Deutsche Bank CEO stands by global ambitions
Deutsche Bank has no plans to give up its global presence, its chief executive said on Wednesday, despite sizeable job cuts to try and revive profitability.
Indian panel wants Johnson & Johnson to pay compensation over recalled implants
A government panel has recommended that Johnson & Johnson (J&J) pay compensation of at least $28,500 to each Indian patient who suffered from artificial hip implants the U.S. healthcare firm recalled eight years ago.
India’s Mahindra says Fiat Chrysler files patent complaint in U.S.
India’s Mahindra and Mahindra Ltd said on Wednesday Fiat Chrysler Automobiles U.S. LLC filed a patent violation complaint with the U.S. International Trade Commission against the company.
IKEA to shut Norwegian in-town stores amid cost cuts
Furniture retailer IKEA will shut three city center stores in Norway as part of a drive to cut costs amid declining profits, the company said in a statement on Wednesday.
Asia shares subdued, dollar befuddled by trade doubts
Asian shares crept marginally higher on Wednesday as optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China.
Restaurant operator Yum China rejects $17.6 billion Hillhouse offer: source
Fast-food chain operator Yum China Holdings Inc has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia’s biggest deals this year, a person with dire…
Proxy fight looms as new investors ramp up pressure on Campbell Soup
The family that controls Campbell Soup Co looks to be on a collision course this week with new hedge fund investors pushing for the company to sell itself, heralding a potential proxy fight industry analysts have labeled the “fight of the fall.”
Fast-food chain Yum China rejects $17.6 billion Hillhouse buyout offer: source
Fast-food chain operator Yum China Holdings Inc has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia’s biggest deals this year, a person with dire…
Asia shares eke out gains, dollar befuddled by trade doubts
Asian shares crept marginally higher on Wednesday as optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China.
Canada rejoins NAFTA talks as U.S. autos tariff details emerge
Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she rejoined NAFTA talks, while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress.
