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Bill Winters, the target of the biggest shareholder mutiny at a large British bank in five years, is taking the fight back to his detractors. The Standard Chartered Plc chief executive officer looks in no mood to throw in the towel on his promise to achieve a double-digit return on tangible equity by 2021. In a world that’s slipping back ...

The automotive M&A carousel is taking another turn, with Peugeot SA and Fiat Chrysler Automobiles NV hopping aboard this time. The two companies confirmed on October 30 that they are in talks about a potential merger that would create a $47 billion auto giant. This comes just a few months after Fiat abandoned talks to merge with Peugeot’s French rival ...

India, not long ago the world’s fastest-growing major economy, is struggling. Growth has plummeted to 5% — well below potential and not nearly enough to employ the millions of young Indians entering the workforce every year. Lending has slowed to a trickle, as has consumer demand. Voices across the political spectrum say the last thing the country can afford now ...

The Open Skies Treaty of 1992 isn’t a major arms-control agreement. But the Donald Trump administration’s reported intention to exit it is, in a way, a more troubling sign than its withdrawal from the Intermediate-Range Nuclear Treaty last year. If the US abandons the pact, it and Russia will be blind to each other’s military deployments, giving paranoid generals a ...

Sony Corp. just raised its full-year profit forecasts by single digits. That looks like good news, but it’s not. It’s the lowest mid-year update for the Japanese electronics giant since at least 2016, and there could be more to come throughout the sector. Operating income for the year to March 31 will be 4% higher than its July estimate at ...

If the owners of Britain’s Daily Telegraph are serious about wanting to sell the publication for a price similar to what they paid for it 15 years ago then they’ll need to make a very convincing argument that it’s a perfect megaphone to influence British politics, especially at this crucial time in the country’s history. No serious media investor is ...

Bloomberg After weeks of hand-wringing over its fate, the flagship location of Barneys New York Inc will stay open for at least another year, albeit with a new format. The store will morph into a “pop-up retail experience” including boutiques, art and other cultural events, according to a statement from its new owner, Authentic Brands Group LLC. But the centre ...

Bloomberg Delta Air Lines Inc may pull out of bidding for Alitalia SpA, complicating efforts to rescue the bankrupt Italian carrier, Corriere della Sera reported, citing unidentified people familiar. The Atlanta-based firm doesn’t want to take part in a bidding game and might tell Alitalia’s administrators that its offer to inject about 100 million euros ($112 million) is final, Corriere ...

Bloomberg British Airways owner IAG SA reported a drop in third-quarter earnings after the UK carrier’s first pilot strike since 1979 disrupted flights and held back sales. The airline group, which also includes Spain’s Iberia and Aer Lingus of Ireland, had an adjusted operating profit of $1.6 billion, according to a statement, down 7% compared with 2018 on a pro ...

Bloomberg Airbus won an order from VietJet Aviation for 20 of A320neo narrow-body jets as the Asian carrier waits on deliveries of Boeing’s grounded 737 Max. The deal is for the new A321XLR extra-long-range version of Airbus’s work-horse plane, VietJet said, adding that it will become one of the first airlines in the world to receive a model unveiled at ...