Google helps stock markets recover, oil stretches above $75
LONDON (Reuters) – World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in U.S. bond yields towards the key 3 percent level stalled, while oil prices stretched to fresh highs a…
Whirlpool to sell Embraco compressor business to Japan’s Nidec for $1.08 billion
(Reuters) – Home appliance maker Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion in cash as it focuses on its consumer-facing business.
Softbank, Google join $1.9 billion investment in China truck-hailing firm
BEIJING/SHANGHAI (Reuters) – Japan’s Softbank Group and Alphabet Inc’s venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday.
Deutsche Bank may announce investment bank revamp on Thursday: source
FRANKFURT (Reuters) – Deutsche Bank AG may spell out strategy changes for its investment bank on Thursday along with first-quarter earnings, a person with knowledge of the matter said on Tuesday.
Whirlpool to sell Embraco compressor business to Japan’s Nidec
(Reuters) – Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion in cash.
Asian stocks pause after sell-off; dollar, oil near recent highs
TOKYO/SYDNEY (Reuters) – Asian stocks steadied after hitting two-week lows on Tuesday as investors paused for breathe following a heavy sell-off in recent sessions and waited to see if the dollar’s rally was sustainable.
Chinese tech giants, government under fire for ‘men only’ job ads
BEIJING (Reuters) – Top Chinese tech firms and some government departments have been singled out in a report that says discriminatory hiring practices based on gender are widespread in China and are linked to a shrinking proportion of women in the labo…
Exclusive: China’s HNA Group seeks up to $1.5 billion in new fund – document
(Reuters) – A unit of debt-laden Chinese conglomerate HNA Group [HNAIR.UL] is seeking to raise as much as $1.5 billion by the end of this year in an investment fund that will serve as the group’s primary vehicle for global acquisitions, a document revi…
SAP, gaining market share, raises outlook
FRANKFURT/LONDON (Reuters) – Germany’s SAP announced upbeat results in the seasonally tough first quarter, saying it was gaining ground on its main competitors Salesforce and Oracle in the cloud and that its margin recovery was firmly on track.
Deutsche Bank may announce investment bank revamp on Thursday: report
FRANKFURT (Reuters) – Deutsche Bank AG may announce changes in the strategy of its investment banking unit on Thursday along with quarterly earnings, a German newspaper reported on Tuesday.
