Carmakers eye modest Brazil recovery at low-key Sao Paulo Auto Show
SAO PAULO (Reuters) – The display stands packed with glimmering sheet metal were smaller than usual and all-new models were scarce. Even most forecasts for a recovery in sales were modest, in keeping with the mood as the Sao Paulo Auto Show opened on T…
Oil prices edge higher with Wall St as the U.S. votes
NEW YORK (Reuters) – Oil prices edged higher on Tuesday after trading either side of unchanged all morning, keeping crude in line with a small increase in U.S. stock markets as voters headed to the polls to elect the next president of the United States…
ABN Amro’s CFO Van Dijkhuizen to become new CEO
AMSTERDAM (Reuters) – ABN Amro said on Tuesday it has chosen Kees van Dijkhuizen as CEO to succeed Gerrit Zalm.
Hertz’s market value halves after company slashes forecast
(Reuters) – Hertz Global Holding Inc lost more than half its market value on Tuesday after the U.S. car rental company wrote down the value of some of its fleet, forcing it to slash its full-year profit forecast.
Exlusive: Rosneft state owner may help Rosneft with funds for buyback – sources
MOSCOW (Reuters) – Rosneftegaz [ROSNG.UL], the state holding company that controls Russian oil major Rosneft, is considering helping Rosneft finance the buyback of some of its shares in Rosneft, three sources with knowledge of the discussions said.
Banks warn clients to brace for FX volatility after U.S. vote
LONDON (Reuters) – Major banks have formally told clients to expect volatile currency markets in the aftermath of Tuesday’s U.S. presidential election, with the gap between buying and selling prices that determines the cost of trading expected to widen…
Credit Suisse expects more consolidation in Swiss finance sector in 2017
ZURICH (Reuters) – Credit Suisse says it expects more consolidation in the financial sector in Switzerland next year, as smaller local banks look for scale in order to combat rising costs.
Exclusive: AB InBev attracts at least six bids for Pilsner Urquell, other brands -sources
LONDON/WARSAW (Reuters) – At least six indicative offers have been submitted by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev , sources familiar with the matter said on Tuesday.
Ousted chairman had Tata strategy; company says it was ‘not suitable’
NEW DELHI (Reuters) – Before he was ousted as chairman of Tata Sons, Cyrus Mistry presented the board with a roadmap to boost profitability, squeeze out more money for shareholders and more than double the Indian conglomerate’s market value in 10 years…
Ireland to formally submit appeal on Apple case this week
DUBLIN (Reuters) – Ireland’s government will this week formally submit its appeal against the European Commission’s multi-billion-euro demand for back taxes from Apple, Finance Minister Michael Noonan said on Tuesday.
