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Eight men in frame to run Norway wealth fund, including deputy CEO

Eight candidates have applied to head Norway's sovereign wealth fund, the country's central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth $1.1 trillion through a time of transition.



5 years ago

Macy’s results beat forecasts on holiday sales lift

Department store chain Macy's Inc on Tuesday reported a small drop in sales and profit that topped analysts' expectations with the help of an uptick in holiday sales.



5 years ago

Ex-Facebook executive starts group to help employees push companies on climate

Facebook's former sustainability chief has launched an organization to help employees at big companies press their bosses for more aggressive policies to fight climate change.



5 years ago

Coronavirus concerns spur odd market moves

Some asset prices are moving together in unusual ways, an indication that investors may be preparing their portfolios for a coronavirus-led global slowdown.



5 years ago

Some Samsung, Hyundai workers self-quarantine as Korean Inc braces for virus impact

Some South Korean workers at Samsung Electronics and Hyundai Motor are staying home as a precautionary measure as corporate Korea scrambles to prevent the coronavirus outbreak from disrupting its home market.



5 years ago

Oil prices slide on demand concerns as virus spreads globally

Oil prices tumbled more than 2% on Monday, as the rapid spread of a coronavirus in several countries outside China left investors fretting about a hit to demand.



5 years ago

Cargill to challenge Beyond Meat, Impossible Foods with new plant-based burger

Cargill Inc [CARG.UL] will launch plant-based hamburger patties and ground "fake meat" products in April, the company said on Monday, challenging Beyond Meat and Impossible Foods for sales in grocery stores, cafeterias and restaurants.



5 years ago

Large parts of China relax coronavirus curbs, many places report zero new cases

Urged to restore economic activity by President Xi Jinping, large parts of China relaxed curbs on transport and movement of people on Monday as reported new cases of the coronavirus outside the worst-hit province fell to the lowest in a month.



5 years ago

Italy's UniCredit says Mustier to stay on as CEO

Italy's biggest bank UniCredit said on Monday Chief Executive Jean Pierre Mustier had confirmed he would remain in his role, following media reports that he was being considered for the top job at rival HSBC .



5 years ago

Primark owner warns coronavirus threatens clothing supplies

Primark owner Associated British Foods warned on Monday there was a risk of supply shortages on some lines later in the 2019-20 financial year if delays in factory production in China are prolonged due to coronavirus.



5 years ago

Some Samsung, Hyundai workers self-quarantine as Korea Inc braces for virus impact

Some South Korean workers at Samsung Electronics and Hyundai Motor are staying home as a precautionary measure as corporate Korea scrambles to prevent the coronavirus outbreak from causing widespread disruption in its home market.



5 years ago

Mastercard to add 1,500 technology jobs in Ireland

Mastercard Inc plans to hire 1,500 more staff at its global technology hub in Dublin over the next three to five years, more than trebling the size of its workforce in Ireland's first major multinational jobs announcement of 2020.



5 years ago

Goldman Sachs pleads not guilty in Malaysia over 1MDB bond sales: state media

Three units of Goldman Sachs pleaded not guilty to charges of misleading investors regarding $6.5 billion in bond sales that the U.S. investment bank helped raise for state fund 1Malaysia Development Berhad (1MDB), Bernama state news agency reported on Monday.



5 years ago

Large parts of China ease coronavirus curbs, many report no new cases

Urged to restore economic activity by President Xi Jinping, large parts of China relaxed curbs on transport and travel on Monday as reported new cases of coronavirus outside the worst-hit province fell to the lowest in a month.



5 years ago

Blackstone says to raise its offer for Unizo to 6,000 yen per share

U.S. private equity Blackstone Group said on Monday it would raise its proposed offer price to buy Japan's hotel chain Unizo Holdings to 6,000 yen ($53.78) per share, topping a bid by U.S. investment fund Lone Star.



5 years ago