Daimler names Kaellenius as CEO from 2019, Zetsche proposed as chairman
Daimler AG said on Wednesday it would appoint Ola Kaellenius as chief executive in 2019 and that current CEO Dieter Zetsche would move to the supervisory board in 2021.
Versace takeover will bring jobs to Italy, its designer says
Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors but the deal with the U.S. fashion group will create jobs in Italy, creative director Donatella Versace told newspapers on Wednesday.
Brent oil trades near four-year high, but U.S. crude retreats
Brent crude was trading around its highest in nearly four years on Wednesday, while U.S. crude futures fell as Washington tried to assure consumers that the market would be well supplied before sanctions are re-imposed on producer Iran.
Timeline: 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.
Factbox: Reuters surveys UK financial services jobs post-Brexit
As few as 630 UK-based finance jobs have been shifted or created overseas so far ahead of Brexit, while the number of jobs that UK-based financial institutions said they expected to move in the event of a “hard” Brexit is 5,766, a Reuters survey shows….
Exclusive: With six months to go before Brexit, 630 finance jobs have left – Reuters survey
As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European Union, according to a new Reuters surve…
Brexit and the City: A barometer for London’s financial outlook
London’s skyline is changing fast, pierced by gleaming new skyscrapers which defy predictions of a Brexit-related slowdown in the capital’s two financial districts.
Talks on Air India bailout package at ‘advanced stage’: official
Discussions on a bailout package for embattled state-run carrier Air India are at an “advanced stage”, the country’s junior aviation minister Jayant Sinha said on Wednesday.
Deutsche Bank looked at merger scenario with UBS: Handelsblatt
Deutsche Bank has considered a theoretical merger with UBS to study the effects of any tie-up, the German business daily Handelsblatt reported on Wednesday, citing people familiar with the matter.
Talks on bailout package for Air India at ‘advanced stage’: official
Discussions on a revival package for beleaguered state-run carrier Air India are at an “advanced stage”, the country’s junior aviation minister Jayant Sinha said on Wednesday.
