Suzuki Motor Corp said on Wednesday that its 91-year old chairman, Osamu Suzuki, is retiring in June.
German sportswear company Puma expects a big hit to its results from lockdowns to contain the coronavirus pandemic well into its second quarter, but sees a strong improvement after that.
HONG KONG: Hong Kong hiked stamp duty on stock trades on Wednesday (Feb 24) for the first time in almost three decades as it tries to plug a pandemic-induced record budget deficit, sending the local equity market tumbling. The business-friendly financial hub, which prides itself on low taxes and...
LONDON: Britain's Heathrow Airport plunged to a £2 billion (US$2.8 billion) annual loss after passenger numbers collapsed to levels last seen in the 1970s during the pandemic. Heathrow called on the government to agree a common international travel standard to allow passengers to start flying ...
Spanish bank BBVA is considering cutting around 3,000 jobs in its home market, or around 10per cent of its payroll there, newspaper Expansion reported on Wednesday, citing sources with knowledge of the situation.
Lloyds Banking Group's outgoing Chief Executive António Horta-Osório set out fresh targets to expand the lender's insurance and wealth business and further cut costs, as the bank resumed a dividend despite a sharp fall in profits for 2020.
The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause.
Futures tracking the Nasdaq 100 index fell 1per cent on Wednesday, sliding for a seventh straight session as investors swapped growth-oriented technology shares with stocks that stand to gain the most from an economic rebound.
Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks, a problem which combined with an earlier recall is likely to cost the automaker an estimated US$900 million.
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the most investor resolutions tied to climate change in years.
