Deutsche Bank investors are renewing calls for it to scale back its investment bank division ahead of what promises to be a challenging annual shareholder meeting next week.
Austrian prosecutors believe there is little basis for their fraud investigation into the Eurofighter consortium's US$2 billion deal in 2003 to sell jets to the Austrian government, two media reported on Thursday, citing an internal report.
Police in six countries have dismantled a complex cybercrime network that operated from Eastern Europe and fleeced victims - including small businesses and charities - of some US$100 million, Europe's police agency said on Thursday.
Lloyds Banking Group has defended the 6.3 million pound (US$8.06 million) pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade bodies.
SINGAPORE: Singapore Airlines Ltd on Thursday (May 16) reported its highest-ever annual revenue on a jump in passengers, though higher fuel costs nearly halved its profit. Revenue rose 3.3 per cent to S$16.32 billion for the year ended Mar 31, as the number of passengers it carried jumped 7.2 per...
FRANKFURT: Berlin travel startup GetYourGuide said on Thursday (May 16) it had raised nearly US$500 million from investors led by SoftBank's Vision Fund to expand its online offering of tours and activities that has won a following among millennials. GetYourGuide, which has sold 25 million tickets ...
President Emmanuel Macron on Thursday took a swipe at the freewheeling U.S. business model, saying the private sector had too much influence on U.S. policy and Europe should offer a middle way between China's state control and U.S. laissez-faire.
Financial services software startup OpenFin has raised US$17 million in a funding round led by Wells Fargo & Co with participation from Barclays, the company said on Thursday.
U.S. retailer Walmart Inc on Thursday reported an estimate-beating jump in first-quarter U.S. comparable sales, but overall revenue growth and online sales slowed.
BRUSSELS: The European Union fined Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland a combined 1.07 billion euros (US$1.2 billion) on Thursday for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in fines worldwide over the last ...
