Thyssenkrupp shares jump after CEO offers to quit
Shares in Thyssenkrupp jumped on Friday after Chief Executive Heinrich Hiesinger unexpectedly offered to step down, clearing the way for a radical restructuring of the group.
Go ship, Go! China roots for last U.S. soybean cargo to land before tariffs kick in
It is not often that the niche world of commodities trading enters the public conversation, but on Friday China’s social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in.
Deutsche Bank shares spike on report of interest from JPM and ICBC
Shares in Germany’s troubled Deutsche Bank jumped by up to 6 percent on Friday following a magazine report that JPMorgan and Industrial and Commercial Bank of China (ICBC) may be interested in taking a stake.
Germany denies Merkel discussed health of Deutsche with UBS boss
The German government denied on Friday that Chancellor Angela Merkel had asked a top banking executive about his views on troubled lender Deutsche Bank.
Curbs on Chinese investment could hit Detroit and Silicon Valley
U.S. President Donald Trump’s threat to block Chinese investment in U.S. companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related services, from Te…
No one gains in a trade war, China’s premier says
No one will gain from a trade war, Chinese Premier Li Keqiang said on Friday, speaking hours after the United States and China slapped tit-for-tat duties on $34 billion worth of the other’s imports.
JPMorgan denies report of interest in Deutsche Bank
U.S. investment bank JPMorgan denied a report on Friday in Germany’s WirtschaftsWoche business weekly that it was interested in acquiring a stake in Deutsche Bank .
Investigators may use files seized from VW law firm: court
Volkswagen has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany’s top court ruling on Friday that files seized from a U.S. law firm may be reviewed.
Oil slips toward $77 as Saudi boost, trade tensions weigh
Oil slipped toward $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, although oil supply disruptions lent support.
Credit Suisse appoints ombudswoman to tackle sexual harassment claims
Switzerland’s second-biggest bank Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, its CEO told employees on Friday.
