CIBC planning layoffs to cut costs
Canadian Imperial Bank of Commerce will lay off employees in the months ahead to cut costs, a memo obtained by Reuters showed....
UBS Europe probed in Italy in asset manager fraud investigation: sources
Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into small asset...
Oil falls to new three-month lows as virus fears grow, OPEC mulls meeting
Oil prices fell more than 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that...
Global stocks, oil tumble on fears virus to hurt China’s economy
Global equity markets tumbled on Thursday as the death toll from China’s coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond...
Zuckerberg pledges Facebook users privacy upgrades after $550 million facial recognition settlement
Facebook Inc has reached a $550 million settlement of claims it collected and stored millions of users’ biometric data without their consent, as Chief Executive...
Paris shops feel the pinch as virus keeps Chinese tourists away
For some shopkeepers in Paris, home to prestigious stores where Chinese tourists love to splurge, an abrupt drop-off in visitors as China tries to contain...
Altria takes another $4 billion hit on Juul investment, revises deal terms
Altria Group Inc took another $4 billion charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the...
Oil falls 3% to new three-month lows as China virus cases surpass SARS total
Oil prices fell 3% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to...
Wall Street slides on China virus concerns, Facebook earnings
U.S. stocks dropped on Thursday as the coronavirus epidemic raised fears of a further hit to China’s economy, with weak earnings from Facebook and others...
Exclusive: New tensions surface over U.S.-Mexico seasonal farm trade
Fresh battle lines are being drawn that could lead to farm trade restrictions between the United States and Mexico, a letter from a top Mexican...