Business

Carrefour halves dividend

Carrefour (CARR.PA), Europe’s largest retailer, said on Monday it was halving its 2019 dividend to 0.23 euros per share and that CEO Alexandre Bompard would waive 25% of his fixed salary for a period of two months due to the coronavirus outbreak. Bompard has also proposed freezing the fixed salaries of all group executive committee […]

Business

Brazil set to start QE cautiously but may need to bring out ‘bazooka’

Brazil appears set to embark cautiously on unconventional monetary policy using small interventions to tackle dysfunction in bond markets, as it does with foreign exchange, but the severity of the crisis may ultimately force it to emulate the dramatic steps taken in the United States and Europe. Congress is debating a bill to grant the […]

Business

Bridgestone to suspend 11 Japanese plants during late April-early May

Japanese tyremaker Bridgestone Corp (5108.T) said on Monday it will suspend operations at its 11 domestic plants, including 8 tyre factories, from late April to early May to cope with dwindling demand due to the coronavirus pandemic. The world’s biggest tyremaker will shut the 8 tyre plants between April 29 and May 8, including its […]

Business

China’s top brokerage hires Vanguard ex-Asia boss for global drive

China’s Citic Securities Co. (600030.SS), (6030.HK) has hired Charles Lin, the former Asia head of Vanguard Group, to be vice chairman of Hong Kong unit CLSA, as the biggest Chinese securities company seeks to build up an international presence. Chinese companies are ramping up efforts to compete with global counterparts, such as Goldman Sachs and […]

Business

Germany to grant rescue liquidity for carrier Condor

Germany has agreed in principle to support struggling carrier Condor with emergency liquidity after the owner of Poland’s national airline LOT pulled out of a deal to buy the airline, two people close to the matter said on Monday. Condor is a former unit of Thomas Cook, the holiday company that collapsed in September. With […]

Business

Danske Bank board proposes no dividends be paid for 2019

Danske Bank’s (DANSKE.CO) board of director will propose that no dividends be paid for 2019, it said in a statement on Monday. The proposal about the 2019 dividend to be made at the next general meeting would not change Danske Bank’s general dividend policy, it said. The board had originally proposed to pay a dividend […]

Business

New Aston Martin boss says focus on SUV launch, restarting factories

Aston Martin’s (AML.L) immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, the luxury carmaker’s new boss, Formula 1 team owner Lawrence Stroll, said on Monday. The Canadian businessman has just taken charge of the British firm after taking a personal stake as the head of a consortium […]