Christian Sewing to become new CEO of Deutsche Bank: Spiegel
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, Der Spiegel reported on its website on Sunday.
Saudi Aramco looks to expand largest U.S. refinery
HOUSTON (Reuters) – Saudi Aramco took the first steps toward expanding the largest U.S. refinery on Saturday, which is operated by its subsidiary Motiva Enterprises.
China’s state media urges U.S. industry to rally against Trump tariff threat
BEIJING (Reuters) – Chinese state media on Sunday called on industrial and commercial sectors in the United States to rally against President Donald Trump’s plans for an additional $100 billion in tariffs against Chinese goods.
Saudi Aramco studying chemical plant addition at Port Arthur refinery: sources
HOUSTON (Reuters) – Saudi Aramco is studying a multi-billion dollar plan to build a petrochemical plant at the Port Arthur, Texas, refinery operated by its subsidiary Motiva Enterprises LLC [MOTIV.UL], sources familiar with the company’s plans said on…
Deutsche Bank board to discuss CEO and make decision on Sunday
FRANKFURT (Reuters) – Deutsche Bank’s supervisory board intends to “take a decision” on Sunday after discussing John Cryan’s job at the helm of the bank, the German lender said late on Saturday.
Fed’s Evans says he’s optimistic on inflation, wants rate hikes
CHICAGO (Reuters) – Chicago Federal Reserve Bank President Charles Evans, one of the Fed’s most dovish policymakers, said Saturday that he is optimistic inflation will reach the Fed’s 2 percent goal and that slow, gradual rate increases will be appropr…
Air France strike hits flights as French brace for rail stoppages
PARIS (Reuters) – Air France grounded just under a third of flights on Saturday as staff staged a walkout over pay, and travelers also braced for a fresh wave of train strikes starting later in the day, crippling much of France’s transport network.
Sberbank to own biggest single stake in Croatia’s Agrokor – report
ZAGREB (Reuters) – Russia’s Sberbank may get around 30 percent of Croatia’s indebted food group Agrokor [AGROK.UL] following a debt settlement, a Croatian newspaper reported on Saturday.
Deutsche Bank chairman to hold call with board over CEO – sources
FRANKFURT (Reuters) – The possible replacement of Deutsche Bank CEO John Cryan could be discussed on a supervisory board call scheduled on Sunday evening by Chairman Paul Achleitner, two people familiar with the matter told Reuters.
Philippines regulator orders pushback in Uber’s shutdown amid ongoing review
MANILA (Reuters) – The Philippines’ anti-trust agency said on Saturday it has ordered Uber Technologies Inc [UBER.UL] to continue domestic operations as it reviews the ride hailing firm’s deal to sell its money-losing Southeast Asian business to rival …
