Exclusive: Fund giant Vanguard bypasses banks with forex algos
Vanguard, the $5.6 trillion asset manager, plans to start using computer-run algorithms this year to trade FX directly with other funds, depriving banks of some...
Visa planning biggest changes to swipe fees in a decade: Bloomberg
Visa Inc is planning the biggest changes in a decade to the rates U.S. merchants pay to accept its cards, Bloomberg reported https://bloom.bg/2vGWtA7 on Tuesday,...
ConocoPhillips misses profit estimates, boosts share buyback
U.S. oil and gas producer ConocoPhillips reported a lower-than-expected quarterly adjusted profit on Tuesday and boosted its share buyback program by $10 billion....
Siemens Gamesa boosting risk management to fend off project delays: CEO
Wind turbine maker Siemens Gamesa is acting fast to manage risks on its projects around the world to avoid a repeat of the delays that...
ING ordered to pay 30 million euros to settle Italy money-laundering probe: source
A Milan court ordered Dutch lender ING to pay 30 million euros ($33.17 million) to settle a money-laundering case in Italy, a judicial source said...
China’s airlines told not to axe global flights as thousands cut
China’s civil aviation authority has urged domestic carriers to continue flying international routes as they consider cuts in response to a drop in demand due...
Cathay Pacific to cut global capacity by 30% amid coronavirus epidemic
Hong Kong’s Cathay Pacific Airways Ltd plans to cut 30% of its global capacity over the short-term, including 90% of capacity to mainland China as...
Oil prices rebound on hopes for OPEC+ supply cuts
Oil prices clawed back ground on Tuesday amid hopes for new output curbs from OPEC and its allies to offset any potential drop in demand...
Glencore’s 2019 cobalt up, copper down; share price rises
Glencore said its 2019 copper output fell 6% and battery mineral cobalt rose 10% as it boosted production at its Katanga mine in the Democratic...
BP boosts dividend as profit tops forecast and CEO bows out
BP raised its dividend and said it had completed a $1.5 billion share buyback program in a sign of confidence in its growing oil and...