Exclusive: JPMorgan in talks to lead Lyft’s IPO – sources
JPMorgan Chase & Co is in talks about leading Lyft Inc’s upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft’s larger competitor Uber Technologies Inc, according to people familiar with the matter.
Oil eases, but Iran sanctions keep prices near late 2014 highs
Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.
Deutsche Bank dismisses merger talk speculation after media reports
Deutsche Bank has dismissed as “fictions” speculation that it might seek a merger, after media reports suggested Germany’s biggest lender might seek tie ups with Switzerland’s UBS or German peer Commerzbank.
Against trade war, Fed backdrop China sets positive world equity tone
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.
Daimler names Kaellenius as CEO from 2019, Zetsche to become chairman
Daimler AG on Wednesday named Swede Ola Kaellenius as its next chief executive as part of a succession plan which also seeks to install current CEO Dieter Zetsche as a back-seat driver.
Anbang in talks to sell Japan real estate to Blackstone, other bidders: sources
Anbang Insurance Group Co Ltd [ANBANG.UL] aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP , about two years after buying them from the U.S. investment firm, two people with knowledge of the matter said.
Brexit at breaking point? Diary dates for Britain’s EU departure
With just six months to go until the United Kingdom is due to leave the European Union, negotiations are at what Prime Minister Theresa May has called an impasse.
Nissan blames latest improper tests on ‘low awareness’ of rules
Nissan Motor Co said on Wednesday an “extremely low awareness” of the seriousness of inspection standards and rules had led to improper measuring of exhaust emissions and fuel economy in vehicle models made in Japan.
Deutsche Bank comfortable with consensus forecasts: CFO
Deutsche Bank is comfortable with consensus forecasts for the third quarter, the lender’s finance chief said on Wednesday, as he played down speculation of a possible merger.
Foreign airlines to face new rivals on popular China routes as restrictions ease
Foreign airlines that fly on 20 popular long-haul routes to China will face fresh competitive pressure as Beijing begins to ease decade-old restrictions on Oct. 1, allowing more Chinese carriers to offer service.
