Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault
Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an...
G20 nerves hit European stocks, dollar; oil gains
European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20...
Daimler slumps as diesel costs wipe out profit growth
Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying...
Lufthansa announces turnaround plan for budget unit Eurowings
German carrier Lufthansa announced a turnaround plan for Eurowings on Monday, saying its budget unit would in future focus on short-haul flights and seek a...
FedEx apologizes for returning Huawei phone, reigniting Chinese ire
FedEx Corp has apologized for returning a package which the sender said contained a Huawei smartphone, blaming an “operational error” as it works to comply...
Natixis’ H2O sells some illiquid debt to try to staunch outflows
H2O, one of French bank Natixis’ asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries...
Oil prices climb as U.S.-Iran tensions mount
Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary...
Santander to pay 1 billion euros to end insurance accord with Allianz Group
Spain’s largest lender Banco Santander said on Monday it will pay almost 1 billion euros ($1.1 billion) to end an agreement between Allianz and Banco...
Asia stocks climb pre-G20, oil up on U.S.-Iran feud
Stock markets in Asia inched higher on Monday on hopes that U.S. and Chinese leaders will be able to get trade talks back on track...
Lufthansa pegs dividend payout ratio to net profit
German carrier Lufthansa on Monday said it would start pegging its dividend payout ratio to net profit in the future, adding this would give the...