DE) Chief Executive Martin Blessing will step down from the role next October, the bank said on Sunday, leaving Germany’s second largest lender seeking a new CEO as it comes out of a turnaround.The bank ran into trouble after taking over Dresdner Bank in the midst of the financial crisis.
BEIJING (Reuters) - China’s factory activity fell for an eighth straight month in October but at a slower pace as export orders flickered into life, a private survey showed on Monday, pointing to continued sluggishness in the world’s second-largest economy.The Caixin/Markit China Manufacturing Purchasing Managers’ Index(PMI) edged up to 48.
VX expects to launch a smartwatch that can be used to make payments in Switzerland next spring, Chief Executive Nick Hayek said in an interview with a Swiss newspaper published on Saturday.The watch is likely to use a pre-paid system, Hayek told Finanz und Wirtschaft, unlike a version launched in China this month that can be used like a debit card.
MONTREAL/QUEBEC CITY (Reuters) - Quebec’s $1 billion bailout for aerospace company Bombardier Inc (BBDb.But the fortunes of Quebec’s aerospace sector are closely tied to those of Bombardier, a household name in the province.
But Wal-Mart said it faces obstacles because its credit card partner, Synchrony Financial, is not yet able to handle PINs on credit cards.The impasse comes after many consumers got their hands on new credit cards embedded with so-called EMV chips in advance of an Oct.
The decision resulted from employee feedback on how to improve the airline, solicited in September when Oscar Munoz became chief executive of United Continental Holdings Inc (UAL.N), according to the note from Jon Roitman, United’s senior vice president for airport operations.
Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next policy meeting put a December rate hike firmly in play.Investors had expected the Fed to remain pat on rates, but the overt reference to December came as a surprise.
24 million pounds ($12.“We will complete the necessary transformation and repositioning of the investment bank to a less capital-intensive model,” Staley said in a memo to staff.
WASHINGTON/BRUSSELS (Reuters) - The United States is not keen on pursuing a separate free trade deal with Britain if it leaves the European Union, U.The United States is Britain’s biggest export market after the EU, buying more than $54 billion in goods from the United Kingdom in 2014.
single-family home prices rose in August at a slightly faster pace than in July and in line with expectations, a closely watched survey said on Tuesday.1 percent in August on a year-over-year basis compared with 4.
Nasdaq 100 e-mini futures NQc1 also edged up after Apple’s results.43, the S&P 500.
NEW YORK (Reuters) - Oil prices fell a third straight session to multi-week lows on Tuesday on the persistent global supply glut ahead of data expected to show another increase in U.4 million barrels last week, a fifth consecutive build after gaining 22 million barrels in a four-week span.
DE) namesake brand said on Wednesday he did not think demand for cars had peaked in China, as worries persist over the impact on global automakers from the weakness in the world’s biggest auto market.“The market in China has probably shifted from the big, major cities to smaller areas where there is more demand for mobility and cars,” Volkswagen brand CEO Herbert Diess told reporters at the Tokyo Motor Show.
NEW YORK (Reuters) - Comcast Corp, the cable and entertainment company, posted in-line third-quarter results on Tuesday, helped by its NBCUniversal’s box-office hit “Minions” and growth in its high-speed Internet and business services divisions.Net income attributable to Comcast fell 23 percent to $2 billion, or 80 cents per share, from a year earlier.
NEW YORK (Reuters) - The Nasdaq 100 index, dominated by U.technology stocks, may set a record high next week, helped by good earnings from Apple Inc expected on Tuesday.
Italy is Deutsche Bank’s second-biggest European retail business after Germany, with 4,000 staff and around 300 branches.If it seeks to sell branches, one of the sources said Deutsche could tap the likes of ING ING.
BERLIN (Reuters) - German Transport Minister Alexander Dobrindt has invited U.experts to Germany to observe checks being conducted on vehicles with diesel engines, as a result of Volkswagen’s (VOWG_p.
N) said on Friday it reached a tentative deal with the union representing its maintenance workers, paving the way for a wage hike and the first contract to cover technicians from both United and Continental since the airlines merged in 2010.The deal provides for a 25 percent raise for United’s highest-earning technicians, to $46.
Yet underscoring China’s drive to deepen financial reforms, which many believe are necessary to invigorate the economy, the People’s Bank of China (PBOC) said it was freeing the interest rate market by scrapping a ceiling on deposit rates.” The PBOC said on its website that it was lowering the one-year benchmark bank lending rate by 25 basis points to 4.
(Reuters) - The S&P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald‘s, relieved investors’ concerns about the profit outlook.S&P 500 earnings still are estimated to have fallen 3.