finance

IBM cuts 3,900 jobs, misses annual cash target

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer…

3 years ago

India’s Adani Group says evaluating action against Hindenburg Research

Adani Group said on Thursday it is evaluating "remedial and punitive action" under U.S. and Indian laws against short-seller Hindenburg…

3 years ago

Exclusive: Goldman Sachs to cut asset management investments that weighed on earnings

Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's…

3 years ago

Swatch positive on recovery in luxury demand from China

Swatch Group shares hit their highest level in nearly two-and-a-half years on Tuesday after the world's biggest watchmaker said it expected…

3 years ago

Exclusive: Blackstone in talks with Bain to sell $480 million stake in top Indian REIT

Blackstone is in talks to sell around half of its stake in India's largest real estate investment trust Embassy Office Parks to…

3 years ago

Two energy giants, two green projects: one double-booking in North Sea

Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to…

3 years ago

Malaysia says it could stop palm oil exports to EU after new curbs

Malaysia said on Thursday it could stop exporting palm oil to the European Union in response to a new EU…

3 years ago

Swedish inflation runs red hot in December, raising pressure on Riksbank

Swedish consumer prices rose more than expected in December, hitting double digits and a fresh 30-year high in an outcome…

3 years ago

Exclusive: China to allow Didi apps back online, in latest sign of regulatory thaw

Chinese authorities are set to allow Didi Global's ride-hailing and other apps back on domestic app stores as soon as…

3 years ago

Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps

Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant…

3 years ago