When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her.
Investment bank Morgan Stanley has ramped up the risk of Britain and the European Union flopping onto World Trade Organisation terms to 40per cent from 25per cent, after the UK signalled a willingness this week to walk away from Brexit talks.
A $2-billion-plus deal for a South Korean property developer to take over lossmaking Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 jobs.
Japan's Sharp Corp said on Friday it has won a patent infringement lawsuit against Daimler in Germany, a ruling that could enforce a sales ban against the German automaker.
HANOI: Vietnam's Vingroup is considering selling controlling stakes in its medical and education units, two sources with direct knowledge said, as the conglomerate exits non-core businesses and fortifies its balance sheet amid a profit slump. Vingroup, Vietnam's largest listed firm, could look for ...
The European Union should push ahead with its own digital tax in the first quarter of 2021 if broader efforts to find an international solution do not bring a breakthrough this year, the French finance minister said on Friday.
Rio Tinto's decision to part ways with its CEO and two senior executives reflects heightened investor concern over social issues and the loss of "social license" to operate, governance groups and investors said.
French Finance Minister Bruno Le Maire said on Friday that the European Union should implement a digital tax in the first quarter of 2021 if no agreement is reached within the OECD framework.
European shares turned flat after opening marginally lower on Friday, a day after the European Central Bank took a less dovish tone than expected on stimulus, while growing prospects of a no-deal Brexit kept risk sentiment subdued.
Tesla is planning to export China-made Model 3 vehicles to Asian and European markets, two sources familiar with the matter told Reuters on Friday.
