Markets

PARIS: French carrier Air France will offset the carbon dioxide emissions of its 500-odd daily internal flights by 2020 at a cost of millions of euros, the company's CEO has announced. In a bid to counteract its climate impact, the company will finance projects that support tree planting, forest ......

Turkey's Tourism Advisory Council said on Tuesday it estimates that Thomas Cook owes the local sector more than 350 million euros (US$381.08 million), adding that it was impossible for the amount to be re-paid in the short- and medium-term.

Mario Draghi leaves the European Central Bank at the end of the month, and that may give opponents of his ultra-easy monetary policy a chance to shift the tone of the debate at the top of the institution.

Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam in an internal investigation into the botched surveillance of the bank's former wealth management head Iqbal Khan in a probe that cost Thiam's right-hand man his job.

Danske Bank said its Estonian business had entered into liquidation on Tuesday after the country's financial regulator in February ordered it to close its branch at the center of one of the largest ever money laundering scandals.

WPP , the world's biggest advertising company, has poached John Rogers, the boss of retailer Sainsbury's Argos business, to be its new finance director, taking over from the outgoing Paul Richardson in early 2020.

SYDNEY: Australia's central bank on Tuesday (Oct 1) lowered the cost of borrowing, slashing interest rates for the third time this year amid fears about the flagging domestic economy. The Reserve Bank of Australia announced it had cut rates by another 25 basis points to 0.75 per cent, a...

TOKYO: Japan rolled out a twice-delayed increase in the sales tax to 10 per cent from 8 per cent on Tuesday (Oct 1), a move that is seen as critical for fixing the country's tattered finances but that could tip the economy into recession by dampening consumer sentiment. The government has...

Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam in an internal investigation into the botched surveillance of the bank's former wealth management head Iqbal Khan in a probe that cost Thiam's right-hand man his job.

Major U.S. fund managers have tens of billion of dollars at stake in some of the most popular Chinese stocks on Wall Street, exposing them to potential losses should the White House move to delist Chinese firms from U.S. exchanges.