Midday Corporate Dispatch – Financial and Corporate News
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Good afternoon
These are the main finance and corporate news from around the world.
Nissan Motor and Renault are poised to resolve a standoff about changes to Nissan’s corporate governance ahead of the Japanese car maker’s shareholder meeting next week. – Via WSJ
British factory orders slid in June against a backdrop of stoppages in car production following uncertainty about when Britain will leave the European Union, the CBI’s monthly industrial trends survey showed on Wednesday. – via Reuters
The European Central Bank’s (ECB) vice president said another large bond-buying program could be an option if inflation in the region doesn’t reach its intended target. – VIA CNBC
Swedbank elected former Swedish Prime Minister Goran Persson as chairman on Wednesday as the bank scrambles to regain confidence from both markets and the public after a major money-laundering scandal. – Via Euronews
The European Union’s second highest court ruled on Wednesday that Adidas’s three-stripe branding was invalid as a trademark as it lacked a distinctive character. – CD
US president Donald Trump has accused Mario Draghi of “unfairly” manipulating the euro, after the European Central Bank president made dovish comments that sent government bond prices sharply higher and pushed down the single currency. – Via FT
Pound slides as no-deal Brexit chances rise under Boris Johnson. The Sterling has lost nearly 5 per cent of its value against the dollar since the start of May — a sharp contrast to other major currencies like the euro that have held firm against the dollar on strong expectations that the US will cut interest rates. – Via FT
Businesses in Hong Kong may be moving out amid political uncertainty and massive protests in the city, members of the business community say. – Via CNBC
China said on Wednesday positive outcomes were possible in trade negotiations with the United States, after the presidents of the world’s two largest economies agreed to revive their troubled talks at a G20 meeting this month. – Via Reuters
Israel’s Foresight Autonomous Holdings signed an agreement with a subsidiary of Elbit Systems for exclusive marketing of its image processing software for the defence, paramilitary and homeland security markets. – Via Euronews
