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Updated: 3 min 9 sec ago

Deutsche Bank CEO paid $8 million, top managers get first bonuses in four years

18 min 13 sec ago
Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing's 7 million euro ($8 million) total pay package making him one of the best paid chief executives in European banking.

German 10-year yields dive below zero to two-and-a-half-year lows as growth fears roil markets

25 min 19 sec ago
German 10-year bond yields crashed briefly below zero while European shares and the euro fell on Friday after another set of disappointing German economic data added to fears of a global slowdown prompted by this week's dovish turn by the U.S. Fed.

Alibaba, Tencent, car makers set up $1.5 billion China ride-hailing venture

26 min 17 sec ago
Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.

Thomas Cook to shut 21 stores and cut jobs in shift to online

35 min 22 sec ago
British travel company Thomas Cook plans to axe 320 jobs and close 21 stores in its UK retail network to cut costs as consumers increasingly shop online, it said on Friday.

Australia's Myer department stores to stop selling Apple products

56 min 17 sec ago
Australia's largest department store operator Myer will stop selling "unprofitable" Apple Inc products as part of its drive to focus on higher-margin items, Myer Holdings said on Friday.

SpiceJet seeks planes from other sources after India grounds 737 MAX fleet

1 hour 16 min ago
India's SpiceJet Ltd said on Friday it was in talks will lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet.

Australia's Myer department stores says to stop selling Apple products

1 hour 41 min ago
Australian department store Myer will stop selling Apple Inc products due to the sales being unprofitable, operator Myer Holdings said on Friday.

India's SpiceJet in talks with lessors to induct aircraft

2 hours 9 min ago
India's SpiceJet Ltd said on Friday it was in talks will lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet.

Daimler taps Goldman to raise China BAIC shareholdingsources

2 hours 41 min ago
Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people with knowledge of the matter said.

Goldman Sachs raises chances of no-deal Brexit after UK PM's late reprieve

3 hours 25 min ago
Goldman Sachs on Friday lowered its expectations of UK Prime Minister Theresa May's Brexit deal getting ratified, and hiked its estimate of the chances of a "no-deal" exit from the European Union.

EasyJet readies Brexit contingency plan to meet ownership rules

3 hours 29 min ago
British low-cost airline EasyJet said on Friday it was ready to suspend the voting rights of a small number of shares to comply with rules that require 50 percent plus one share of the company to be owned by EU shareholders following Brexit.

Asian shares hold near 6-1/2-month high, fresh Sino-U.S. trade talks awaited

3 hours 46 min ago
Asian shares held near 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector helped calm some of the jitters sparked by the Federal Reserve's cautious outlook on the world's biggest economy.

Boeing to mandate safety feature in MAX software upgrade: sources

4 hours 9 min ago
Boeing Co will mandate on MAX jets a previously optional cockpit warning light, which might have warned of problems that possibly played a role in the recent crashes of Ethiopian and Indonesian planes, two officials briefed on the matter said.

Apple's iPhone struggles unravel ambitions of Japan Display

4 hours 54 min ago
When Japan Display Inc broke ground on a new factory in central Japan in 2015, the future looked bright for one of the world's top vendors of liquid crystal display (LCD) panels.

Eisai starts phase 3 trials for second Alzheimer's drug after first's failure

4 hours 58 min ago
Eisai Co Ltd on Friday said it has begun phase 3 clinical trials of Alzheimer's treatment BAN2401, a day after the Japanese drugmaker and U.S. partner Biogen Inc scrapped trials for another Alzheimer's drug, aducanumab.

Hyundai shareholders inflict big defeat on U.S. fund Elliott in proxy vote

5 hours 23 sec ago
Hyundai Motor Group companies' shareholders rejected on Friday Elliott Management's demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund's campaign to shake up South Korea's second-biggest family-run conglomerate.

U.S. corporate breakups could be catalyst to change Dow index

5 hours 17 min ago
Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents prepare to transform from large conglomerates into smaller companies.

UPS eyes in-home health services with U.S. vaccine project

5 hours 25 min ago
LOUISVILLE, Ky. - United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare.

China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

6 hours 53 sec ago
China's major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest in ride-sharing industry, Chongqing Changan Automobile said on Friday.

Indonesia's Garuda asks to cancel $6 billion 737 MAX order, considers other Boeing jets: CFO

6 hours 9 min ago
National carrier Garuda Indonesia has sent a letter to Boeing Co asking to cancel an order for 49 737 MAX 8 narrowbody jets, Garuda Chief Financial Officer Fuad Rizal said on Friday.

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