The heirs of late Czech billionaire Petr Kellner acquired full ownership of the richest family office in the European Union’s eastern wing, buying out two minority owners who helped build a business empire with €40 billion ($43 billion) in assets.
Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, said global stocks could drop as much as 10% in the second half if the economy surprises negatively.
(Bloomberg) — European countries need to do more to protect consumers and businesses to prevent a rise in populism, according to France’s Minister for European Affairs Laurence Boone.
Morgan Stanley thinks the latest economic figures mean the European Central Bank will not hike interest rates any further.
When you look at the charts, “everything is down.”
Jose De Hoyos is recruiting in the oil patch. He got his start meeting workers in Pennsylvania’s Marcellus shale basin. This month, you’ll find him glad-handing in Odessa, Texas.
Italy’s factories have started to cut their workforce as the country’s manufacturing recession shows no sign of a let-up in the wake of a worse-than-estimated quarter for the economy as a whole.
Vedanta Resources Ltd. is considering appointing former Gold Fields Ltd. boss and Anglo American Plc executive Chris Griffith as head of its African base metals business, according to people familiar with the matter.
Huawei Technologies Co.’s latest smartphone clearly demonstrates wireless speeds akin to Apple Inc.’s latest iPhones in numerous tests, as more details emerge about a gadget labeled a Chinese breakthrough despite US tech sanctions.
An Ethiopian Airlines flight risked a rare landing during a super typhoon, becoming the only plane to touch down at Hong Kong airport on Friday evening as strong winds buffeted the city.
