Thursday, 11 April 2019

Reuters Before the Bell: Commerzbank chairman dismisses 'irresponsible' reports of dissatisfaction with CEO

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Thursday, April 11, 2019
Commerzbank chairman dismisses 'irresponsible' reports of dissatisfaction with CEO
Commerzbank's supervisory board chairman on Thursday dismissed reports of board dissatisfaction with its chief executive as irresponsible and unfounded.
Russian investigators call for U.S. investor to be let out of jail
Russian investigators have asked a court in Moscow to free detained U.S. investor Michael Calvey from custody at a hearing later this week and to place him under house arrest instead, the court said on Wednesday.
Volkswagen eyes big stake in China partner JAC, taps Goldman: sources
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
China's JAC says it has not held talks with Volkswagen
JAC Motors said on Thursday it had not held talks with Volkswagen AG, after Reuters reported that the German auto giant was interested in taking a stake in its Chinese electric vehicle joint venture partner.
Exclusive: Chevron, investor reach deal on Myanmar shareholder resolution
Chevron Corp will put a focus on human rights in Myanmar under an agreement with an investor group that had urged it to pay more attention to violence in the Asian nation where the U.S. oil company has operations.
Washington to decide on Repsol's Venezuela activity: U.S. envoy
The United States will make a decision about Spanish oil company Repsol's activity in Venezuela in coming days, U.S. Venezuela envoy Elliott Abrams said on Thursday.
ASML falls victim to Chinese corporate espionage
Dutch ASML was the victim of Chinese corporate espionage a few years ago, but said the information stolen was not a blueprint for the lithography machines that have made it a world leader in semiconductor equipment.
Oil prices slip as U.S. stocks surge, but global market tightens
Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC-led cuts and freefalling Venezuelan output tightened global supplies.
How to say the 'R-word': bank executives grapple with recession talk
Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their thinking told Reuters.
Exclusive: Ghosn, suffering from kidney failure, was arrested illegally - defense document
Carlos Ghosn's "illegal" arrest has interrupted his care for chronic kidney failure, which the former Nissan Motor boss suffers from as a result of treatment for high cholesterol, his defense said in documents seen by Reuters on Thursday.
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