US retail sales declined further in December as renewed measures to slow the spread of COVID-19 undercut spending at restaurants and reduced traffic to shopping malls, the latest sign the economy lost considerable speed at the end of 2020.
PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political donations following a move to challenge U.S. President-elect Joe Biden's victory.
Wells Fargo & Co reported a higher quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
JPMorgan's profits jump as economy, investment bank recovers
REUTERS: JPMorgan Chase & Co reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest U.S. bank's lending business. Net income rose to US$12.1 billion, or US$3.79 per share, in the ......
SINGAPORE: A new concept store opening at the end of this month will take over two floors of retail space vacated by Robinsons at Raffles City Shopping Mall. One Assembly, a “creative collaboration” with department store BHG, will feature beauty, fashion, home and living offerings at Level 1 and 2 ......
BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc.
LONDON: Britain's economy shrank in November as it went into a new lockdown, but the decline was smaller than expected as businesses adjusted to social distancing and schools remained open, making a double-dip recession less likely. The 2.6 per cent monthly decline in Friday's (Jan 15) official ...
BEIJING: China's banking and insurance regulator on Friday banned commercial banks from using third-party internet platforms to sell deposit products, including those relating to fixed-term deposits. The move is designed to avoid spillover financial risks brought by the rapid development of ...
Pension fund managers and religious investors on Friday asked top social media companies to step up their content control efforts to reduce the threat of violence ahead of the inauguration of U.S. President-elect Joe Biden next week.
