FRANKFURT, Dec 10 — Daimler Truck launched on the Frankfurt Stock Exchange today after the heavy-goods operation was spun off from its holding group, soon to be renamed as Mercedes-Benz.
The stock market entry was the “starting line” said Daimler Truck CEO Martin Daum in a statement, adding the new group would use its independence to target “more success in the future”. The reorganisation was carried out with an eye to taking on the different technological challenges by the two companies as the auto sector moves away from combustion engines.
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Tokyo stocks open lower ahead of US CPI | Malay MailTOKYO, Dec 10 ― Tokyo stocks opened lower today after US shares snapped a three-day rally and investors awaited a key US inflation report due later in the day. The benchmark Nikkei 225 index was down 0.50 per cent or 144.70 points at 28,580.77 in early trade, while the broader Topix index slipped...
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Italy fines Amazon record US$1.3b for abuse of market dominance | Malay MailMILAN, Dec 9 — Italy’s antitrust watchdog said today it had fined Amazon €1.13 billion (US$1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a US tech giant in Europe. Amazon said it “strongly disagreed” with the Italian regulator’s decision...
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