EssilorLuxottica eyes bigger global retail network with $8 billion deal for GrandVision
EssilorLuxottica , the world’s largest eyewear maker, announced on Wednesday it is buying Dutch optical retailer GrandVision in a cash transaction worth up to 7.2...
Oil rises for fifth straight day as market awaits Fed, stockpiles fall
Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut...
Aston Martin slumps to half-year loss as European demand drops
Luxury British carmaker Aston Martin slumped to a half-year loss as profits were hit by a nearly 20 percent drop in European demand, the latest...
Indian coffee tycoon Siddhartha’s body found floating in river
Authorities in Southern India recovered the body of coffee baron V.G. Siddhartha floating in a river on Wednesday, two days after his disappearance sparked speculation...
British hedge fund Man Group first-half AUM rises on market gains, loses cash
British hedge fund manager Man GroupĀ on Wednesday reported a 5% increase in assets under management in the first half, boosted by performance in its computer-driven...
Panasonic posts bigger than expected 44% slump in first-quarter profit
Japan’s Panasonic Corp reported on Wednesday a sharper than expected 44% plunge in first-quarter operating profit, as Sino-U.S. trade tensions dampened demand for its auto...
North Korea tests more missiles despite efforts at diplomatic solutions
North Korea fired two short-range ballistic missiles early on Wednesday, the South Korean military said, only days after it launched two similar missiles intended to...
China hopes for denuclearization efforts by United States, North Korea
China hopes the United States and North Korea will make positive efforts to promote denuclearization as well as long-term peace and stability, foreign ministry spokeswoman...
Orion, Bayer prostate cancer drug gets FDA approval
Finland’s Orion and Germany’s Bayer said on Wednesday the U.S. Food and Drug Administration (FDA) had approved prostate cancer drug daroluramide, which the two companies...
British hedge fund Man Group posts 5% rise in first-half AUM
British hedge fund manager Man GroupĀ on Wednesday reported a 5% increase to its assets under management in the first half of 2019, even as it...