Trade talks keep stocks afloat, weak PMIs sink euro
Global shares crept higher on Wednesday as prospects of fresh China-U.S. trade talks drew a guarded welcome from investors, while dour data on euro zone...
Deutsche Bank suffers $3.5 billion quarterly loss
Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion) because of major costs stemming from its efforts to reshape...
Deutsche Telekom sets meeting as T-Mobile, Sprint deal nears approval: report
Deutsche Telekom has called a leadership meeting on Wednesday in expectation of U.S. regulatory approval of the proposed merger of its U.S. T-Mobile unit with...
Asia stocks stay judgment on trade talks, euro pressured
Asian shares crept higher on Wednesday as the prospect of fresh Sino-U.S. trade talks drew a guarded welcome, while the euro hit lows on a...
Daimler second-quarter hammered by one-off, diesel charges
Luxury car maker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a...
PSA Group profit jumps on pricing, Opel synergies
French carmaker PSA Group delivered a sharp increase in first-half profit, as new models and the integration of Opel-Vauxhall more than made up for weaker...
Deutsche Bank posts second quarter loss of $3.51 billion on restructuring costs
Deutsche Bank on Wednesday said the German company posted a larger-than-expected loss of 3.15 billion euros ($3.51 billion) in the second quarter due to major...
KKR devours Tim Tam biscuits maker in $2.2 billion deal with Campbell
KKR & Co said it is buying Campbell Soup Co’s Australian snacks unit Arnott’s that will give it ownership of top-selling biscuit brands such as...
KKR buying Australian Tim Tam cookie maker from Campbell for $2.2 billion
KKR & Co said it is buying Campbell Soup Co’s Australian snacks unit Arnott’s Biscuits that will give it ownership of top-selling cookie brands such...
Philippines’ Jollibee buying U.S. firm Coffee Bean for $100 million
Philippines’ Jollibee Foods Corp said on Wednesday it is buying U.S. brand Coffee Bean & Tea Leaf for $100 million....