(This Dec. 5 story has been corrected to remove the word ‘president’ in paragraph 7) By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON (Reuters) – HSBC announced a raft of senior management departures and appointments on Thursday, as CEO Georges Elhedery completed the first phase of a sweeping overhaul aimed at streamlining costs …
More HSBC senior managers to go as CEO continues overhaul Read More »
(Reuters) – Hong Kong-based WH Group, the world’s largest pork producer, said on Friday that its shareholders had approved spinning off Smithfield Foods into a listed company in the United States. WH Group said 99.4% of its shareholders voted in favour of spinning off Smithfield Foods, which the company had proposed last month. At that …
WH Group get shareholders’ nod to spin off, list Smithfield Foods in US Read More »
(Reuters) – U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but probably does not signal a material shift in labor market conditions that continue to ease steadily and gives the Federal Reserve leeway to cut interest rates again this month. Nonfarm payrolls increased by 227,000 jobs last month, above …
Instant view: US Nov payrolls show job growth accelerated after October hiccup Read More »
By Parisa Hafezi DUBAI (Reuters) – Iran aims to send missiles and drones to Syria and increase the number of its military advisers there to support President Bashar al-Assad in his battle against rebels, a senior Iranian official told Reuters on Friday. “It is likely that Tehran will need to send military equipment, missiles and …
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MILAN (Reuters) – Italian bank UniCredit said a German probe over alleged tax fraud concerned a single former client, after its Munich offices were raided on Friday. The European Public Prosecutor’s Office said that it had conducted searches at a bank in Munich over possible value-added tax fraud, without naming the bank involved. Bloomberg News …
UniCredit says German fraud probe concerns one ex client, involves other banks Read More »
MOSCOW (Reuters) – Russia said on Thursday it had decided to close Poland’s consulate general in St. Petersburg in response to Poland’s decision to close the Russian consulate in Poznan. The Russian Foreign Ministry said in a statement it was also declaring three of the Polish consulate’s diplomatic staff members “personae non gratae” and that …
Russia closes Polish consulate in St. Petersburg in retaliatory move Read More »
By Aditya Kalra NEW DELHI (Reuters) – An Indian antitrust investigation has concluded there was no price collusion between the domestic units of delivery companies DHL, United Parcel Service and FedEx, according to three sources and a document seen by Reuters. The Competition Commission of India (CCI) ordered an investigation in 2022 into more than …
India probe clears DHL, FedEx, UPS of price collusion allegations, document shows Read More »
(Reuters) -OpenAI is in discussions to remove a clause that shuts Microsoft out of the start-up’s most advanced models when it achieves “artificial general intelligence”, as it seeks to unlock future investments, the Financial Times reported on Friday. As per the current terms, when OpenAI creates AGI – defined as a “highly autonomous system that …
(Reuters) -India’s top carmaker Maruti Suzuki and smaller rival JSW MG Motor on Friday said they will hike car prices to tackle rising raw material and operational costs, joining Hyundai Motor India. Maruti plans to hike prices by up to 4%, depending on the model, while JSW MG Motor – a joint venture between SAIC …
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India Read More »
LONDON (Reuters) -British sportswear and fashion group Frasers on Friday launched a bid for Norwegian sporting goods retailer XXL ASA, saying it did not agree with the Oslo-listed company’s plan to issue more shares. Frasers, majority owned by Mike Ashley, said it was offering 10 Norwegian crowns ($0.9044) per share for the equity it does …
