Thyssenkrupp faces more turmoil as CEO Kerkhoff set to leave
Thyssenkrupp said it was preparing to replace Chief Executive Guido Kerkhoff, making him the latest casualty at the German steel-to-submarines conglomerate which has been in...
Israel Aerospace eyes U.S. government contracts, acquisitions
Israel Aerospace Industries (IAI) [ISRAI.UL] said on Wednesday its U.S. unit opened a new government relations office in Washington DC as part of its strategy...
U.S. slaps news sanctions on Chinese entities over Iran oil
The United States is imposing new sanctions on certain Chinese entities and people who it accuses of knowingly transferring oil from Iran in violation of...
German authorities raid Deutsche Bank in relation to Danske scandal
German authorities have raided Deutsche Bank’s Frankfurt headquarters and are searching for information related to Danske Bank and a money laundering scandal, Frankfurt prosecutors said...
Abu Dhabi’s Etihad delays entry into service of Airbus A350-1000 jets
Abu Dhabi’s Etihad Airways is delaying the entry into service of five Airbus A350-1000 jets as it strives to return to profitability after three consecutive...
Evans says two rate cuts have Fed ‘well-positioned’ at this point
Chicago Federal Reserve president Charles Evans said on Wednesday he backed the Fed’s two recent rate cuts but feels the central bank is now “well-positioned”...
Wall Street opens flat as Trump impeachment threat weighs
U.S. stocks opened largely flat on Wednesday as a move to launch an impeachment inquiry into President Donald Trump unnerved investors, but losses were limited...
Factbox: Thomas Cook collapse prompts international response
The collapse of British travel operator Thomas Cook left hundreds of thousands of holidaymakers abroad and forced governments and insurers to coordinate a huge operation...
Thomas Cook Germany in rescue talks with investors
Thomas Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and...
Explainer: Battle over Osram takes further twist
An unprecedented bidding war has erupted over German lighting group Osram , with private equity group Bain swapping partners to team up with Advent to...