Mois : juin 2019

TEL AVIV () – Bank Leumi said on Sunday Chief Executive Rakefet Russak-Aminoach will step down in the coming months after seven years as head of Israel’s biggest bank by market capitalization. FILE PHOTO – Pedestrians are reflected in the windows of a branch of Bank Leumi, Israel’s second-largest lender, in Tel Aviv, Israel May […]

Italian Prime Minister Giuseppe Conte arrives at a European Union leaders summit that aims to select candidates for top EU institution jobs, in Brussels, Belgium June 30, 2019. /Yves HermanBRUSSELS () – Italy’s Prime Minister Giuseppe Conte said he will not discuss with European Union leaders on Sunday possible EU action over Rome’s debt, for […]

The Jaguar XJ  has been in production for more than 50 years.Production of the current model is due to end in July, though Jaguar has said there will be a new version at some point. We look back on its amazing history. The long-serving Land Rover Defender’s 68-year production run is frequently lauded but a […]

LONDON () – Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth. Bank for International Settlements (BIS) General Manager Agustin Carstens leaves after G-20 finance ministers and central banks governors family photo during the IMF/World […]

LONDON () – Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part of a plan to bulk up in areas the German lender hopes will bring steadier revenue streams. Outside view of the Deutsche Bank headquarters in Frankfurt, Germany, March 17, 2019. /Ralph OrlowskiDeutsche […]

JAKARTA () – Indonesian flag carrier Garuda (GIAA.JK) will comply with requests from regulators to “fix and restate” its financial statements and pay fines for accounting errors, company executives said on Sunday. FILE PHOTO: A plane belonging to Garuda Indonesia is seen on the tarmac of Terminal 3, SoekarnoÐHatta International Airport near Jakarta, Indonesia April […]

BEIJING () – China’s factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as U.S. tariffs and weaker domestic demand ramped up pressure on new orders for goods. Workers direct a crane lifting steel pipes for export at a port in Lianyungang, Jiangsu province, […]

BEIJING () – China’s factory activity shrank more than expected in June, an official survey showed on Sunday, highlighting the need for more economic stimulus as U.S. trade tariffs ramped up pressure on the world’s second-largest economy. Workers direct a crane lifting steel pipes for export at a port in Lianyungang, Jiangsu province, China June […]

() – Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court documents showed on Saturday. A sign marks a Motel 6 property in Espanola, New Mexico, U.S., July 11, […]

A worker cleans shop signs behind an installation depicting shoppers at a shopping mall in Beijing January 19, 2015. /Kim Kyung-Hoon BEIJING () – Growth in China’s services sector activity held firm in June, an official survey showed on Sunday, despite growing pressure on the broader economy from tougher U.S. trade measures. The official non-manufacturing […]

() – Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court documents showed on Saturday. A sign marks a Motel 6 property in Espanola, New Mexico, U.S., July 11, […]

A tree covered in autumn foliage is seen with office skyscrapers around it during rainfall in the City of London, Britain, November 9, 2018. /Toby MelvilleLONDON () – Britain’s private sector has had its worst three months in nearly seven years as the Brexit impasse and poor weather hit economic growth, the Confederation of British […]

A sign marks a Motel 6 property in Espanola, New Mexico, U.S., July 11, 2018. /Brian Snyder() – Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the hotel chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court documents showed […]

FRANKFURT () – Deutsche Bank’s (DBKGn.DE) supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people with knowledge of the matter said. FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. /Ralph Orlowski/File PhotoCEO Christian Sewing […]

FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. /Ralph Orlowski/File PhotoFRANKFURT () – Deutsche Bank’s (DBKGn.DE) supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, three people with knowledge of the matter said. CEO Christian Sewing […]

BUCHAREST () – Romania’s centrist President Klaus Iohannis said on Saturday he would decline any offer to get the European Union’s top job, seeking instead to win a fresh term as the country’s president. Romanian President Klaus Iohannis talks during a news conference after the European Union leaders summit in Brussels, Belgium, June 21, 2019. […]

FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. /Ralph Orlowski/File PhotoFRANKFURT () – Deutsche Bank’s (DBKGn.DE) supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, three people with knowledge of the matter said. A spokeswoman for […]

OSAKA () – Leaders of the Group of 20 major economies warned on Saturday of growing risks to the global economy but stopped short of denouncing protectionism, calling instead for a free, fair trade environment after talks some members described as difficult. Japan’s Prime Minister Shinzo Abe (C) speaks during the G20 summit in Osaka, […]

MEXICO CITY () – An $8 billion syndicated loan to Mexico’s national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President Andres Manuel Lopez Obrador said on Friday, after a recent credit downgrade for the firm. FILE PHOTO: A view of the headquarters of state […]

() – The Trump administration turned up the pressure on Venezuelan President Nicolas Maduro on Friday by targeting his son Nicolas “Nicolasito” Maduro with sanctions, the U.S. Treasury Department said. Venezuela’s President Nicolas Maduro (L) waves as he arrives for a session of the National Constituent Assembly next to his son and National Constituent Assembly […]