Business

China’s HNA Group trims stake in Deutsche Bank

The aviation-to-financial services conglomerate is actually suffering financial strain following a $50 billion acquisition spree over the past two years, which has sparked regulatory scrutiny of its opaque ownership as well as use of leverage. A message to an HNA spokesman seeking comment was not immediately answered. The Financial Times first reported the stake sale, noting which HNA had initially ...

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Siemens CEO defends praising Trump for US tax overhaul

TF-Images | TF-Images via Getty Images CEO Joe Kaeser gestures during the annual results press conference on November 9, 2017 in Munich, Germany. The International Monetary Fund (IMF) upwardly revised its global growth forecasts for 2018 in addition to 2019 last month, saying the amendments were partly down to the recently approved overhaul of the U.S. tax system. However, critics ...

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Elon Musk in addition to SpaceX are ‘adding energy to the space market,’ Boeing CEO says

Boeing can be undeterred by all the buzz around SpaceX in addition to its founder Elon Musk, which launched its Falcon Heavy rocket into history last week. “They’re adding energy to the space market in addition to we like the attention in which in which’s generating,” Boeing CEO Dennis Muilenburg told CNBC’s “Squawk on the Street.” “I think the item’s ...

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January’s lousy retail sales are ‘Poppycock’: former Hudson’s Bay CEO

January’s disappointing retail sales shouldn’t worry retailers, said Jerry Storch, former chief executive officer along with board member of Canadian retail company Hudson’s Bay. “January just doesn’t matter,” Storch told CNBC on “Power Lunch” Thursday. Storch, who has also been chairman along with CEO of Toys “R” Us along with vice president of the Target said retail sales almost always ...

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oil as well as gas sector recovery ‘not yet certain’

The risk in which banks face within the oil as well as gas sector can be currently “contained,” nevertheless the outlook for the segment remains far through certain, according to the CEO of Singapore’s oldest bank. OCBC’s Samuel Tsien said in which rising oil as well as gas prices indicate a more optimistic picture for the market, nevertheless banks would ...

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Standard Life Aberdeen hit as biggest client Lloyds pulls plug

Simon Dawson | Bloomberg | Getty Images A Standard Life logo sits on a wall outside Standard Life House, the headquarters of Standard Life Plc, in Edinburgh, U.K., on Saturday, Aug. 9, 2014. Standard Life Aberdeen said on Thursday the item had been served notice on a 109 billion pound ($153 billion) asset management deal by its biggest client, Lloyds ...

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The cheapest — in addition to also most expensive — countries to mine bitcoin

in addition to also Venezuela President Nicolas Maduro is actually banking on a cryptocurrency called “petro,” backed by the country’s oil, gas, gold in addition to also diamond reserves, as a way to get around U.S. sanctions. Mining digital currency uses up a lot of electricity, as miners utilize huge rigs of computers for the process. However, in return for ...

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Halliburton says sand delivery delays to reduce first-quarter earnings per share by 10 cents

U.S. oilfield services company Halliburton’s first-quarter earnings will be reduced by 10 cents per share due to delays in deliveries of sand used in fracking, Chief Financial Officer Christopher Weber said on Thursday. Halliburton’s shares fell 2.5 percent after Weber’s comments during a webcast presentation at the Credit Suisse Energy Summit. Shale drillers blast sand in addition to water into ...

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Aerospace viewed as area for ‘long-term sustained growth’

Boeing shares have rallied more than 100 percent from the past 12 months along with also also CEO Dennis Muilenburg told CNBC on Thursday he isn’t surprised. “What you see at This kind of point can be the market responding to a fundamentally very strong airplane market,” Muilenburg said on “Squawk on the Street.” Boeing also has been able to ...

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