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Deutsche lifted by Fed stress test pass in boost to Wall Street operation

June 28, 2019 by cbn Leave a Comment

Deutsche lifted by Fed stress test pass in boost to Wall Street operation

Deutsche Bank’s shares rose by as much as 4.8% on Friday after Germany’s biggest bank passed an annual health check by the U.S. Federal Reserve, in a boost to its beleaguered Wall Street operations.

Filed Under: Financial Planning

H&M shares jump as early summer sales shine

June 27, 2019 by cbn Leave a Comment

H&M shares jump as early summer sales shine

Swedish fashion group H&M said sales of its summer collections had started well and it would open fewer stores this year than previously planned as it adapts to the online shift, boosting its shares by 10%.

Filed Under: Financial Planning

Airlines and regulators meet to discuss Boeing 737 MAX un-grounding efforts

June 26, 2019 by cbn Leave a Comment

Airlines and regulators meet to discuss Boeing 737 MAX un-grounding efforts

Airlines and regulators are gathering at a closed-door summit in Montreal on Wednesday to exchange views on steps needed for a safe and coordinated return of Boeing Co’s grounded 737 MAX jets to the skies following two deadly crashes.

Filed Under: Financial Planning

India’s L&T buys controlling stake in Mindtree – CNBC TV18

June 25, 2019 by cbn Leave a Comment

India’s L&T buys controlling stake in Mindtree – CNBC TV18

Indian conglomerate Larsen and Toubro Ltd (L&T) has acquired a controlling stake in IT services company Mindtree Ltd, CNBC TV18 channel reported citing sources.

Filed Under: Financial Planning

Corrected: German business sentiment lowest since 2014: Ifo

June 24, 2019 by cbn Leave a Comment

Corrected: German business sentiment lowest since 2014: Ifo

(Corrects paragraph 2 to show reading above (not below) forecast)

Filed Under: Financial Planning

France’s Carrefour takes step to exit China with Suning.com deal

June 23, 2019 by cbn Leave a Comment

France’s Carrefour takes step to exit China with Suning.com deal

Carrefour, Europe’s largest retailer, took a decisive step on Sunday toward a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com

Filed Under: Financial Planning

U.S. conservative group to launch attacks ads against Biden during Democratic debate

June 22, 2019 by cbn Leave a Comment

U.S. conservative group to launch attacks ads against Biden during Democratic debate

Club for Growth, a conservative political group, will launch new attack ads against Democratic presidential front-runner Joe Biden targeting his past statements about race that will run during his first debate appearance next week.

Filed Under: Financial Planning

Italy’s Salvini threatens to resign in budget row with EU

June 21, 2019 by cbn Leave a Comment

Italy’s Salvini threatens to resign in budget row with EU

Italy’s Deputy Prime Minister Matteo Salvini raised the stakes in a budget tussle with Brussels on Friday by threatening to resign and bring down the government unless he can push through at least 10 billion euros ($11 billion) of tax cuts.

Filed Under: Financial Planning

Total cuts 200 jobs in Denmark

June 20, 2019 by cbn Leave a Comment

Total cuts 200 jobs in Denmark

French oil major Total SA said on Thursday it would cut 200 jobs in Denmark as part of the redevelopment of the Tyra gas fields in the North Sea.

Filed Under: Financial Planning

U.S. work visa caps to squeeze businesses, jobs: Nasscom

June 20, 2019 by cbn Leave a Comment

U.S. work visa caps to squeeze businesses, jobs: Nasscom

The United States’ plans to cap H1-B work visas, used by Indian IT firms to send employees there, would imply a “further crunch” for businesses to access skilled workforce, industry lobby group Nasscom said on Thursday.

Filed Under: Financial Planning

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