Round Two: Elliott Advisors, Akzo Nobel face off in Dutch court
AMSTERDAM (Reuters) – Activist hedge fund Elliott Advisors returned to court on Thursday to try to oust the chairman of Dutch paints group Akzo Nobel over his rejection of a 26.3 billion euro ($30 billion) takeover proposal from PPG Industries .
VW profit jumps as core brand pushes cost cuts, models
BERLIN (Reuters) – Volkswagen said group operating profit more than doubled in the second quarter, helped by cost cuts and higher-margin new models at its core namesake brand.
Europe seeks to set global trade rules after Trump steps back
BRUSSELS (Reuters) – If Donald Trump’s ditching of a U.S.-led trade alliance with Pacific Rim nations wasn’t a gift to the European Union, then it must be the next best thing.
Deutsche Bank sees lower 2017 revenues after mixed second quarter
FRANKFURT (Reuters) – Deutsche Bank forecast lower full-year revenues and only a modest improvement in earnings on Thursday, after second-quarter sales were hit by a drop in capital markets trading.
Why record U.S. oil exports are poised for even more growth
NEW YORK/HOUSTON (Reuters) – U.S. refineries are producing more fuel than ever as they seek to meet rising demand – from overseas, rather than the drivers on nearby roadways.
Goldman launches new online lending strategy for mass affluent
(Reuters) – Goldman Sachs Group Inc is launching a new digital platform where customers of other wealth management firms and brokerages can apply for loans, the bank said on Thursday.
McDonald’s swift to respond in China after moldy ice cream maker pictures go viral in U.S.
SHANGHAI (Reuters) – Viral photos and news reports in the United States allegedly showing a moldy ice cream maker at a U.S. outlet of McDonald’s Corp have prompted swift action from the fast-food giant thousands of miles away: in China.
Samsung Electronics expects continued chip boom after record second-quarter profit
SEOUL (Reuters) – Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June.
Singapore slings? Taking on Alibaba, Amazon launches Prime Now in the city state
SINGAPORE (Reuters) – Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant’s push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding.
Dollar steadies after Fed fall, shares bob at record high
LONDON (Reuters) – Stocks, bonds and commodities were starting to show signs of fatigue on Thursday, having been driven higher by signs that softening U.S. inflation could see the Federal Reserve keeps its interest rates lower for even longer.
