By Tom Sims FRANKFURT (Reuters) – Deutsche Bank’s new retail boss wants to get cyber-savvy youth into bank branches and put the bank at the heart of communities, a bold vision in an industry struggling to balance technology with a brick-and-mortar presence. For years, banks in Europe, including Deutsche, have been slashing branch networks to…
(Reuters) -VF Corp on Tuesday appointed former Logitech boss Bracken Darrell as its new CEO, at a time when the footwear and apparel maker is struggling with sluggish demand for its Vans sneakers and Timberland boots. Darrell stepped down as head of computer accessories maker Logitech International after a 10-year stint last week, and will…
(Reuters) -Carlyle Group Inc named company veteran John Redett as its new chief financial officer, the investment firm said on Tuesday, in the first major appointment under Chief Executive Officer Harvey Schwartz’s leadership. Redett, who will take over from Curt Buser on Oct. 1, joined Carlyle 16 years ago and currently leads the firm’s global…
By Joanna Plucinska and Valerie Insinna PARIS (Reuters) -Ukraine is in negotiations with Western arms manufacturers to boost production of weapons, including drones, and could sign contracts in coming months, a Ukrainian minister told Reuters. Since Russia’s invasion of Ukraine last year Ukraine has been scrambling to secure weapons ranging from munitions to rocket launchers…
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.25% for a second straight meeting on Thursday and the remainder of the year as price pressures ease, a Reuters poll of economists found. Inflation has steadily decreased from a 14-year peak in January and…
KYIV (Reuters) – Philip Morris International Inc will launch a new $30 million production facility in the Lviv region in western Ukraine in the first quarter of next year, the company said on Tuesday. It said the facility would create 250 jobs. “This investment reflects our commitment as Ukraine’s long-term economic partner,” Maksym Barabash, Chief…
By Andrew Mills and Maha El Dahan DOHA (Reuters) -Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead in the race to secure gas supplies from Doha’s massive production expansion project. China National Petroleum Corporation (CNPC) and QatarEnergy signed a…
(Reuters) -Energy company NiSource said on Tuesday it would sell a minority stake in its unit, NIPSCO, for $2.15 billion to asset manager Blackstone’s infrastructure unit. The transaction will help Nisource cut debt and fund its transition towards renewable energy, the company said. NIPSCO is an integrated electric- and gas-distribution unit that operates in Indiana…
(Reuters) – Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp, outlined plans on Tuesday for a deepened push into battery development, steps to cut the cost of new electric vehicles and a restructuring of its China operations. Here are some of the highlights from Hyundai’s investor day presentation: CHINA…
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St looks set to return from the ‘Juneteenth’ holiday in a slightly more cautious mood as hawkish European policymakers contrast with another interest rate cut in China and as U.S. housing dominates the data slate. Both the S&P500 and Nasdaq…
