Bayer’s Covestro Raises $1.7 Billion After Cutting Size of IPO
Covestro AG, the plastics unit of drugmaker Bayer AG, raised 1.5 billion euros ($1.7 billion) in an initial public offering after cutting the size of the sale by 40 percent amid slumping global stock...
View ArticleSchaeffler Said to Face Shadow of Volkswagen in IPO Meetings
Auto parts supplier Schaeffler AG is fielding questions from investors over the scandal facing its biggest customer Volkswagen AG, a slowdown in China and the shift to hybrid vehicles, as it markets an...
View ArticleMonday Papers: SABMiller calls for AB InBev to raise offer
Top stories Financial Times: The fourth-largest shareholder in SABMiller is pushing for Anheuser-Busch InBev to improve its £65 billion offer, less than 72 hours ahead of a bid deadline imposed by UK...
View ArticleThursday Papers: Fed fuels doubts on 2015 rate rise
Top stories Financial Times: Market concerns are rising over divisions at the top of the Federal Reserve on when to lift interest rates, casting fresh uncertainty over the US central bank’s strategy...
View ArticleWednesday Papers: SABMiller agrees AB Inbev takeover deal
Top stories The Guardian: SABMiller has agreed to sell itself to Anheuser-Busch InBev for $104 billion (£68 billion) in a deal that will be the biggest takeover of a British company and create the...
View ArticleTuesday Papers: AB InBev raises offer for SABMiller
Top stories Financial Times: Anheuser-Busch InBev stepped up the pressure on SABMiller to agree a takeover by sweetening its offer to £67 billion, raising the stakes in a battle to create the world’s...
View ArticleDeutsche Bank losses hit £4.5bn amid writedowns and litigation charges
Deutsche Bank has warned it will post a loss of 6.2 billion euros (£4.5 billion) in the third quarter of its financial year due to a series of writedowns and litigation charges. Germany's largest bank...
View ArticleFriday Papers: Goldman profits hit by 40% fall
Top stories Financial Times: Goldman Sachs has capped a bleak earnings season for many of the biggest US banks, unveiling a drop in bond trading that knocked third-quarter profits by almost 40%....
View ArticleThe Latest: Nordic nations ponder action against VW
BERLIN (AP) -- The latest developments in the Volkswagen emissions scandal. All times local. --- 4:55 p.m. Norway says it's considering action against Volkswagen over the emissions-rigging scandal,...
View ArticleVW scandal widens as France and Italy launch deception inquiries
The Volkswagen emissions-testing scandal is deepening, with authorities in France and Italy launching investigations into the embattled German carmaker....
View ArticleVolkswagen Scandal Spreads to Other German Carmakers
The Volkswagen emissions scandal is spreading to Audi and Skoda and other affiliates of the auto giant as police started investigating ex-CEO Martin Winterkorn. The scandal broke when a U.S. consumer...
View ArticleStrong interest in National’s Turkish unit
Finansbank appears to be a particularly coveted asset, boosting the prospects of a very profitable sale by its parent group, National Bank of Greece, ahead of the Greek lender’s...
View ArticleVolkswagen Diesel Scandal Sparks Europe Debt-Crisis Flashback
Volkswagen AG’s finance unit is seeing funding costs rise as turmoil from the diesel-cheating scandal spreads, adding to the beleaguered carmaker’s woes. The banking arm, which makes loans to auto...
View ArticleGreece's NBG looks at ways to boost capital, no decision on Finansbank,...
Greece's biggest lender National Bank is considering ways to meet any potential capital shortfall after a stress test this year but has not finalised plans, which include options for majority-owned...
View ArticleGreece's NBG looks at ways to boost capital, no decision on Finansbank - source
Greece's biggest lender National Bank is considering ways to meet any potential capital shortfall after a stress test this year but has not finalised plans, which include options for majority-owned...
View ArticleVW veteran lined up to be North America boss quits
The man Volkswagen lined up less than three weeks ago to head its North American business resigned on Wednesday, dealing a blow to the German carmaker's efforts to recover from a scandal over its...
View ArticleVolkswagen appoints CFO as chairman amidst emissions scandal
Amidst a huge scandal and personnel reshuffling, Volkswagen has a new Chairman. Volkswagen, which is embroiled in the biggest scandal of its history, has elected Chief Financial Officer (CFO) Hans...
View ArticleCEO Blog (Alliance Trust plc)
(Source: Alliance Trust plc) By Katherine Garrett-Cox, Chief Executive September 2015 Focusing on Fundamentals as the Fed continues to be busy doing nothing The world's focus in August was undoubtedly...
View ArticleVolkswagen faces potential class-action lawsuits over emissions scandal
Several potential class-action lawsuits have been filed in Michigan against Volkswagen over the company’s diesel emissions scandal, as US regulators ratcheted up questioning of the auto giant....
View ArticleVolkswagen suspends sale of some vehicles in Australia
Sydney, Australia: Embattled auto giant Volkswagen on Saturday suspended the sale of some diesel-powered cars in Australia as the fallout from its emissions-cheating software expanded. Volkswagen Group...
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