International Companies
JP Morgan to scrap bonus cap for London staff - report
JP Morgan Chase is to scrap Brussels’ cap on bonuses for its UK bankers, it was reported on Wednesday.
Boston Scientific to buy Silk Road Medical in $1.26bn deal
Medical device company Silk Road Medical surged in pre-market trade on Tuesday after saying it had agreed to be bought by Boston Scientific in a $1. 26bn deal.
Carrefour shares plunge on reports of fine over franchise management
Shares of French supermarket giant Carrefour fell sharply on Tuesday, following reports from French media indicating that the economic and finance ministry had recommended a substantial fine against the company for its franchise network management.
Adidas shares drop on bribery allegations in China
Shares in Adidas fell sharply on Monday after the German sports apparel and footwear manufacturer said it was investigating allegations of bribery in China.
UBS to book $900m provision over Greensill supply financing funds
Swiss banking giant UBS announced on Monday that it expected to book a provision of about $900m related to Credit Suisse's funds, tied to the collapsed supply chain financing firm Greensill Capital.
Germany calls on EU to soften China tariffs - report
Germany is lobbying the European Union to soften or even scrap a proposed tariff hike on Chinese-made electric vehicles, it was reported on Friday.
China calls on EU to scrap EV tariffs
Beijing has urged the European Union to abandon newly-announced tariffs on Chinese electric vehicles, accusing it of “politicising” trade.
Tesla shareholders support $56bn pay package, Musk says
Billionaire Elon Musk has claimed that Tesla Motors shareholders are voting in favour of his controversial $56bn pay package by "a wide margin".
FedEx to cut between 1,700 and 2,000 back office jobs in Europe
US parcel delivery firm FedEx said on Wednesday that it plans to axe between 1,700 and 2,000 back-office and commercial jobs in Europe as it looks to cut costs amid a slump in freight demand.
World facing 'staggering' supply surplus as demand for oil peaks - IEA
The world is facing a "staggering" oil supply surplus, a leading energy think tank warned on Wednesday, as output outstrips slowing demand.
China inflation nudges higher, narrowly misses forecasts
Inflation in China nudged marginally higher in May, official data showed on Wednesday, while producer prices eased.
Covestro close to granting Adnoc in-depth due diligence - report
Covestro is reportedly close to granting Abu Dhabi National Oil Co. access to in-depth due diligence in expectation of an improved takeover bid, signalling fresh impetus for the talks between both parties after a year of negotiations.
Atos shares slide as it agrees to dilutive restructure
Shares in French IT giant Atos were sliding on Tuesday morning, after it announced that its board had decided to proceed with a restructuring plan that would seriously dilute the equity of existing shareholders.
Diller Noble acquires Diamond Offshore for $1.6bn
Texas-based oil company Noble Corporation has announced plans to snap up Diamond Offshore Drillling for $1. 6bn.
German economy improving but inflation remains 'stubborn' - Bundesbank
The German economy is gaining momentum after two years of weakness, the Bundesbank said on Friday, despite "stubborn" inflation.
Big Lots shares dive as Q1 results miss forecasts
The share price of Big Lots plunged by a fifth on Thursday after the American discount chain reported a big drop in sales and a wider-than-expected loss in its first quarter which it blamed on a "challenging consumer environment".
US regulators take aim at Big Tech's role in AI - report
US antitrust regulators are to investigate Microsoft, OpenAI and Nvidia over their roles in the artificial intelligence industry, it was reported on Thursday.
Commodity trader Trafigura sees profits drop as market normalises
Singaporean commodity trading giant Trafigura saw profits slide in the first half of its financial year, with underlying earnings nearly halving as markets normalised following a period of record earnings over recent years.
HanesBrands to sell Champion to Authentic for up to $1.5bn
HanesBrands said on Wednesday that it has agreed to sell its Champion business to Authentic Brands Group for up to $1. 5bn.
SAP to snap up WalkMe in $1.5bn deal
German software giant SAP has agreed to buy WalkMe in a $1. 5bn deal, it was confirmed on Wednesday, sending shares in the Israel-based firm soaring.