Investment grade bond funds suck in record $12.3 billion as investors ditch stocks: BAML
Investors plowed a record $12.3 billion into investment grade bond funds and ditched equities over the past week, Bank of America Merrill Lynch said on...
Gucci parent Kering moves to tighten grip on e-commerce
Kering, owner of brands including Gucci, will tighten its grip on its e-commerce operations, focusing on its own branded sites to sell its luxury products...
Germany’s Stada buys six of GSK’s consumer brands, eyes further deals
Private equity-backed generic drugmaker Stada said on Friday it would buy six consumer healthcare products from British drugmaker GlaxoSmithKline to bolster its presence in Europe....
Swiss Re presses ahead with flotation of $4.5 billion British unit
Swiss Re is pressing ahead with a flotation of British subsidiary ReAssure on the London Stock Exchange, the world’s second largest reinsurer said on Friday,...
Qatar Airways to seek compensation from Boeing over MAX grounding
Qatar Airways plans to seek compensation from Boeing over the grounding of three 737 MAX aircraft by Italian airline Air Italy, where the Qatari company...
Toyota speeds up electrified vehicle schedule as demand heats up
Toyota Motor Corp aims to have half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and said it will...
Drugmaker Sanofi appoints Novartis’ Hudson as CEO
Sanofi has appointed Novartis executive Paul Hudson to replace CEO Olivier Brandicourt who will retire in September, France’s biggest drugmaker said on Friday....
France did not come out well in FCA-Renault deal: Italy’s Di Maio
Italy’s Industry Minister Luigi Di Maio blamed the French state for derailing merger talks between Fiat Chrysler and rival Renault saying Paris had come out...
Asia shares up on policy easing hopes, yuan slips on PBOC signals
Asian shares were slightly higher on Friday on expectations global central banks will soon embark on an easing cycle in the face of international trade...
UBS, Sumitomo Mitsui Trust to establish joint venture for wealth management
Swiss lender UBS will sign a deal with Japan’s Sumitomo Mitsui Trust for a wealth management tie-up in Japan, with the two aiming to establish...