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Updated: 1 hour 13 min ago

HSBC promotes 1300 staff as investment bank overhaul gathers pace: memo

Tue, 03/19/2019 - 10:53
HSBC is stepping up a root-and-branch overhaul of its global banking and markets division, naming 83 new managing directors in a 1,300-strong promotions spree aimed at revitalizing its investment banking franchise.
Categories: Financial Media

Norway say Hydro cyber attack began Monday evening and escalated during the night

Tue, 03/19/2019 - 10:52
The cyber attack on aluminum producer Norsk Hydro began on Monday evening and escalated during the night, the Norwegian state agency in charge of cyber security said on Tuesday.
Categories: Financial Media

Norsk Hydro shuts some extrusion plants due cyber attack

Tue, 03/19/2019 - 10:51
Aluminum maker Norsk Hydro has closed down some of its metal extrusion plants due to a cyber attack on its operations, it said on Tuesday.
Categories: Financial Media

Standard Life Aberdeen wins $133 billion Lloyds mandate dispute

Tue, 03/19/2019 - 10:22
Standard Life Aberdeen said it has won a legal battle to stop Lloyds cancelling a 100 billion pound ($133 billion) investment management contract early, a decision which could cost the bank hundreds of millions of pounds in extra fees.
Categories: Financial Media

Global shares gain as Fed looms, pound rides new Brexit twists

Tue, 03/19/2019 - 09:58
World shares inched toward their longest winning streak of the year on Tuesday ahead of a Federal Reserve meeting, while the pound kept calm after another dramatic twist in the Brexit plot bolstered bets on a lengthy delay to the process.
Categories: Financial Media

Porsche SE says it raised voting rights share in VW

Tue, 03/19/2019 - 09:22
Porsche SE, the holding company controlling Germany's Volkswagen, on Tuesday said it raised its voting rights share in the carmaker to 53.1 percent from 52.2 percent.
Categories: Financial Media

Standard Life Aberdeen wins $133 bln Lloyds mandate dispute

Tue, 03/19/2019 - 09:06
Standard Life Aberdeen said it has won a legal battle to stop Lloyds cancelling a 100 billion pound ($133 billion) investment management contract early, a decision which could cost the bank hundreds of millions of pounds in extra fees.
Categories: Financial Media

Ford to boost profit-rich U.S. large SUV production again

Tue, 03/19/2019 - 09:03
Ford Motor Co said it will boost U.S. production of its largest sport utility vehicles in a move to grab profits in a market where consumers favor larger, more comfortable vehicles.
Categories: Financial Media

Exclusive: India government asked banks to save Jet, avoid bankruptcy - sources

Tue, 03/19/2019 - 08:54
India's government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two people within the administration told Reuters.
Categories: Financial Media

Asian shares steady as Fed looms, May's Brexit deal in chaos

Tue, 03/19/2019 - 07:15
Asian shares held to tight ranges on Tuesday ahead of a Federal Reserve policy meeting, but were broadly supported near 6-1/2-month highs on expectations the U.S. central bank might strike a dovish tone, while fresh Brexit worries weighed on the pound.
Categories: Financial Media

Tencent targets 10 percent of managers for job cuts or demotion: Bloomberg

Tue, 03/19/2019 - 05:59
Tencent Holdings Ltd is putting about 10 percent of its managers on notice, as China's largest gaming and social media company shakes up its workforce amid cooling growth and intensified competition, Bloomberg reported on Tuesday, citing sources.
Categories: Financial Media

Philippines rejects Go-Jek appeal against ride-hailing license ban

Tue, 03/19/2019 - 05:24
Indonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines' decision to refuse to grant it a license due to its failure to meet local ownership criteria, in a major blow to its Southeast Asia expansion plans.
Categories: Financial Media

Riding with 'Uncle Diego': Uber’s wild drive for growth in Chile

Tue, 03/19/2019 - 05:14
The Uber driver pulled up to the international airport outside Chile's capital. As his passenger jumped into his gleaming Suzuki, he glanced around furtively for signs of trouble.
Categories: Financial Media

Hyundai Motor, Kia to invest $300 million in India's Ola

Tue, 03/19/2019 - 04:58
South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to invest in mobility firms.
Categories: Financial Media

India's RCom jumps after Mukesh Ambani bails out brother Anil on Ericsson dues

Tue, 03/19/2019 - 04:35
Shares of Anil Ambani-led Reliance Communications Ltd (RCom) were locked in the upper circuit on Tuesday after his elder brother Mukesh Ambani helped pay off debt owed to Sweden's Ericsson.
Categories: Financial Media

Asian shares flat as Fed looms, May's Brexit deal in chaos

Tue, 03/19/2019 - 03:17
TOKYO - Asian shares held tight ranges on Tuesday ahead of the a Federal Reserve policy meeting, but were broadly supported near six-month highs on expectations the central bank might strike a dovish tone, while fresh Brexit worries dogged the pound.
Categories: Financial Media

Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge

Tue, 03/19/2019 - 01:56
Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday.
Categories: Financial Media

Elon Musk tweet about Tesla violates settlement agreement, U.S. regulator tells court

Tue, 03/19/2019 - 00:26
A tweet about Tesla Inc production targets by Elon Musk was "a blatant violation" of a court order to get his written communications pre-approved, U.S. securities regulators told a judge on Monday, doubling down on the government's demand to find the Tesla CEO in contempt of a previous fraud settlement.
Categories: Financial Media

Huawei leads Asian domination of U.N. patent applications in 2018

Mon, 03/18/2019 - 23:18
Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said on Tuesday.
Categories: Financial Media

Goldman Sachs sets targets for Hispanic and black entry-level hires

Mon, 03/18/2019 - 22:22
Goldman Sachs Group Inc is setting targets for hiring minority groups for the first time as it ramps up efforts to diversify its workforce, according to a memo sent by top executives to employees on Monday.
Categories: Financial Media

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