Germany’s Stuttgart set to ban some diesel cars from city center
BERLIN (Reuters) – Stuttgart, home to Germany’s Mercedes-Benz and Porsche , said on Tuesday it will ban from next year diesel cars which do not meet the latest emissions standards from entering the city on days when pollution is heavy.
Germany a favorite for Citi’s Europe investment banking HQ: paper
FRANKFURT (Reuters) – U.S. bank Citigroup may choose Frankfurt as the headquarters for its European investment banking and trading activities as part of its Brexit contingency plans, the bank’s European chief told Frankfurter Allgemeine Zeitung.
Higher customer traffic boosts Wal-Mart’s sales in holiday quarter
CHICAGO (Reuters) – Wal-Mart Stores Inc reported higher-than-expected U.S. sales on Tuesday for the crucial holiday quarter as its low prices attracted more customers to its stores and online activity accelerated.
PSA says will honor existing Opel job guarantees
FRANKFURT/PARIS (Reuters) – PSA Group has pledged to respect existing Opel and Vauxhall job guarantees if it buys the European arm of General Motors , though some analysts say thousands of jobs are eventually likely to go for the deal to work.
HSBC share run stumbles on writedowns, tough outlook
HONG KONG/LONDON (Reuters) – HSBC’s full-year profit slumped 62 percent and fell far short of forecasts on Tuesday as the bank took hefty writedowns from restructuring and flagged near-term brakes on revenue growth.
Wanda’s Dick Clark deal shaky, but not yet dead: sources
BEIJING/SHANGHAI (Reuters) – Chinese conglomerate Dalian Wanda’s proposed $1 billion purchase of Hollywood’s Dick Clark Productions Inc is under pressure but is not yet over, sources told Reuters, amid high U.S.-China tensions and tight scrutiny by Bei…
Exclusive: Burger King and Tim Hortons owner nears deal to buy Popeyes – sources
(Reuters) – Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday.
Russia announces recall of 135,491 Honda and Acura cars
MOSCOW (Reuters) – Russia’s standards agency, Rosstandart, said the local retailer of Honda and Acura cars had informed it of the recall of up to 135,491 cars due to possible airbag faults.
Toshiba seeks $8.8 billion for chip unit stake as banks fret over risks
TOKYO (Reuters) – Japan’s Toshiba Corp wants to raise at least 1 trillion yen ($8.8 billion) by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter s…
Snap arrives in London to woo skeptical investors ahead of IPO
LONDON (Reuters) – Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, va…
