[ad_1] MOSCOW A firm part-owned by Germany’s Siemens has been hired to help install electricity turbines in Crimea, a region subject to European Union sanctions barring EU firms from supplying it with energy technology, three…

[ad_1] AIX-EN-PROVENCE, France French utility EDF would not be part of the French government’s plan to sell 10 billion euros ($11.40 billion) worth of state assets to finance projects geared toward innovation, a source close…

[ad_1] BEIJING China’s FAW Car Co Ltd, a partner of Japan’s Mazda Motor Corp (7261.T), will recall over 680,000 Mazda cars due to issues with air bags that were supplied by embattled Japanese auto parts…

[ad_1] CHICAGO Sears Holdings Corp (SHLD.O) is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie…

[ad_1] ZURICH Deutsche Bank (DBKGn.DE) said that it is making progress in its planned partial initial public offering (IPO) of its asset management unit, according to a recent memo to staff. Germany’s largest lender announced…

[ad_1] FRANKFURT Munich prosecutors arrested an Audi employee on suspicion of fraud and false advertising in connection with the carmaker’s emissions scandal, the first arrest in Germany related to Volkswagen’s diesel scandal. The Audi employee…

[ad_1] U.S. authorities have tried to seize millions of dollars associated with several companies that deal with North Korea, including the country’s military, from eight large international banks, according to court filings made public on…

[ad_1] Dish Network Corp (DISH.O) Chief Executive Charlie Ergen and Amazon.com Inc (AMZN.O) head Jeff Bezos have discussed a partnership to enter the wireless business, the Wall Street Journal reported, citing people familiar with the…

[ad_1] SEOUL U.S. auto imports from the likes of General Motors and Ford Motor must become more chic, affordable or fuel-efficient to reap the rewards of President Donald Trump’s attempts to renegotiate a trade deal…

[ad_1] One of the investors former drug company executive Martin Shkreli is accused of defrauding testified on Wednesday that Shkreli lied to him repeatedly, although he eventually made millions of dollars from the investment. Darren…

[ad_1] Jana Partners LLC on Wednesday detailed its criticism of natural gas producer EQT Corp’s plan to buy Rice Energy Inc (RICE.N), laying out its argument as to why the hedge fund believes an EQT…

[ad_1] By Henning Gloystein | SINGAPORE SINGAPORE Brent crude oil remained below $50 per barrel on Wednesday, weighed down by another rise in OPEC supplies despite a pledge to cut production, but geopolitical tensions in…

[ad_1] SEOUL Samsung Electronics Co Ltd (005930.KS) is expected to report its best-ever quarterly profit in the second quarter, with soaring memory chip sales pushing it past Intel Corp (INTC.O) as the biggest semiconductor maker…

[ad_1] ZURICH Activist investor Keith Meister’s Corvex hedge fund and New York’s 40 North have taken a 7.2 percent stake in Clariant (CLN.S) to fight the Swiss chemical maker’s planned merger with Huntsman Corp (HUN.N).…

[ad_1] By Henning Gloystein | SINGAPORE SINGAPORE Oil prices retreated in early Asian trade on Tuesday, halting a run of eight straight days of gains on signs that a relentless rise in U.S. crude production…

[ad_1] By Roberta Rampton and Timothy Gardner | WASHINGTON WASHINGTON President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of…

[ad_1] By Amanda Cooper | LONDON LONDON Oil pared earlier losses on Monday, resuming its longest stretch of daily rallies in more than five years after data pointed to moderating U.S. output, though analysts said…

[ad_1] By Nichola Saminather | SINGAPORE SINGAPORE Manufacturing activity in Asia’s tech producing economies expanded in June, helped by growing global demand for electronics products, but headwinds in external markets could mean a moderation in…

[ad_1] FRANKFURT German discount grocery chain Aldi North is planning to spend more than 5 billion euros ($5.71 billion) to revamp its stores around the world, which would be its biggest investment project ever, German…

[ad_1] By Ben Hirschler | LONDON LONDON The world’s leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new medicines, with GlaxoSmithKline unveiling a new $43 million deal in…

[ad_1] LONDON So strong is the belief in the growth momentum of the global economy as it enters the second half of 2017, the point has been reached in the economic cycle where data not…

[ad_1] Even though a steady stream of money has flowed out of U.S. stocks into overseas markets, investors expect European and emerging market equities to rise further, supported by expectations for economic growth and accommodative…

[ad_1] LONDON Some British Airways cabin crew began a two week strike on Saturday in a prolonged pay dispute, risking further brand damage and travel disruption, although the airline said most passengers would be able…

[ad_1] The downsized initial public offering of Blue Apron Holdings Inc (APRN.N), the first U.S. meal-kit company to go public, may have disappointed venture capital investors, but food companies with stakes in the sector may…

[ad_1] By Jonathan Stempel and Aparajita Saxena Warren Buffett’s company will become the biggest shareholder in Bank of America Corp (BAC.N), after Berkshire Hathaway Inc (BRKa.N) on Friday invoked its right to acquire 700 million…

[ad_1] By Olivia Oran and David Henry For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts covering the industry.…

[ad_1] FRANKFURT Deutsche Bank (DBKGn.DE) is not in advanced talks over frozen bonus payments, former board member Hugo Baenziger told Frankfurter Allgemeine Sonntagszeitung. Baenziger’s remarks run counter to comments made by the bank’s current chairman…

[ad_1] BERLIN Embattled Audi Chief Executive Rupert Stadler only got a five-year contract extension last month because of an agreement among supervisory board members that he would not serve out his full term, two sources…

[ad_1] By Matt Spetalnick and Girish Gupta | WASHINGTON WASHINGTON The Trump administration is concerned about any action by U.S. companies that provides a financial lifeline to Venezuela’s government, senior White House officials told Reuters,…

[ad_1] TOKYO Toyota Motor Corp (7203.T) said on Saturday it had sold all shares in Tesla Inc (TSLA.O) by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop…