Business & Finance News
LONDON (Reuters) – World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in U.S. bond yields towards the key 3 percent level stalled, while oil prices stretched to fresh highs above $75 a barrel.
DUBLIN (Reuters) – Ryanair has agreed to buy an additional 25 Boeing 737 MAX planes, worth $3 billion at list prices, lifting its order of the U.S. planemaker’s flagship short-haul plane model to 135, the two companies said on Tuesday.
(Reuters) – Home appliance maker Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion in cash as it focuses on its consumer-facing business.
BEIJING/SHANGHAI (Reuters) – Japan’s Softbank Group and Alphabet Inc’s venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday.
FRANKFURT (Reuters) – Deutsche Bank AG may spell out strategy changes for its investment bank on Thursday along with first-quarter earnings, a person with knowledge of the matter said on Tuesday.
FRANKFURT/LONDON (Reuters) – Germany’s SAP announced upbeat results in the seasonally tough first quarter, saying it was gaining ground on competitors Salesforce and Oracle in the cloud and that its margin recovery was firmly on track.
(Reuters) – Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion in cash.
TOKYO/SYDNEY (Reuters) – Asian stocks steadied after hitting two-week lows on Tuesday as investors paused for breathe following a heavy sell-off in recent sessions and waited to see if the dollar’s rally was sustainable.
BEIJING (Reuters) – Top Chinese tech firms and some government departments have been singled out in a report that says discriminatory hiring practices based on gender are widespread in China and are linked to a shrinking proportion of women in the labor force.
(Reuters) – A unit of debt-laden Chinese conglomerate HNA Group [HNAIR.UL] is seeking to raise as much as $1.5 billion by the end of this year in an investment fund that will serve as the group’s primary vehicle for global acquisitions, a document reviewed by Reuters showed.
PARIS (Reuters) – French automaker PSA Group posted a 42 percent increase in first-quarter revenue, lifted by its acquisition of Opel-Vauxhall last year.
ZURICH (Reuters) – A Swiss appeals court has ruled in favor of private bank Julius Baer in a suit by a German agency hunting East German assets that went missing after the fall of the Berlin Wall, the bank said on Tuesday.
FRANKFURT (Reuters) – Germany’s SAP announced upbeat results in the seasonally tough first quarter, saying it was gaining market share on its competitors in the cloud and its margin recovery was on track.
IOWA CITY, Iowa (Reuters) – Wells Fargo & Co executives planned to convey a message of atonement to shareholders at the bank’s annual meeting in Des Moines, Iowa on Tuesday as it works to convince investors and regulators a sweeping sales scandal is a thing of the past.
FRANKFURT (Reuters) – Deutsche Bank AG may announce changes in the strategy of its investment banking unit on Thursday along with quarterly earnings, a German newspaper reported on Tuesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
