Societe Generale said on Monday it plans to close more branches and cut staff in its French retail banking network while selling assets, as part of a three-year plan to boost returns. Chief Executive Frederic Oudea, who took the top job following a rogue trader scandal in 2008, is under pressure to boost profitability in […]
Read moreEuropean bourses are seen opening mixed on Tuesday morning as investors watch out for tax reform plans in the U.S. and comments from the next Federal Reserve chair. The FTSE 100 is seen lower by 1.5 points at 7,383; the DAX in expected to open up by 18 points at 13,012 and the CAC 40 […]
Read moreAmid sweeping new regulations that have targeted everything from financial market liberalization to tightening internet controls, China has its sight set on reforming one additional domain: its toilets. Chinese President Xi Jinping on Monday brought attention to a national drive to upgrade toilets in the country by calling for sustained efforts in building clean restrooms […]
Read moreBALI, Indonesia — Passengers in Bali’s Ngurah Rai International Airport were stranded for a second full day as the Mount Agung volcano here continued to spew ash and authorities called a potential eruption, “imminent.” The airport has been closed since Sunday night, impacting flights from Singapore Airlines, AirAsia, Qantas, JetStar and others. An estimated 17,000 […]
Read moreFor the first time since 1991, Commerce Secretary Wilbur Ross has used the powers of the department to self-initiate antidumping duty and countervailing duty cases against the People’s Republic of China. The investigations launched Tuesday cover more than $600 million worth of imports of common alloy aluminum sheet from China. Commerce officials explained to CNBC […]
Read moreChina’s securities regulator has suspended approval of Hong Kong-focused mutual funds, according to the industry newspaper China Fund, potentially slowing the pace of Chinese money into Hong Kong stocks. New funds with “Hong Kong” in their names – which rules dictate must allocate at least 80 percent of their portfolio into Hong Kong-listed stocks – […]
Read moreCyber Monday sales were on pace to hit $6.59 billion by the end of the day, Adobe Insights revealed Monday evening. That projection, made by the firm at 10 p.m. ET, would represent an increase of 16.8 percent when compared with the same time last year, Adobe found. The firm measures 80 percent of online […]
Read moreA Chinese start-up is aiming to raise $11.5 million in a digital token sale starting Tuesday. The company, Walimai, is launching the sale in Singapore for funds to expand its technology and develop a loyalty program — both frequent explanations in the booming initial coin offering market. What makes this company different, though, is that […]
Read moreJapan has detected radio signals suggesting North Korea may be preparing for another ballistic missile launch, although such signals are not unusual and satellite images did not show fresh activity, a Japanese government source said on Tuesday. After firing missiles at a pace of about two or three month since April, North Korean missile launches […]
Read moreSoftBank has made an offer to purchase Uber shares at a $48 billion valuation — a 30 percent discount to the most recent valuation, a source said. This story is developing. Please check back for updates. Source: Tech CNBC SoftBank is said to offer to purchase Uber shares, but at a 30% discount
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