LG Electronics said on Monday it had reorganised its mobile phone division to increase outsourcing of its low to mid-end smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals.
Capital One Financial Corp (CapOne) has barred customers using its credit cards to clear buy-now-pay-later (BNPL) debt as the transactions bear unacceptable risk, it told Reuters, making it the first to distance itself from the finance alternative.
Goldman Sachs' head of Middle East and North Africa (MENA), Wassim Younan, who built the U.S. bank's business in the region, is retiring after nearly three decades with the Wall Street bank, according to a memo seen by Reuters.
JPMorgan has hired UBS banker Peihao Huang to become the co-head of its equity capital markets (ECM) business in Asia, not including Japan, according to two sources with direct knowledge of the matter.
BEIJING: China's exports in November rose 21.1 per cent from a year earlier, after 11.4 per cent growth in October, while imports grew 4.5 per cent last month, from a 4.7 per cent expansion in October, customs data showed on Monday (Dec 7). Analysts polled by Reuters had forecast export growth of...
U.S. fast-food restaurant chain Chick-fil-A sued top chicken suppliers alleging they artificially raised prices on billions of dollars of its purchases in the latest litigation facing the poultry industry.
Mastercard, Visa investigate Pornhub business relationship
SINGAPORE: For those with multiple bank accounts, logging on to numerous platforms for updates and drawing up financial spreadsheets can now be a thing of the past. This is made possible with the launch of the Singapore Financial Data Exchange (SGFinDex) on Monday (Dec 7), a digital ...
Airbnb Inc has plans to raise the target price range for its initial public offering (IPO) to between US$56 and US$60 per share, underscoring demand for new U.S. stocks, a person familiar with the matter said on Sunday.
A gauge of Asian shares hit a record peak on Monday on hopes of a much-needed U.S. stimulus package before year-end just as coronavirus vaccines roll out, while oil prices hovered near their highest since March.
