Renault chairman vows to get Nissan alliance back on track next year
Renault Chairman Jean-Dominique Senard is determined to get the carmaker’s alliance with Japan’s Nissan back on track next year, he said on Tuesday, adding other...
Goldman Sachs lowers forecast 2020 U.S. shale oil output growth
Goldman Sachs wound back its forecast for growth in U.S. shale output in 2020, and slightly reduced its outlook for 2020 global oil demand growth....
AMS posts third-quarter revenue jump, sees strong demand from Apple, others
Apple supplier AMS beat expectations with a 41% jump in third-quarter revenue on Tuesday and forecast further strong demand for its optical sensors from smartphone...
UBS tightens investment banking belt as earnings slide continues
Swiss bank UBS is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and...
Arla’s CFO steps down to take up position at Ahold Delhaize
Arla Foods, one of the world’s largest dairy firms, said on Tuesday that Chief Financial Officer Natalie Knight will leave the company at the end...
Sunrise’s $6.4 billion takeover of UPC teeters as rights issue collapses
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped a rights issue needed to complete its 6.3 billion Swiss franc ($6.39 billion) acquisition...
Fintech Revolut to launch in the U.S. by year-end with Mastercard deal
Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with...
Infosys probes alleged ‘unethical practices’ by top officials; shares sink
Infosys Ltd said it was investigating whistleblower claims accusing its top two executives of “unethical practices” to boost short-term profit, sending its shares to their...
UBS, authorities eye client overcharges in Singapore and Hong Kong
UBS is working with relevant authorities to address inappropriate spreads it may have charged wealthy clients whose money was booked in Hong Kong and Singapore...
Renault chairman can ‘never say never’ on Fiat but deal not on table
Renault Chairman Jean-Dominique Senard said on Tuesday that a possible deal with Italian carmaker Fiat was not on the table for now, although he did...