French carmaker PSA Group delivered a sharp increase in first-half profit, as new models and the integration of Opel-Vauxhall more than made up for weaker emerging-market sales.
Deutsche Bank said on Wednesday that it posted a loss of 3.15 billion euros (US$3.51 billion) in the second quarter as a result of costs for a major restructuring.
KKR & Co said it is buying Campbell Soup Co's Australian snacks unit Arnott's Biscuits that will give it ownership of top-selling cookie brands such as Tim Tam, in a deal local media reported was worth US$2.2 billion.
Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros (US$1.74 billion) loss before interest and taxes in the second quarter.
Deutsche Bank said on Wednesday that it posted a loss of 3.15 billion euros (US$3.51 billion) in the second quarter as a result of costs for a major restructuring.
Philippines' Jollibee Foods Corp said on Wednesday it is buying U.S. brand Coffee Bean & Tea Leaf for US$100 million.
U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's US$500 billion trucking market.
Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting.
Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros (US$557 million) a year.
United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.
