Teva CEO exits amid crisis of confidence at drugmaker
TEL AVIV (Reuters) – The chief executive of Teva Pharmaceutical Industries has stepped down, leaving new management to overhaul the world’s biggest maker of generic drugs and restore confidence after a series of missteps sent its shares plummeting.
EU’s Katainen hopes to revive EU-U.S. free trade talks under Trump
BERLIN (Reuters) – The European Union could revive talks on a free trade deal with the United States under the administration of President Donald Trump, European Commission Vice President Jyrki Katainen said on Tuesday.
Euro, European bonds unnerved by French political jitters
LONDON (Reuters) – European financial markets struggled with growing economic and political concerns on Tuesday as the euro neared its biggest fall this year and bond yield spreads over Germany reaching the widest in several years.
Honda, Hitachi Automotive to form EV motor joint venture
TOKYO (Reuters) – Honda Motor Co Ltd and Hitachi Ltd’s auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles (EV), joining forces to better compete in the highly specialized “green” car segment.
Fiat Chrysler reiterates diesel vehicles fully compliant
MILAN (Reuters) – Fiat Chrysler reiterated its diesel vehicles were fully compliant with applicable emissions requirements, a spokesman said on Tuesday after the French authorities referred the carmaker’s case for possible prosecution.
Toshiba courts funds as SK Hynix, Micron Technology bid for chip stake: sources
SEOUL/TOKYO (Reuters) – Toshiba Corp favors private equity bidders in the sale of a stake in its chip business, as suitors including rivals SK Hynix Inc and Micron Technology Inc vie with financial investors like Bain Capital, sources said on Tuesday.
Deutsche Boerse says clears CEO after analysis of talks with LSE
FRANKFURT (Reuters) – Deutsche Boerse’s supervisory board backed its Chief Executive Carsten Kengeter, who is the focus of an insider trading investigation, saying it had found that talks with the London Stock Exchange had not yet started in 2015.
White House memo confuses Wall Street on fate of fiduciary rule
WASHINGTON/NEW YORK (Reuters) – Conflicting signs from the White House have left brokerage firms and lobbyists unsure whether a controversial rule governing retirement advice will ever be put in place, but they are taking no chances and complying anywa…
Qatar Airways expects Trump’s travel ban to be relaxed: report
SYDNEY (Reuters) – Qatar Airways Chief Executive Akbar Al Baker on Tuesday said he expected U.S. President Donald Trump would eventually relax a travel ban targeting seven predominantly Muslim countries, New Zealand media reported.
Citigroup gets bond settlement agent license in China
HONG KONG (Reuters) – Citigroup Inc’s China unit said on Tuesday that it had received the so-called “Type A” bond settlement agent license from China’s central bank, allowing it to add to its offering of sales, trading and research in the fixed-income…
