Business

French luxury behemoth Louis Vuitton Moet Hennessy Friday said it agreed to buy luxury hotel group Belmond in a deal valuing the company at $3.2 billion.

Airbus on Friday named services boss Philippe Mhun as its next head of programs, succeeding defense and commercial aerospace veteran Didier Evrard who is scheduled to retire.

The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year.

Around $150 millions' worth of oil was stolen from Shell's biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.

Thyssenkrupp on Friday said it would propose to appoint former Bayer finance chief Johannes Dietsch as chief financial officer, continuing to fill numerous vacant jobs that have been left unfilled following months of crisis.

Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world's second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute.