Japan's Nomura Holdings has no plan to follow the lead of Wall Street rivals and seek a tie-up with a commercial lender, its chief executive told Reuters, pledging to stay independent even as the investment bank faces its first annual loss in a decade.
SINGAPORE: Indonesia's SM Investments on Friday (Apr 19) rejected accusations by Hyflux that it breached a rescue deal that both parties entered into, moving to terminate the plan in “accordance with the terms of the restructuring agreement”. On Monday, Hyflux said it was suing SM Investments ...
Embattled Chinese conglomerate HNA Group has denied accusations of embezzlement and financial irregularity made by a rival group of shareholders in Hong Kong Airlines (HKA) as the two sides fight for control of the struggling carrier.
Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission are seeking more time from a federal court to settle a dispute over Musk's use of Twitter, according to a court filing Thursday.
Uber's autonomous vehicle unit has raised US$1 billion from a consortium of investors including SoftBank Group Corp , giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering.
President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according to sources and documents reviewed by Reuters.
Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by U.S. companies.
Air Canada said on Thursday it was using the down time with its pilots who fly Boeing Co's MAX planes to review various aircraft systems, alternative flight conditions on the aircraft type and maintain their qualifications.
One of President Donald Trump's prospective Federal Reserve nominees, businessman Herman Cain, said on Thursday he was not withdrawing from consideration for the post, although his chances of winning the Senate's needed approval appear dim.
SINGAPORE: India’s Jet Airways was finally grounded on Wednesday (Apr 17) after a long battle against losses and debt. This came after the release of a stock exchange statement a day earlier, in which the carrier said it faced a “critical liquidity position” and that its operations “have been ...
