Deutsche Bank CEO says has no plans step down: Die Zeit
FRANKFURT (Reuters) – Deutsche Bank Chief Executive John Cryan has no plans to step down from running Germany’s biggest lender, he told German weekly Die Zeit in an interview.
Airbus signs deal to sell 140 planes worth $23 billion to China
BERLIN (Reuters) – Airbus has signed an agreement to sell 140 aircraft to China, it said on Wednesday, in a deal worth almost $23 billion at list prices.
Poland says close to missile launchers deal with Lockheed Martin
WARSAW (Reuters) – Poland will probably sign a supply deal with Lockheed Martin very soon for its long-planned HOMAR mobile artillery missile launcher project, defense minister Antoni Macierewicz said on Wednesday, ahead of a visit to Warsaw by U.S. P…
Geely’s Volvo to go all electric with new models from 2019
STOCKHOLM (Reuters) – All Volvo car models launched after 2019 will be electric or hybrids, the Chinese-owned company said on Wednesday, making it the first major traditional automaker to set a date for phasing out vehicles powered solely by the intern…
Monte Paschi looks to leave ’emergency room’ and return to profit
MILAN (Reuters) – Italian bank Monte dei Paschi di Siena set out plans to get out of the “emergency room” and return to profit on Wednesday, clearing the way for a state bailout that should remove the biggest threat to the country’s financial stabili…
GM China says sales rebound in June, promises 10 models in second half
BEIJING (Reuters) – General Motors Co on Wednesday said sales rose in China in June after two consecutive months of decline, and promised to rebuild momentum in the world’s largest car market with 10 new or refreshed models in the second half of 2017.
Oil retreats after bull run, on rising OPEC exports, strong dollar
LONDON (Reuters) – Oil prices fell more than 1 percent on Wednesday, ending their longest bull-run in more than five years, as climbing OPEC exports and a stronger dollar turned sentiment more bearish.
After China spending spree, rainmaker Hu says time to look closer to home
BEIJING (Reuters) – Primavera Capital Group, one of China’s largest private-equity firms, is paying closer attention to domestic opportunities in sectors such as health and technology in the face of stricter capital controls at home and rising protecti…
U.S. prosecutors ask judge to silence Shkreli during trial
NEW YORK (Reuters) – Federal prosecutors on Monday asked a U.S. judge for a gag order muzzling former drug company executive Martin Shkreli, on trial for securities fraud charges, arguing that his statements to media could taint the jury and disrupt th…
Australia’s Vocus allows KKR to conduct due diligence for $1.7 billion bid
(Reuters) – Embattled Australian internet company Vocus Group Ltd said it will open its books for KKR & Co LP to conduct due diligence, a sign it may accept a $1.66 billion buyout approach dismissed by investors weeks earlier as too low.
