L Brands Inc said on Monday British clothing retailer Next Plc would acquire a majority stake in its Victoria's Secret UK business under a newly formed joint venture.
MAYBANK Kim Eng (MKE) has downgraded its sector outlook on Asean banks to negative as their asset quality risks remain high while operational recovery may stay muted.
The US Securities and Exchange Commission is probing Nikola Corp to assess the merits of short-seller Hindenburg's allegations that the EV maker misled investors about its business prospects, Bloomberg News reported on Monday.
European Union leaders told Chinese President Xi Jinping on Monday to open up markets, respect minorities and step back from a crackdown in Hong Kong, also asserting that Europe would no longer be taken advantage of in trade.
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell will testify before the Senate Banking Committee on coronavirus relief, the committee said in a statement on Monday.
The United States on Monday eased its warning against travel to China, acknowledging that the nation had made progress against Covid-19 despite frequent US criticism of its pandemic role.
JPMorgan Chase & Co Chief Executive Jamie Dimon said the economic recovery from the coronavirus recession could be derailed by a lack of additional economic stimulus, the election and a second wave of infections.
Federal regulators are preparing to reprimand Citigroup Inc for failing to improve its risk-management systems, the Wall Street Journal reported https://on.wsj.com/3mvwLES on Monday.
Walmart Inc said it is pressing ahead with its goal to invest in TikTok as Oracle Corp takes the lead in a partnership with the Chinese video-sharing app.
Citigroup Inc Chief Financial Officer Mark Mason said on Monday that the bank is accelerating investments in its risk and control functions following a high profile US$900 million operational error.
