When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished.
HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of a wider strategy overhaul, people with knowledge of the matter told Reuters.
Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting coronavirus death toll and policymakers' concerns for the disease's economic impact.
Qatar Airways is in talks to buy a 49% stake in Africa's RwandAir, and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday.
German engineering company Siemens , hit by a global slowdown in power and gas and among industrial customers, said on Wednesday it missed forecasts for first-quarter sales and profit in what its chief executive called a "slow start to the year".
Donald Trump loves to trumpet the hot U.S. stock market as a key achievement of his presidency, and he was in full self-congratulatory mode on that front during Tuesday night's State of the Union address.
China's eastern province of Zhejiang, the second worst-hit by the coronavirus epidemic, will push major exporters, listed companies and key manufacturers to be the first to return to work after the extended Lunar New Year holiday.
Taiwan's Foxconn aims to gradually restart operations at factories in China next week but it could take one to two weeks from then to resume full production due to the coronavirus outbreak, a person with direct knowledge of the matter said.
Airbus has closed its final assembly plant in Tianjin, China, as a result of the coronavirus emergency, the planemaker said on Wednesday, adding it was monitoring for any signs of impact on deliveries.
Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting coronavirus death toll and policymakers' concerns for the disease's economic impact.
Tobacco group Imperial Brands said it would not see any profit growth this year after tighter regulation in the United States, the world's biggest vaping market, has sapped demand.
Qatar Airways is interested in increasing its stake in Chile's LATAM Airlines to 20%, its chief executive said on Wednesday.
Oil prices jumped by more than 3% on Wednesday after reports that scientists have found an effective drug against China's fast-spreading coronavirus, which has hit the world's second-largest economy in recent weeks.
Vodafone will remove Huawei technology from the core of its European networks following Britain's decision to restrict the Chinese company's role in 5G and new EU guidelines on the firm's equipment, Chief Executive Nick Read said.
Babcock International said on Wednesday Archie Bethel would be retiring as the British engineering firm's chief executive officer after being in the role for more than three years.