Peter Schwarzenbauer may not be a familiar name to many in British business, but he was the man that I really wanted to interview in Geneva. Mr Schwarzenbauer sits on the main board of BMW, in charge of a portfolio of products – the motorbike division but also, crucially, both Rolls-Royce and Mini cars. Which […]

For decades, Goldman Sachs’s bankers have flown across the world pitching prospective clients and drawing up multibillion-dollar deals in expensive suits, ties and pantsuits. Those deal makers can now plan on dressing down — at least a little bit. Goldman Sachs told its employees on Tuesday that it planned to relax its dress code. In […]

BEIJING/SHANGHAI (Reuters) – Tesla’s upcoming vehicle assembly facility in Shanghai is expected to be completed in May this year, a Shanghai city government official said on Wednesday. Chen Mingbo made the comments on the sidelines of an annual parliamentary meeting in Beijing. He said the facility expects to start up production on some of its […]

WARREN BUFFETT’S Berkshire Hathaway is setting up a new insurance hub in Dublin. Berkshire Hathaway European Insurance (BHEI) has received Central Bank approval to operate here and across the European Economic Area (EEA) – which includes the EU and a number of other countries, such as Norway and Iceland. The insurance company is relocating from […]

Irish company Integumen, listed on AIM in London, has developed a cannabis-infused skin cream that reduces bacterial growth by 99pc according to preliminary tests. The company, chaired by Venn Life Sciences boss Tony Richardson, made a version of its ‘Stoer’ cream containing cannabinoid oils (CBD). CBD is a chemical compound found in cannabis, seen as […]

A SURGE in the supply of corporate debt in the riskiest investment-grade category may leave markets vulnerable to a rout if economic weakness triggers bouts of rating downgrades, according to the Bank for International Settlements. The BIS is the central bankers’ central bank and provides policy advice as well as acting as a forum for […]

Nasdaq-listed Cognizant has acquired Meritsoft, an Irish financial software company that automates processing of taxes, fees, commissions, and cash flow functions between financial institutions in what’s been hailed as a successful venture capital exit by backers. Meritsoft was founded in 2001 by Galway brothers Kerril and Paul Burke, who were shortlisted for EY’s Entrepreneur of […]

JAKARTA (BLOOMBERG) – Indonesia’s state-run PT Bank Mandiri is exploring a takeover of PT Bank Permata, the rival lender backed by Standard Chartered Plc, people with knowledge of the matter said. Mandiri is working with Morgan Stanley on the potential deal, according to the people, who asked not to be identified because the information is […]

(Reuters) – Wall Street’s main indexes dipped in a choppy session on Tuesday as a drop in General Electric shares countered positive retailer earnings and investors eyed a key resistance level for the benchmark S&P 500 after the market’s strong run. Concerns over U.S.-China trade relations also hovered, as U.S. Secretary of State Mike Pompeo […]

(Reuters) – Tesla Inc’s largest shareholder expressed its support for Chief Executive Officer Elon Musk, but acknowledged that it was open to a different role for the electric carmaker’s founder and CEO, Barron’s reported on Tuesday. “We wouldn’t be against him having a different role,” James Anderson, head of global equities for Baillie Gifford & […]