European governments must step up efforts to overhaul their economies, ECB President Mario Draghi said, calling on economic flexibility to be “part of our common DNA” in the euro bloc.
Chinese brokerage firm Huatai Securities has raised US$4.5 billion in the world’s second-largest IPO so far this year.
Richemont is among luxury companies battling large currency swings and weakening demand in key markets such as Hong Kong.
China’s stocks rallied for a fourth day to their strongest level in seven years, while Japan’s red-hot market rallied anew as the nation’s central bank kept its policy on hold.
The German lender’s shareholders have criticized the pace of its cultural overhaul.
On the day Li Hejun lost roughly US$14 billion, he was skipping his company’s annual meeting to attend what it said was a clean-energy exhibition in Beijing.
Uber Technologies is seeking a $1 billion credit line from banks, people familiar with the matter said.
The co-chief executive has been given more power to lead the German bank’s strategy. His chairman should only give him a year to show real results.
Uber Technologies is seeking a $1 billion credit line from investment banks, people familiar with the matter said.
CVS’s $10.4 billion deal for Omnicare allows the pharmacy to expand into the growing senior market