International Companies
BASF shares tumble after it warns on full-year profits
German chemicals giant BASF has slashed its guidance for annual profits by as much as 30%, after industrial production was stalled by the slowing global economy and the increasingly bitter US-Sino trade war.
Nintendo confirms partial switch of production out of China
Nintendo is to move part of the production of its bestselling Switch gaming console away from China, it emerged on Tuesday.
Shares in Rémy Cointreau fall as chief executive announces departure
The chief executive of Rémy Cointreau has resigned, the French drinks group confirmed on Tuesday.
Lidl UK expansion plans ramp up with Scottish push
Lidl is stepping up its UK expansion plans with 12 new stores in Scotland, the German discounter announced on Monday.
Deutsche Bank begins revamp, slashes 18,000 jobs
German lender Deutsche Bank started its largest and most radical revamp in more than 20 years at a cost of $7. 4bn and 18,000 jobs.
BMW CEO Harold Krueger stepping down
German car maker BMW said on Friday that chief executive officer Harold Krueger is stepping down after more than four years in the job.
Andrea Orcel sues Santander for $113.0m after CEO offer rescinded
The former head of UBS's investment banking unit, Andrea Orcel, filed a $113. 0m lawsuit against Santander after it walked back on its agreement to name him as its new chief executive officer.
CBRE to buy Telford Homes for £267.4m
US real estate company CBRE Group has agreed to buy Telford Homes in a deal that values the UK property group at £267. 4m.
Saudi Aramco's mammoth IPO back on table - reports
Saudi Aramco, the world’s most profitable oil company, is once again considering a possible flotation, just months after its previous plans were shelved.
US proposes extra tariffs on EU goods over Airbus-Boeing spat
The US decided to add more goods from the European Union to a list of imports that could be hit with retaliatory tariffs as part of its long-running dispute with Airbus over alleged government subsidies.
AB InBev to raise $9.8bn in world's largest IPO - reports
Brewing giant Anheuser-Busch InBev is looking to raise nearly $10bn by floating a minority stake in its Asia-Pacific business, in what would be the world’s largest initial public offering so far this year.
Office owner confirms restructuring of £45m debt pile
The owner of shoes chain Office, Truworths International, confirmed on Tuesday that it will restructure its £45m debt pile, possibly leading to the closure of 100 stores in the UK.
L'Oreal in talks to buy Mugler, Azzaro from Clarins
L'Oreal confirmed on Tuesday that it has entered into exclusive negotiations with the Clarins Group about the potential acquisition of perfume brands Mugler and Azzaro.
Apple shares poised to surge if trade war ends - Wedbush
Shares in Apple could rise by as much as $25 if talks to end the bitter trade war between the US and China prove successful, Wedbush Securities believes.
Applied Materials to buy Japan's Kokusai Electric for $2.2bn
Chip-making equipment supplier Applied Materials has agreed to buy Japan's Kokusai Electric from investment firm KKR for $2. 2bn in cash.
Brussels launches probe into Spanish aid for Peugeot
The European Commission will investigate if Spain broke state aid rules with a €21m grant awarded to French car giant Peugeot.
Deutsche Bank to lay off as many as 20,000 people
Deutsche Bank could slash as many as 20,000 jobs in its biggest revamp in years, Bloomberg reported on Monday.