J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
Amazon.com Inc said on Tuesday it terminated two employees, who criticized the working conditions at the e-commerce giant's warehouses in the wake of the coronavirus pandemic, for "repeatedly violating internal policies".
The world's leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook's planned Libra stablecoin from undermining financial stability, the Group of 20 Economies' (G20) regulatory watchdog said on Tuesday.
TAIPEI: Taiwan's largest carrier, China Airlines, has become the latest focus of political angst on the island about identity and its relationship with China amid the coronavirus pandemic. The issue of how self-ruled, democratically governed Taiwan, which Beijing claims as its own, relates to ...
Forget that US$24 billion writedown - about US$17 billion for the financial year at the Vision Fund, and the rest from startup writedowns outside the fund - on investments that SoftBank Group reported late on Monday. It's bad. But it's only paper. The Japanese conglomerate faces...
BEIJING: China's foreign trade fell again in March even as businesses returned to work after the coronavirus outbreak, with the global pandemic weighing on the manufacturing powerhouse's outlook. Exports fell 6.6 percent in March from a year earlier and imports dropped 0.9 percent, according to ...
French car parts group Valeo abandoned its 2020 financial targets on Tuesday because of the hit to its business from the coronavirus outbreak, although it got 1 billion euros (US$1.1 billion) in extra credit lines to shore up its finances.
The administrators of troubled hospital operator NMC Health have announced a new board for the London-listed company that brings in four new non-executive directors with international restructuring experience.
Swiss wealth manager Julius Baer will propose splitting its 2019 dividend payment into two halves following a regulatory request, it said on Tuesday, postponing by a month its annual general meeting in order to meet notification requirements.
Asian markets posted gains on Tuesday as better than expected Chinese trade data suggested a rebound from the economic devastation wrought by the coronavirus pandemic.
