Business News :

RBS begins global hunt for CEO to replace McEwan

Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signalling a fresh start as it heads for full private ownership after a state bailout.

Comcast beats Wall Street profit estimates, explores NBC-Sky news network

Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by additions of high-speed internet customers in a quarter that painted a mixed picture for the biggest U.S. cable provider.

Global Markets: World stocks slip as growth fears linger; euro slides

The dollar rose on Thursday, hitting the highest in almost two years against the euro on an upbeat U.S. capital goods report, while a gauge of world equity markets slid as weak economic data from South Korea and a profit warning from 3M Co renewed concerns about global growth.

Commerzbank investor pins hopes on new deal as Deutsche Bank talks collapse

The collapse of merger talks between Commerzbank and Deutsche Bank is good news, a top Commerzbank shareholder said on Thursday, betting that the bank will seek an alternative deal with another European rival.

In bail reprise, Ghosn leaves Tokyo jail, agrees to limit contact with wife

Former Nissan Chairman Carlos Ghosn walked out of a Japanese jail for a second time late on Thursday, freed on $4.5 million bail after agreeing to curbs on contacting his wife as he awaits trial on financial misconduct charges.

Goldman, Bank of England and stock exchange targeted by climate activists in London

Environmental activists glued themselves to the London Stock Exchange, blocked roads near the Bank of England and protested outside banks such as Goldman Sachs on Thursday to try to force Britain to help avert what they cast as a climate cataclysm.

JBS to ship Brazil's first chicken cargo to India

Brazilian meat processor JBS SA said its Seara processed foods unit will start selling chicken products to India, as the group explores new markets in a year when poultry is poised to become the most demanded meat protein in the world.

U.S. core capital goods orders strong; weekly jobless claims surge

New orders for U.S.-made capital goods increased by the most in eight months in March, but a drop in shipments suggested business spending on equipment slowed down in the first quarter.

ECB's de Guindos keeps door open to more QE 'if needed'

The European Central Bank is prepared to resume its money-printing programme if needed to boost inflation in the euro zone but so far it has not discussed such an option, its vice-president Luis de Guindos said on Thursday.

BOJ says super-low rates to last another year, giving first timeframe

The Bank of Japan put a time frame on its forward guidance for the first time by telling investors that it would keep interest rates at super-low levels for at least one more year, in a move to dispel any doubt over its commitment to ultra-loose policies.

German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands.

Snap hires McDonald's executive as first marketing head

Snapchat parent Snap Inc on Thursday named McDonald's marketing head Kenny Mitchell as its first chief marketing officer, as the company seeks to attract new users to its platform.

Bombardier shares tank 18 percent after it cuts profit, revenue forecasts

Canada's Bombardier Inc cut its full-year profit and revenue forecasts on Thursday, as its key railcar-making unit wrestled with delivery delays and manufacturing challenges relating to a few large projects, sending its shares plummeting more than 18 percent in early trading.

Brent oil hits $75 for first time in 2019 as Russian exports cut

Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.

3M to cut 2,000 jobs globally, lowers 2019 profit outlook

U.S. manufacturing conglomerate 3M Co on Thursday said it would lay off 2,000 workers globally as it reported a widely lower-than-expected quarterly profit and cut its 2019 earnings forecast due to worsening performance in key markets.

Nasdaq hits record high at open on strong tech earnings; 3M weighs on Dow

The tech-heavy Nasdaq index hit a fresh record at the open on Thursday after strong results from Facebook and Microsoft, while a slump in industrial conglomerate 3M weighed on the Dow and limited gains on the S&P.

Asia Rice: Vietnam rates gain on fears Mekong water woes may hurt crops

Rice export prices in Vietnam rose for the first time in six weeks as domestic buying picked up and fears of water scarcity in the country's rice bowl grew, while weaker local currencies weighed on rates in other top Asian exporting hubs.

Indian farm group finds traces of unapproved GM aubergines

A crop survey has shown an Indian farmer has planted his field with an unapproved variety of genetically modified (GM) aubergines, an environmental voluntary group said on Thursday.

Explainer: With merger blocked, what happens to Sainsbury's and Asda?

Britain's competition regulator on Thursday blocked Sainsbury's 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda, saying it would have resulted in higher prices for shoppers.

Less to lose: Germany's poorer East embraces tech revolution

From the 12th floor of Jenoptik's headquarters, chief executive Stefan Traeger points to his laser factory and the university that provides it with talent. Welcome to "Optics Valley" - a role model for Germany's East in a big year for the region.