Merger talks between Germany's top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday.
SINGAPORE: Hyflux is engaging with potential white knights overseas for a new restructuring deal worth S$400 million, said the embattled water treatment firm in a filing to the Singapore Exchange on Thursday (Apr 25). According to Hyflux, it has received a non-binding letter of intent from one ...
Royal Bank of Scotland plc said on Thursday that Chief Executive Ross McEwan has resigned from his role, signaling a refresh of leadership and direction at the state-backed lender as it continues its journey to full private ownership.
French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros (US$1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters.
Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core business, the networks unit.
Swedish bank Swedbank reported first-quarter profit above market expectations on Thursday but admitted to past anti money-laundering shortcomings and said it was cooperating with authorities, including those of the United States.
Speaking at a conference on Thursday (Apr 25), the Senior Minister of State for Trade and Industry stressed that when rules and procedures are set, it is important to consider the impact when they are implemented on the ground.
SINGAPORE: Grab and Ninja Van announced on Thursday (Apr 25) that Grab has invested in the logistics company, and Ninja Van's logistics services will be integrated into the Grab app in a regional partnership. "Ninja Van’s logistics services will be available on the Grab app via GrabExpress in the ...
Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter told Reuters on Thursday.
A high-rise city the size of central London rising out of the ocean next to Sri Lanka's capital is laying down another marker for China's global infrastructure ambitions whose epic scope is sounding alarm bells in Asia and beyond.
