Wells Fargo & Co reported a 26per cent fall in quarterly profit on Tuesday, as the lender braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago.
British and EU negotiators on Tuesday (Oct 15) scrambled to put together a draft text for a Brexit deal with just two days to go before a key European summit.
JPMorgan Chase & Co reported an 8.4 per cent rise in quarterly profit on Tuesday, driven by higher revenue from its bond trading business and gains in debt and equity underwriting.
SINGAPORE: The Competition and Consumer Commission of Singapore (CCCS) has cleared a proposed deal by BreadTalk Group to buy food court operator Food Junction Management (FJM) for S$80 million, saying that the transaction "will not lead to a substantial lessening of competition within the relevant ...
U.S. private equity firm KKR & Co and its partners have canceled what was expected to be the biggest Australian IPO of the year, the listing of their lender Latitude Financial, two sources told Reuters.
BlackRock Inc , the world's biggest asset manager, on Tuesday posted an 8per cent drop in third-quarter profit, as investors put money in its fixed-income funds and accounts that typically carry lower fees.
MANILA: A KKR-led consortium said it will invest US$685 million in the largest hospital group in the Philippines, seeking to capitalise on growing demand for private healthcare in Southeast Asia. Under the deal, KKR and partner Singapore sovereign wealth fund GIC will spend US$100 million to gain ...
SINGAPORE: Mr Lee Seow Hiang, the CEO of Changi Airport Group and the man responsible for driving the development of the iconic Jewel project, is set to become the chairman of the National Library Board (NLB) next year. The Ministry of Communications and Information announced on Tuesday (Oct 15)...
Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia.
The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters.
