Category: Business

Deutsche Bank AG (DBKGn.DE), JPMorgan Chase & Co (JPM.N) and Societe Generale SA (SOGN.PA) are changing to a Saturday-Sunday weekend from the New Year in the United Arab Emirates (UAE) which is aligning its working week with most global markets. Read more

Kaisa Group (1638.HK) said on Monday it has not received any notice from bondholders to accelerate repayments yet as the embattled Chinese property developer has not repaid a $400 million offshore bond. The firm said it also did not pay Read more

Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation’s industrial engine – the steel sector – and started to ripple through to other critical parts of the world’s second-largest economy. Read more

As a long-running Sino-U.S. diplomatic spat threatens to force Chinese companies off American stock exchanges, global equity investors are assessing ways to retain or add exposure to the world’s second-biggest economy. Fund managers are planning or accelerating a shift out Read more

British drugmaker GlaxoSmithKline Plc (GSK.L) has picked Dave Lewis, former chief executive of Tesco Plc (TSCO.L), to chair its consumer healthcare unit, which is due to be spun off next year, a source familiar with the matter said on Sunday. Read more

French growth and inflation will moderate in 2022 after a faster than expected recovery this year, after which a tighter labour market will boost wages, the French central bank forecast on Sunday. The euro zone’s second-biggest economy is set to Read more

Russia’s financial system would be able to cope even if it was disconnected from the SWIFT global interbank payments system, the head of the country’s second-largest lender VTB Bank (VTBR.MM) said on Sunday, but added he did not think such Read more