Business articles

Deutsche Bank unit sentenced in US Libor manipulation

A US court imposed a sentence on a Deutsche Bank unit Tuesday for its role in an interest rate rigging scheme, two years after the bank reached a $2.5 billion settlement with British and US authorities.

Lafarge loses Paris ‘beach’ deal over support for Trump wall

The city of Paris on Tuesday dumped French-Swiss group LafargeHolcim as supplier of sand for the makeshift “Paris Plages” beach over the company’s readiness to supply cement for US President Donald Trump’s controversial border wall.

Activist targets GM share structure, board

Investor David Einhorn unveiled Tuesday a proposal Tuesday to try to boost General Motors share price by creating two classes of stock, signaling a possible battle at the carmaker’s annual meeting.

Hong Kong ends Brazil meat ban: Brasilia

Major beef market Hong Kong Tuesday ended a blanket ban imposed on Brazilian meat imports in a scandal over tainted products, Brazil’s government said.

EU to block LSE-Deutsche Boerse merger: sources

The EU will reject as early as Wednesday the blockbuster merger of the London Stock Exchange with Germany’s Deutsche Boerse that was caught up by the fallout from Brexit, sources said.