FTSE confirms new Unilever not eligible for UK blue chip index
Consumer goods giant Unilever will not be included in Britain’s blue-chip FTSE 100 index once it ends its dual-headed structure, index compiler FTSE Russell said.
How tech jobs helped Rust Belt become house-flipping hotspot
In the run-up to the 2008 financial crisis, millions of amateur investors kept adding fuel to the overheating U.S. housing market by betting on quick profits in hotspots like Las Vegas or Miami. A decade later, house-flipping is making a comeback, but …
New York overtakes London as top financial center; Brexit blamed
New York has overtaken London as the world’s most attractive financial center, a survey said on Wednesday, as Britain’s decision to leave the European Union prompts banks to shift jobs out of the city to preserve access to Europe’s single market.
VW brand must become significantly more efficient: CEO
The VW brand needs higher profits and must become significantly more efficient to be able to finance its future, Volkswagen group Chief Executive Herbert Diess told the brand’s staff magazine.
Oil hovers near $80 a barrel as concern grows over global supply
Oil eased on Wednesday, having neared its highest level this year after a drop in U.S. crude inventories and the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production.
Stocks inch off three-week lows but little respite for emerging markets
Fresh sparring between Washington and Beijing over trade kept world stocks close to three-week lows on Wednesday, while a slight dollar pullback gave little respite to emerging markets, with the Indian rupee plumbing new record lows.
IKEA to open first store in Ukraine next year
Swedish retailer IKEA will open its first store in Ukraine next year because of the country’s improved business climate, a senior executive said on a visit to Kiev on Wednesday.
New York overtakes London as world’s top financial center: Z/YEN survey
New York has overtaken London as the world’s most attractive financial center, a survey said on Wednesday, as Britain’s decision to leave the European Union prompts banks to shift jobs out of the city to preserve access to Europe’s single market.
German consumer body to file class action suit against Volkswagen on November 1
The German consumer protection organization vzbv on Wednesday said it would file a class action lawsuit against Volkswagen on Nov. 1.
LG Display struggles for footing after LCD forecasting error leads to crisis
The chief executive of South Korea’s LG Display , Han Sang-beom, was determined to deliver a strong message when he appeared before 1,000 employees at the firm’s main manufacturing plant last spring.
