FRANKFURT/HONG KONG (Reuters) - Deutsche Bank has agreed to sell its entire 20 percent stake in Beijing-based Hua Xia Bank to Chinese insurer PICC Property and Casualty Co - a deal worth up to $4 billion that will help lift its capital ratios.
FRANKFURT (Reuters) - Adidas is not facing pressure from activist shareholders to offload more assets, like fitness brand Reebok, the German sporting goods group's finance chief told the Financial Times.
BEIJING (Reuters) - Activity in China's manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll showed, likely consigning the world's second-largest economy to its slowest annual growth in a quarter of a century.
(Reuters) - Pep Boys-Manny Moe & Jack said its board determined activist investor Carl Icahn's latest buyout offer was superior to the deal it accepted from Bridgestone Corp , and the U.S. auto parts retailer moved to terminate the Bridgestone agreement.
SINGAPORE (Reuters) - Crude oil futures came under renewed pressure early on Tuesday as fears of slowing demand added to near-record global production levels, which have already slashed prices by two-thirds since the middle of last year.
(Reuters) - JPMorgan Chase & Co will begin raising deposit rates for some of its biggest clients in January, the Wall Street Journal reported, citing a person familiar with the matter.
TOKYO (Reuters) - Toshiba Corp , reeling from a $1.3 billion accounting scandal, said it intends to ask for a new 300 billion yen ($2.49 billion) credit line by the end of January to fund a large-scale restructuring.
TOKYO (Reuters) - Asian stocks were subdued on Tuesday, with Japanese and South Korean equities slipping, after crude oil prices resumed their slide and cooled investor sentiment.
NEW YORK (Reuters) - Valeant Pharmaceuticals International Inc on Monday said a group of company executives will immediately take over for its chief executive officer until he returns from medical leave, news that sent its shares tumbling 10 percent.
(Reuters) - Activist investor Carl Icahn trumped Japanese tire maker Bridgestone Corp's latest offer for Pep Boys-Manny Moe & Jack by $1.50 per share, as the bidding war for the U.S. auto parts retailer continues.