LVMH’s Arnault mulls ways to renegotiate deal with Tiffany: sources
LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant’s $16.2 billion acquisition of U.S. jewelry chain Tiffany &...
LVMH’s takeover of Tiffany seen as uncertain: WWD
French luxury goods group LVMH’s $16.2 billion takeover of Tiffany & Co is looking less certain as the jeweler grapples with a deteriorating situation in...
Trump administration to bar Chinese passenger carriers from flying to U.S.
President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to...
Deutsche Bank faces action from NY regulators over Epstein ties: sources
Deutsche Bank could face enforcement action by New York regulators investigating its ties to the late U.S. financier and accused sex offender Jeffrey Epstein, two...
France nears 1-billion-euro crisis fund for aero suppliers: sources
French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million...
Oil falls from $40 as doubts emerge over next step on OPEC cuts
Oil fell on Wednesday after jumping for awhile above $40 a barrel, the highest since March, then retreating as doubts emerged about the timing and...
SoftBank launches $100 mln fund investing in ‘people of colour’
SoftBank Group Corp is launching a $100 million fund to invest in “companies led by founders and entrepreneurs of colour”, in the latest corporate action...
U.S. factory orders extend decline in April
New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed...
Wall Street gains on Boeing, recovery hopes
A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social...
Apple must face U.S. shareholder lawsuit over CEO’s iPhone, China comments
A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to...