German, U.S. companies concerned despite EU trade truce with Trump: survey
Nearly three out of four companies doing business in Germany and the United States doubt that a U.S.-European trade truce reached last month will be followed by a lasting agreement on large-scale tariff cuts, a survey showed on Tuesday.
EU clears $3.9 billion P&G deal for German Merck’s consumer health business unit
EU antitrust regulators have approved Procter & Gamble’s (P&G) 3.4 billion euro ($3.9 billion) acquisition of Merck KGaA’s consumer health unit, saying on Tuesday that they had no competition concerns.
Apollo Global Management funds to buy Aspen Insurance for $2.6 billion
Aspen Insurance Holdings Ltd said on Tuesday certain funds affiliated to alternative investment manager Apollo Global Management LLC will take the insurer private in an all-cash transaction valued at $2.6 billion.
World stocks hit six-month high as NAFTA deal eases trade war fears
World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.
Watch brand IWC opens new factory, expands ecommerce
Swiss watch brand IWC, owned by luxury goods group Richemont , inaugurated a new manufacturing site in its hometown of Schaffhausen as it gets ready to meet growing demand for its timepieces.
Asian markets cautiously optimistic on U.S.-Mexico trade deal
Asian shares advanced on Tuesday and the U.S. dollar hovered near its lowest in a month, with risk appetite sharpened by the United States and Mexico reaching a deal to overhaul the North American Free Trade Agreement.
Nestle, Starbucks wrap up $7.15 billion licensing deal
Nestle and Starbucks said on Tuesday they had concluded their licensing deal for the Swiss food giant to market the U.S. coffee maker’s packaged coffees and teas around the world.
Swiss drugmaker Roche’s diagnostics head exits
Roche diagnostics head Roland Diggelmann is resigning as of Sept. 30, ending a 10-year stint at the Swiss drugmaker and for now leaving the business with 12.1 billion Swiss francs ($12.15 billion) in sales without a permanent leader.
Tesla’s U-turn puts it back at square one on cash
Elon Musk’s take-private plans for Tesla Inc have evaporated, but the company’s looming debt needs remain.
China considers measures to curb workplace harassment: Xinhua
China is considering introducing measures to tackle sexual harassment in the workplace in a civil code draft submitted to the country’s top legislature on Monday, state news agency Xinhua reported.
