Exclusive: HSBC to axe senior managers in strategy shift - sources
HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
British Airways owner IAG sees coronavirus having only marginal impact on global travel
The coronavirus epidemic will have a only a marginal impact on global travel demand and the airline industry is healthy enough to absorb any economic slowdown...
Trading house Mitsubishi voices concern over coronavirus impact
Japan's Mitsubishi Corp is watching developments from the coronavirus outbreak for effects on the global economy and prices of natural resources, its finance chief said after...
Malaysia's AirAsia X forms committee to review Airbus bribery allegations
Malaysian long-haul budget airline AirAsia X has formed a board committee to review corruption allegations by Britain's Serious Fraud Office (SFO), a stock exchange filing showed...
Argentina's 'little trees' blossom as forex controls fuel black market
On the streets of Buenos Aires, money changers known as "arbolitos" or "little trees" are taking advantage of Argentina's capital controls to take a slice of...
With Tesla stock envy, GM hopes to sell investors on its EV, tech future
General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size,...
Adidas closes 'considerable' number of shops in China due to coronavirus
German sportswear company Adidas on Wednesday said it was closing a "considerable" number of its shops in China, where the fast-spreading coronavirus has killed nearly 500...
Teaching financial education in schools finally catches on
Twenty-one states now require a high school student to take personal finance course to graduate, up from 17 in 2018, according to a new report.
Ford shares fall 8% after disappointing 2020 profit outlook
Shares of Ford Motor Co fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also criticized...
Adidas closes 'considerable' number of stores in China due to coronavirus
German sportswear company Adidas on Wednesday said it was temporarily shutting a "considerable" number of its stores in China due to the coronavirus outbreak which has...
Futures jump on reports of coronavirus treatment breakthroughs
U.S. stock index futures surged on Wednesday on reports of medical breakthroughs in the fight against the fast-spreading coronavirus and expectations of more stimulus from China...
Analyst warns young investors to watch out for Tesla bubble: 'Not to sound like an OK, boomer'
Barclays said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.
Exclusive: Kia in talks over moving $1.1 billion plant to another Indian state - sources
South Korea's Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighboring Andhra Pradesh...
Nasdaq opens at record high on private jobs data, virus treatment talks
Nasdaq hit a record high at the open on Wednesday following a strong monthly domestic private jobs data and on reports of treatments to fight the...
GM forecasts flat 2020 profit after a rough 2019; shares gain
General Motors Co on Wednesday forecast flat profits for 2020 and reported a better-than-expected fourth quarter result as it kicked off a new effort to win...