Deutsche Bank DBKGn.DE Chief Executive Officer Christian Sewing said on Monday that the German lender will focus on the bank's restructuring over the next year rather than on mergers. The…
Category: Business
Creditors of parent of BMW’s Chinese JV partner apply for company restructuring
China's Huachen Automotive Group, parent of BMW's BMWG.DE China joint venture partner Brilliance Automotive Holdings 1114.HK, said Monday that its creditors had applied to a Chinese court to restructure the…
China state enterprises facing debt problems
Chinese banks and fund managers dumped their holdings of riskier bonds last week after a series of credit shocks involving state-owned enterprises (SOEs) jolted China’s corporate bond market. Below is…
China’s Huachen Automotive Group says creditors applied for company restructuring
China’s Huachen Automotive Group said Monday that its creditors had applied to a Chinese court to restructure the company. Huachen, the parent of Brilliance Automotive Holdings, the Chinese joint venture…
Investors tell European firms to reveal ‘missing’ climate costs in their accounts
Investors are pushing major European companies to make sure the “missing” costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars…
Abu Dhabi’s Etihad to start direct flights to Israel next year
Abu Dhabi’s Etihad Airways said on Monday it would start daily flights to Tel Aviv in March after the United Arab Emirates and Israel’s established formal ties this year. Flight…
PNC to buy BBVA’s U.S. banking arm for $11.6 billion in cash
PNC Financial Services Group Inc PNC.N said on Monday it would buy the U.S. business of Spanish lender BBVA BBVA.MC for $11.6 billion in cash, further consolidating the U.S. banking…