Citi names veteran Rizvi as APAC corporate banking head: memo
Citigroup Inc has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by...
GM Korea to cut output of key SUV as virus hits U.S. exports: document
General Motors Co’s South Korean unit plans to sharply cut output this month at a factory producing its new Trailblazer sport-utility vehicle (SUV), as the...
India’s Reliance says Silver Lake to invest nearly $750 million in its digital arm
Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest 56.56 billion rupees ($746.74 million) in its digital arm, giving it a...
Dollar edges up, Asian stocks slip as U.S.-China tensions flare
The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a U.S.-China spat over the origin of the coronavirus put...
Oil prices lower on U.S.-China trade tension
Oil prices fell in early trade on Monday, paring last week’s gains, on worries the global oil glut may persist as U.S.-China trade tension could...
Dollar firm but stocks, oil under pressure as U.S.-China tensions rise
The dollar rose, oil fell and stock markets were poised to slip on Monday as rising U.S.-China tensions over the coronavirus – and growing unease...
Oil prices open down on persistent oversupply worries
U.S. crude futures fell more than 5% in early trade on Monday, paring last week’s gains, on worries about oil oversupply and tempered hopes for...
White House adviser will not rule out more money for states, small businesses
White House economic adviser Larry Kudlow said on Sunday he would not rule out anything in a new relief bill to ease the “tremendous hardships”...
Iceland could mull taking stake in Icelandair if state injects funds: PM
Iceland may consider taking a stake in Icelandair Group if the government injects funds into the airline, Bloomberg reported, citing comments by Prime Minister Katrin...
GM and SAIC’s China sales rebound in April as market recovers
General Motors’ sales in China saw double-digit year-on-year growth in April, its two local ventures said on Sunday, as the world’s biggest auto market recovers...