Gulf investors eye raising Deutsche Bank stake: Manager Magazin
FRANKFURT (Reuters) – Deutsche Bank’s largest investors, investment vehicles controlled by the Qatari royal family, would be ready to take part in a capital increase, German business monthly Manager Magazin reported on Thursday, citing banking sources…
Dunkin’ Brands revenue misses on fewer restaurant openings
(Reuters) – Dunkin’ Brands Group Inc posted lower-than-expected quarterly revenue on Thursday, hurt by fewer restaurant openings and a drop in sales at established Baskin-Robbins outlets in the United States.
Exxon boss tells peers, Saudis their oil supply crunch bet is wrong
LONDON (Reuters) – Exxon Mobil’s boss Rex Tillerson told Saudi Arabia’s energy minister on Wednesday that fears of a new global oil supply crunch were exaggerated as the U.S. oil industry was adapting to the low price shock and was set to resume growt…
Catwalks and Katy Perry: Alibaba starts countdown to Singles’ Day
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd started the countdown to its annual shopping festival Singles’ Day on Friday, promising consumers – and investors – a bonanza of fashion shows, virtual reality and U.S. pop star …
EU court adviser backs Intel fight against record EU fine
LUXEMBOURG/BRUSSELS (Reuters) – Intel’s fight against a record 1.06 billion euro ($1.16 billion) EU antitrust fine received a boost on Thursday when a top Europe court adviser questioned whether the U.S. chipmaker’s actions had really harmed competit…
VW brand chief eyes 3.7 billion euros of cost cuts by 2021: sources
BERLIN/FRANKFURT (Reuters) – Volkswagen is targeting about 3.7 billion euros ($4.1 billion) of cost cuts at its core autos division by 2021 as it wrestles with labor leaders over a turnaround plan, sources said.
Nissan completes takeover of Mitsubishi, keeps embattled chief
TOKYO (Reuters) – Nissan Motor Co Ltd said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker’s chief executive to ensure its recovery from a mileage cheating scand…
Starbucks plans new ‘Reserve’ targets in super-premium battle
(Reuters) – Starbucks Corp Chief Executive Howard Schultz on Thursday unveiled new growth plans for the chain’s upscale Reserve brand as it fights off competition from super-premium coffee rivals like Blue Bottle and Intelligentsia.
Oil slips after strong rally, but bullish sentiment remains
LONDON (Reuters) – Oil prices fell on Thursday on profit-taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production.
JPMorgan in talks to sell out of Chinese securities JV
HONG KONG (Reuters) – JPMorgan Chase & Co is in talks to sell out of a Chinese securities joint venture with First Capital Securities Co Ltd in what would be the first departure by a top-tier global investment bank from China’s securities segment.
