Deutsche Bank’s retreat to Germany gets tepid welcome at home
German manufacturer Voith has been a customer of Deutsche Bank for more than a century. But as the maker of hydropower and paper plants expands abroad it said it has started to hire other international banks where it would have previously considered G…
America Movil cuts stake in KPN to 16 percent
Mexican telecommunications company America Movil has cut its stake in Dutch telecoms company KPN to slightly more than 16 percent, a filing at financial watchdog AFM showed.
Leading Carige investors told to seek regulatory clearance over stake
Three leading investors in Italy’s Carige will have their voting rights capped at 10 percent at a key shareholder meeting next week unless they gain regulatory clearance for the their combined 15.2 percent stake, the bank said.
Metro CEO sees interest for Real stores on the block
German retailer Metro AG previously had contact with potential buyers for its struggling Real hypermarkets so it is optimistic its decision to put them for sale will be met with interest, chief executive Olaf Koch said on Friday.
Xiaomi creates new management jobs aimed at CEO succession planning
Chinese smartphone maker Xiaomi Inc said on Friday it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, amid increased scrutiny of governance and successions at Chinese tech firms.
Hyundai Motor Group names heir apparent as chief vice chairman
Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.
Oil prices claw back on supply concerns though but demand worries drag
Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, as concerns about oil supply are countering worries that emerging market crises and trade disputes could dent demand.
Hyundai Motor Group heir apparent named as chief vice chairman
Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.
U.S. sanctions Russian, Chinese tech firms over funds for North Korea
The United States on Thursday imposed sanctions on a China-based tech firm, its North Korean CEO and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions.
Hyundai Motor Group appoints heir apparent as chief vice chairman
South Korea’s Hyundai Motor Group said on Friday that it has appointed Chung Eui-sun, vice chairman of Hyundai Motor Co , to chief vice chairman of the group.
