BMW’s Oliver Zipse, currently board member for production, is the frontrunner to become chief executive (CEO) of the German carmaker, sources told Reuters, after Harald Krueger said he would not be available for another term as CEO.
U.S. stock futures edged lower, on Friday, as investors awaited the monthly jobs data, which could offer clues on the Federal Reserve’s move on interest rates.
BMW’s production chief Oliver Zipse is to become the next chief executive of the German carmaker after Harald Krueger’s announcement that he was stepping down, the Frankfurter Allgemeine newspaper reported on Friday, citing people within the company as its source.
The first batch of companies will start trading on the STAR Market on July 22, the Shanghai Stock Exchange said on Friday.
General Motors Co and Ford Motor Co announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the U.S. automakers were hit by a slowing economy amid the Sino-U.S. trade war.
Deutsche Bank is planning to create a separate “corporate bank” unit that will seek to streamline services currently spread throughout the bank, two people familiar with the matter said on Friday.
Wells Fargo & Co’s Irish subsidiary was fined 5.9 million euros on Friday for a prolonged series of regulatory reporting breaches, the second largest fine ever handed down by Ireland’s Central Bank.
BMW will seek to appoint a chief executive later this month after Harald Krueger said he did not want to extend his contract, pre-empting deliberations about whether to give him another five-year term at the helm.
BMW on Friday said Harald Krueger, Chief Executive of the German carmaker will not make himself available for a potential contract extension, pre-empting deliberations about whether to give him another five-year term at the helm.
U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported by tensions over Iran and this week’s decision by OPEC and its allies to extend a supply cut deal until next year.
Renault-Nissan has not decided whether to publish figures on cost savings and other synergies achieved by the alliance over the last year, as has been its custom, two sources close to Renault said, amid growing tension in the partnership.
In Argentina’s remote northern province of Jujuy, Chinese telecoms giant ZTE is installing a little slice of the Asian nation’s vast surveillance state – security cameras that the local government says will help to curb street crime.
Britain’s competition regulator has stepped in to pause Amazon’s investment in online food delivery group Deliveroo while it considers launching a full investigation.
General Motors Co’s second-quarter vehicle sales in China fell 12.2%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.
World stocks clung to their 17-month highs on Friday and bonds paused after this week’s rally ahead of U.S. jobs data, a gauge that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
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