UniCredit is working with strategic advisers Goldman Sachs and JPMorgan, three people close to the matter said, as it prepares to update its business plan next year and weighs a…
Category: Business
Commerzbank reshuffle continues with new head of corporate business
Commerzbank appointed a new board member to oversee the German lender’s corporate business on Friday after his predecessor left over differences about the division’s future, the bank said on Friday.…
Stocks at record high but yields fall, dollar under pressure
Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall…
Oil prices post weekly gain ahead of OPEC+ meeting
Oil prices were mixed on Friday but posted a fourth straight week of gains ahead of an OPEC+ meeting early next week. Brent crude January futures rose 38 cents to…
Airbus re-sells six unwanted jets built for AirAsia
Airbus has found buyers for six aircraft from the A320neo family rejected by one of its main customers, Malaysia’s AirAsia, as it works off a surplus left by the coronavirus…
GM plans to seek banking charter for auto-lending business: WSJ
General Motors Co is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto-finance business, the Wall Street Journal reported…
Hyundai, Kia agree to $210 million U.S. auto safety civil penalty
Hyundai Motor Co and Kia Motors’ U.S. units on Friday agreed to a record $210 million civil penalty after U.S. auto safety regulators said they failed to recall 1.6 million…