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Royal Bank of Scotland CEO McEwan resigns after more than five years

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LONDON (Reuters) – Royal Bank of Scotland plc is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout. FILE PHOTO: Royal Bank of Scotland chief executive Ross McEwan is seen outside Downing Street in London, Britain March 20, 2019. Read More

Deutsche Bank and Commerzbank merger talks are expected to fail: source

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FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday. No final decision has been taken, Read More

Panasonic may upgrade Japan plant to make advanced Tesla batteries: source

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FILE PHOTO: Panasonic Corp’s logo is pictured at Panasonic Center in Tokyo, Japan, Feb. 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter Read More

Asian shares slip; German, Korean data hurt risk appetite

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TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a Read More

Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail

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TOKYO (Reuters) – Former Nissan Motor Chairman Carlos Ghosn was set to walk out of a Japanese detention center for a second time since his arrest last year on financial misconduct charges, after posting the $4.5 million bail set by a Tokyo court on Thursday. FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits Read More

Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss

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(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Read More

Japanese court approves Ghosn bail request, sets bail at $4.5 million

5 hours ago NAMEX Comments Off on Japanese court approves Ghosn bail request, sets bail at $4.5 million
FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato TOKYO (Reuters) – A Tokyo court on Thursday approved a bail request from ousted Nissan Motor Co Chairman Carlos Read More

Tesla’s Musk ‘sees merit’ in capital raise, vows profit in Q3 after large loss

7 hours ago NAMEX Comments Off on Tesla’s Musk ‘sees merit’ in capital raise, vows profit in Q3 after large loss
(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, Read More

Thailand set to be Southeast Asia’s hottest IPO market with $5 billion of planned second half floats

7 hours ago NAMEX Comments Off on Thailand set to be Southeast Asia’s hottest IPO market with $5 billion of planned second half floats
BANGKOK/SINGAPORE (Reuters) – Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections. FILE PHOTO: The logo of PTT is pictured Read More

Chipotle beats profit, revenue estimates as online sales surge

7 hours ago NAMEX Comments Off on Chipotle beats profit, revenue estimates as online sales surge
(Reuters) – Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain’s marketing efforts and aggressive investments in online ordering and deliveries attracted more customers. FILE PHOTO: The logo of Chipotle Mexican Grill is seen at the Chipotle Next Kitchen in Manhattan, New York, U.S., June Read More