Category Archives: Business News

LONDON/BOSTON “Macro” hedge funds are back in favor with investors seeking to take a view on U.S. President Donald Trump’s economic policies, European elections, or interest rates, but it is start-up funds rather than established players which are attracting cash. Some of the main beneficiaries of the macro revival are managers who cut their teeth […]

FRANKFURT Members of the Porsche-Piech clan that controls Volkswagen (VOWG_p.DE) will no longer be eligible to serve as executives of the carmaker, Porsche Automobil Holding SE (PSHG_p.DE) Chairman Wolfgang Porsche told a German newspaper. “That no family member is active in the operating business must apply to Porsche SE and the whole Volkswagen group,” Frankfurter […]

By Yashaswini Swamynathan U.S. stocks were little changed in choppy trading on Thursday as investors reassessed their bets ahead of a potentially tense meeting between the presidents of U.S. and China and as the chances of quick fiscal stimulus ebbed. U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, start their two-day meeting on […]

CHICAGO U.S. seeds and agrochemicals company Monsanto Co (MON.N), which is in the process of being bought by Germany’s Bayer AG (BAYGn.DE) for $66 billion, reported a better-than-expected quarterly profit on Wednesday, helped by strong demand for its soybean and corn seeds. The world’s largest seed supplier said sales of corn seeds and traits rose […]

By Babak Dehghanpisheh and Tim Hepher | DUBAI/PARIS DUBAI/PARIS Iran’s Aseman Airlines has signed a tentative deal to buy at least 30 Boeing (BA.N) 737 MAX jets, in the first new business with the U.S. planemaker since President Donald Trump took office vowing to take a tougher stance toward Iran. Owned by Iran’s civil service […]

WASHINGTON The U.S. Federal Communications Commission voted to reverse a requirement imposed under the Obama administration that Charter Communications Inc extend broadband service to 1 million households that currently have service, a source briefed on the matter said. The decision was a win for a group representing smaller cable companies that petitioned to overturn the […]

LONDON Credit Suisse (CSGN.S) has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Zurich-based Credit Suisse was pulled into an international tax evasion and money laundering investigation on Thursday when […]

FRANKFURT German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen (VOWG_p.DE) emissions scandal, Automobilwoche magazine reported on Saturday. “We hope to conclude lawsuits … this year,” Klaus Ziehe, spokesman for the Braunschweig state prosecutors office in Lower Saxony state, where Volkswagen is headquartered, was quoted as saying by the […]

BlackBerry Ltd reported better-than-expected adjusted earnings for the sixth straight quarter, as the smartphone pioneer’s shift to the higher-margin software business paid off, sending shares soaring more than 15 percent. The Canadian firm also said on Friday it expects to be profitable on an adjusted basis for the second year in a row, and generate […]