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Fresenius Appoints Stephan Sturm As CEO; Confirms 2016 Guidance

BAD HOMBURG VOR DER HOEHE (dpa-AFX) - Healthcare company Fresenius SE (FSNUF.PK, FSNPF.PK) said Sunday that its Supervisory Board appointed Stephan Sturm (52) as Chief Executive Officer as of July 1, 2016. Stephan Sturm succeeds Ulf Mark Schneider (50), who has decided to leave the company effective June 30, 2016 to pursue another opportunity. Fresenius [...]

Continued Consolidation Called For China Shares

BEIJING (dpa-AFX) - The China stock market has moved lower in two straight sessions, sliding more than 50 points or 1.6 percent along the way. The Shanghai Composite Index settled just beneath the 2,855-point plateau, and the market figures to open lower again on Monday. The global forecast for the Asian markets suggests continued and extreme volatility [...]

DGAP-Adhoc: Fresenius SE & Co. KGaA: Fresenius appoints Stephan Sturm as new Chief Executive Officer - Ulf Mark Schneider leaves the company to pursue another opportunity (english)

Fresenius SE & Co. KGaA: Fresenius appoints Stephan Sturm as new Chief Executive Officer - Ulf Mark Schneider leaves the company to pursue another opportunity Fresenius SE & Co. KGaA / Key word(s): Change of Personnel 26.06.2016 19:30 Dissemination of an Ad hoc announcement according to 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The [...]

UK's Commissioner Lord Hill To Resign From European Commission

VIENNA (dpa-AFX) - European Commission announced Lord Hill, responsible for Financial Stability, Financial Services and the Capital Markets Union, has informed his decision to resign as European Commissioner. Valdis Dombrovskis, Vice-President responsible for the Euro and Social Dialogue, will take over the portfolio for Financial Stability, Financial Services [...]

Acer, Starbreeze Boards Approve Agreement To Form JV For StarVR

VIENNA (dpa-AFX) - Acer Inc. (ACID.L) and Starbreeze AB announced their Board have approved the establishment of a joint venture provisionally named Acer Starbreeze Corporation, for design, manufacturing, promotion, marketing and sales of the StarVR Virtual Reality Head-Mounted Display. The new company is expected to be incorporated in Taiwan in the third [...]

Treasuries Rebound Strongly In Reaction To Brexit Vote

WASHINGTON (dpa-AFX) - After trending lower over the past few sessions, treasuries showed a substantial move back to the upside during trading on Friday. Bond prices moved sharply higher in early trading and remained firmly positive throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, plunged [...]

Crude Oil Plunges Almost 5% In Brexit Tantrum

WASHINGTON (dpa-AFX) - Crude oil prices plunged Friday amid demand concerns as the UK voted to leave the European Union. Global stocks were battered, with the worst bludgeoning in Europe and England. Losses have accelerated after a brutal open, pushing the major stock-market indexes to the lowest levels of the day. August WTI oil settled at $47.64/bbl [...]

Dollar Soars Against Pound Sterling After Brexit Vote

WASHINGTON (dpa-AFX) - The dollar is up sharply against its major European rivals Friday afternoon, but is losing ground against the Japanese Yen. The British pound plunged to a 31-year low after Thursday's referendum unexpectedly resulted in a British exit from the European Union. The result stunned global markets, as recent polls had showed increased support [...]

Delta Pilots Picketing Numerous Airports

ATLANTA (dpa-AFX) - Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots group and the airline have been ongoing [...]

Gold Rockets To 2-year Highs In Brexit Panic

WASHINGTON (dpa-AFX) - Gold prices stormed higher Friday, surging to 2-year highs as traders flocked to the safety of the precious metal. The UK's surprise vote to leave the European Union has sent shockwaves through the global markets. Analysts now expect the Federal Reserve to delay raising interest rates in the U.S. until next year. Some are even [...]
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