Markets

Royal Bank of Scotland plc said on Thursday that Chief Executive Ross McEwan has resigned from his role, signaling a refresh of leadership and direction at the state-backed lender as it continues its journey to full private ownership.

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros (US$1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters.

Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core business, the networks unit.

Swedish bank Swedbank reported first-quarter profit above market expectations on Thursday but admitted to past anti money-laundering shortcomings and said it was cooperating with authorities, including those of the United States.

Speaking at a conference on Thursday (Apr 25), the Senior Minister of State for Trade and Industry stressed that when rules and procedures are set, it is important to consider the impact when they are implemented on the ground.

SINGAPORE: Grab and Ninja Van announced on Thursday (Apr 25) that Grab has invested in the logistics company, and Ninja Van's logistics services will be integrated into the Grab app in a regional partnership. "Ninja Van’s logistics services will be available on the Grab app via GrabExpress in the ...

Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter told Reuters on Thursday.

A high-rise city the size of central London rising out of the ocean next to Sri Lanka's capital is laying down another marker for China's global infrastructure ambitions whose epic scope is sounding alarm bells in Asia and beyond.

A Tokyo court on Thursday approved a bail request from ousted Nissan Motor Co Chairman Carlos Ghosn, setting his bail at 500 million yen (US$4.5 million), the court said in a statement.

A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing US$125 million in an Alphabet Inc spinoff working on the same problem.