Adidas to close stores in online push: CEO in Financial Times
FRANKFURT (Reuters) – Adidas expects to close down stores in the coming years as part of a shift towards selling more goods online, its chief executive told a newspaper.
Deutsche Bank picks insider Christian Sewing as new CEO: sources
FRANKFURT (Reuters) – Christian Sewing, currently co-deputy chief executive officer of Deutsche Bank , is to become the new CEO of Germany’s biggest lender, replacing John Cryan, two people familiar with the matter told Reuters on Sunday.
Saudi exchange counting on foreign funds to aid Aramco IPO, chief says
RIYADH (Reuters) – Saudi Arabia’s stock exchange expects an influx of foreign funds to smooth the listing of national oil firm Saudi Aramco, despite concern among some analysts about whether the market can absorb the huge offer, the exchange’s chief ex…
Indian special court issues warrants against two accused in PNB bank fraud
NEW DELHI (Reuters) – A special court of India’s Central Bureau of Investigation (CBI) issued non-bailable warrants against two Indian jewelers who are central figures in an alleged $2 billion scam at state-run Punjab National Bank (PNB) , according to…
As U.S. and China trade tariff barbs, others scoop up U.S. soybeans
CHICAGO (Reuters) – Escalating tensions between the United States and China have triggered a flurry of U.S. soybean purchases by European buyers, in one of the first signs that trade tariff threats lobbed between the world’s top two economies are disru…
Christian Sewing to become new CEO of Deutsche Bank – source
FRANKFURT (Reuters) – Christian Sewing, currently co-deputy chief executive officer of Deutsche Bank , is to become the new CEO of Germany’s biggest lender, replacing John Cryan, a person familiar with the matter told Reuters on Sunday.
Dubai cryptocurrency firm denies Alibaba trademark infringement
DUBAI (Reuters) – A Dubai-based cryptocurrency company called Alibabacoin Foundation has rebuffed allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding in a U.S. lawsuit last week.
Deutsche Bank’s Sewing to become new group CEO – source
FRANKFURT (Reuters) – Deutsche Bank co-deputy chief executive Christian Sewing is to become the new CEO of Germany’s biggest bank, a person familiar with the matter told Reuters on Sunday.
Aramco takes step to integrating petrochems into United States’ biggest refinery
HOUSTON (Reuters) – Saudi Aramco took the first steps to integrating a petrochemicals business into the United States’ biggest oil refinery, which is operated by its subsidiary Motiva Enterprises.
Proxy adviser Glass Lewis tells Telecom Italia investors to back Elliott’s proposals
MILAN (Reuters) – Proxy adviser Glass Lewis has recommended Telecom Italia investors back a proposal by activist fund Elliott to replace six board members and shake up the way top shareholder Vivendi runs the phone group, a document showed.
