JPMorgan steps up push for women executives and clients
JPMorgan Chase & Co is expanding the reach and funding of a group established to promote women working inside the bank to also help female clients, including entrepreneurs and individuals.
Hyatt Hotels to more than double its Africa hotels by 2020
Hyatt Hotels Corp plans to more than double its hotels in Africa by 2020 to capitalize on improved travel links and robust economic growth that is boosting demand for rooms, the company’s regional vice president said on Wednesday.
China leads world stocks in attempt to scale Fed, trade war hurdles
A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil.
Deal-making spree keeps investors upbeat about European M&A revival
The $40 billion takeover of British broadcaster Sky and other new deals in Europe have broken a summer lull to bolster investor optimism over an M&A revival in the region.
Merck’s Frazier to remain CEO beyond 2019
Merck & Co Inc’s Kenneth Frazier will stay on as chief executive beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEO to retire at the age of 65.
EU negotiator seeks orderly Brexit, new partnership respecting UK sovereignty
The European Union’s negotiator Michel Barnier said on Wednesday that he was working for a Brexit deal and a future cooperation model with Britain that would respect the UK’s sovereignty.
Merck CEO to stay post 65 after company amends retirement policy
Drugmaker Merck and Co Inc said on Wednesday that its board voted to rescind a policy requiring its head to retire at 65, a move that will permit current Chief Executive Officer Kenneth Frazier to remain in the role beyond next year.
Deutsche Bank dismisses merger reports as ‘fictions’
Deutsche Bank has dismissed speculation that it might seek a merger as “fictions”, after media reports suggested Germany’s biggest lender might seek tie ups with Switzerland’s UBS or German peer Commerzbank.
Daimler names R&D head as next CEO, Zetsche to become chairman
Daimler named research chief Ola Kaellenius as its next CEO on Wednesday in a succession plan that promotes a raft of tech-savvy managers at its Mercedes-Benz car brand and also seeks to install long-serving CEO Dieter Zetsche as chairman.
Germany’s deputy finance minister urges insurers to prepare for no-deal Brexit
German Deputy Finance Minister Joerg Kukies on Wednesday urged insurers to prepare for a no-deal Brexit and added that the German government was very interested in attracting financial service providers looking to leave Britain due to Brexit.
