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- Asian shares slip; German, Korean data hurt risk appetiteAsian shares slipped to three-week lows 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.
- Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sourcesFrench luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday.
- Royal Bank of Scotland CEO Ross McEwan resignsRoyal Bank of Scotland plc said on Thursday that Chief Executive Ross McEwan has resigned from his role, signaling a refresh of leadership and direction at the state-backed lender as it continues its journey to full private ownership.
- Swedbank admits to shortcomings in anti-money laundering stepsSwedbank posted an estimate-beating first-quarter profit on Thursday, but the Swedish bank admitted to previous shortcomings in combating money laundering and said it was cooperating with investigating authorities.
- Bayer's profit gets boost from Monsanto but legal burden mountsGerman drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the legal burden it took on with the deal increased.
- Nokia reports surprise first quarter loss, sees pressure in second halfFinnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business.
- PSA quarterly revenue declines as sales collapse in Iran and ChinaFrench carmaker PSA Group said first-quarter revenue fell 1.1 percent, as sales continued to decline in China and were also impacted by the Peugeot maker's withdrawal from Iran.
- Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bailFormer 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.
- Panasonic may upgrade Japan plant to make advanced Tesla batteries: sourcePanasonic 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 told Reuters on Thursday.
- SoftBank invests $125 million in Alphabet venture to put cellphone antennas in the skyA SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing $125 million in an Alphabet Inc spinoff working on the same problem.
- Retirement contribution limits will rise in 2019Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019.