Citigroup to invest in London, hire staff despite Brexit: FT
(Reuters) – Wall Street bank Citigroup Inc will set up an innovation center in London in one of the first investments by a big U.S. bank since Brexit, the Financial Times reported on Sunday.
Renault board member quits ahead of CEO succession meeting
PARIS (Reuters) – Senior Renault board member Thierry Desmarest has resigned from the French carmaker, sources told Reuters, days ahead of a meeting at which Chief Executive Carlos Ghosn is asking directors to back his chosen successor’s appointment.
Emirates firms up $16 billion order for A380 superjumbos
DUBAI (Reuters) – Emirates signed a contract on Sunday to buy as many as 36 Airbus A380 aircraft worth as much as $16 billion at list prices, firming up an order that is crucial to the future of the world’s biggest passenger jet.
Takata, injured drivers reach deal to end U.S. bankruptcy
WILMINGTON, Del. (Reuters) – Takata Corp’s U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smoothes the way to end its Chapter 11 bankruptcy and sell its viable operations, accordi…
Breitling CEO ditched racy ads featuring women as unsuitable: paper
ZURICH (Reuters) – The new chief executive of Switzerland’s Breitling watch company said he has ended advertisements with some featuring women in shorts and flight suits catering to pilots of World War II-era fighter planes on grounds they were inappro…
Credit Suisse hit by U.S. lawsuit over writedowns, says case “without merit”
ZURICH (Reuters) – Credit Suisse faces a U.S. class action lawsuit over $1 billion in writedowns it took in 2015 and 2016 linked to its trading division, Swiss newspaper SonntagsZeitung reported on Sunday, but the Swiss bank said the case was “without…
Toyota leaves Pyeongchang podium to South Korean rivals
PYEONGCHANG, South Korea (Reuters) – For a major new Olympics sponsor, Japanese carmaker Toyota Motor Corp is oddly invisible at the Pyeongchang winter Games.
Australia’s big banks focus on job cuts as inquiry looms
SYDNEY (Reuters) – Australia’s big banks are responding to a revenue crunch by cutting jobs and other costs, prompting fears on the eve of an inquiry into their businesses that the industry’s tarnished reputation is about to take another hit.
UK’s Tesco is planning a chain of discount stores: Sunday Times
LONDON (Reuters) – Supermarket group Tesco, Britain’s biggest retailer, is planning a chain of cut-price stores to counter the growth of discount rivals Aldi and Lidl, the Sunday Times newspaper reported.
Mayhoola, Fosun vie for control of French fashion label Lanvin: sources
PARIS (Reuters) – Qatari investment fund Mayhoola, which owns Italian fashion house Valentino, and Chinese conglomerate Fosun, the company behind French tourism group Club Med, are vying to acquire a majority stake in struggling French fashion house Lanvin, two sources familiar with the talks said.
