Deutsche Bank on Wednesday said it would cut costs further as the bank confirmed a key profitability target for 2022 that is higher than some analysts have forecast.
Citigroup Inc is heading to trial on Wednesday, hoping to convince a Manhattan federal judge to undo a nearly US$900 million blunder where it used its own money to repay lenders of Revlon Inc, the struggling cosmetics company.
Driverless robot buggies started delivering hot restaurant meals to paying customers in one central Moscow district on Wednesday, their operator, Russian Internet giant Yandex, said.
KUALA LUMPUR: Malaysia's Top Glove Corp on Wednesday (Dec 9) posted a more than 20-fold jump in first-quarter net profit to a record high, as the COVID-19 pandemic boosted demand for protective rubber gloves and selling prices. Net profit for the September-November period grew 2,030 per cent to ......
SINGAPORE: Singapore must stay focused on containing COVID-19 and provide health assurances that it can host the World Economic Forum (WEF) meeting safely next year, Trade and Industry Minister Chan Chun Sing said on Wednesday (Dec 9). The WEF's Special Annual Meeting, which is usually held in ...
UBS said on Wednesday it had "full confidence" in Chief Executive Ralph Hamers' ability to lead the Swiss wealth manager after a Dutch court ordered a probe into Hamers' role in overseeing anti-money laundering compliance at ING Group, his former employer.
SINGAPORE: Certificate of Entitlement (COE) premiums closed higher across the board in the latest bidding exercise on Wednesday (Dec 9). For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$40,714, up from S$37,690 in the last exercise ...
Nestle launched its plant-based Harvest Gourmet brand in China on Wednesday, moving into the country's meat substitute industry that has seen a surge of interest from investors and brands over the past year.
Mining giant Rio Tinto Ltd should negotiate a restitution package with the Indigenous Australians affected by its destruction of two ancient rock shelters to expand an iron ore mine, an inquiry panel said on Wednesday.
Britain's biggest retailer Tesco said on Wednesday all conditions had been satisfied for the US$10.6 billion sale of its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited and the deal should be completed this month.
