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Wirecard to handle card payments for ALDI supermarket chains

Wirecard, the German payments company, said on Friday it had signed an agreement with supermarket chains ALDI Nord and ALDI Sued to process card...

BMW picks ‘decisive’ new CEO to catch up with rivals

BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge...

GM’s mid-engine Corvettes roar onstage to take on Europeans

General Motors Co (GM.N) unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as...

Asia stocks firm as Fed props up rate cut expectations

Asian stocks advanced on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite...

Exclusive: IEA revising oil demand growth forecast down on slowing economy

The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its...

U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks

U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S....

BMW, Tencent to open computing center in China for self-driving cars

German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing center in China that will help develop...

Asia stocks gain, dollar sags as Fed reinforces rate cut expectations

Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate...

Exclusive: J.C. Penney taps debt restructuring advisers – sources

J.C. Penney Co Inc (JCP.N) has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to...

Icahn launches proxy fight after stalled talks with Occidental CEO

Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum (OXY.N) to win control of four board seats, according to...
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