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Business

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Goldman Sachs investment banking co-head Lemkau to retire: memo

FILE PHOTO: The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange, September 11, 2013. REUTERS/Lucas Jackson/File Photo(Reuters) – Gregg Lemkau, the co-head of investment banking at Goldman Sachs Group Inc GS.N, is set to retire and will be replaced by company veteran Jim Esposito, according to […]

Biden’s China Policy? A Balancing Act for a Toxic Relationship

WASHINGTON — In addition to a deadly pandemic and a weakened economy, President-elect Joseph R. Biden Jr. will inherit one more challenge when he takes office in January: a toxic relationship with the world’s second-largest economy. President Trump has placed tariffs on hundreds of billions of dollars of products from China, imposed sanctions on Chinese […]

Global stocks head for record high on recovery, vaccine hopes

LONDON/SYDNEY (Reuters) – Global stocks eyed a fresh record high on Monday as signs of economic recovery in China and Japan, recent strong corporate earnings and hopes of a COVID-19 vaccine bolstered investor sentiment.FILE PHOTO: Passersby wearing protective face masks walk past a screen displaying Nikkei share average and world stock indexes outside a brokerage, […]

Global stocks head for record high on recovery, vaccine hopes

LONDON/SYDNEY (Reuters) – Global stocks eyed a fresh record high on Monday as signs of economic recovery in China and Japan, recent strong corporate earnings and hopes of a COVID-19 vaccine bolstered investor sentiment.FILE PHOTO: Passersby wearing protective face masks walk past a screen displaying Nikkei share average and world stock indexes outside a brokerage, […]

Privacy activist files complaints against Apple's tracking tool

BERLIN (Reuters) – A group led by privacy activist Max Schrems on Monday filed complaints with German and Spanish data protection authorities over Apple’s AAPL.O online tracking tool, alleging that it allows iPhones to store users’ data without their consent in breach of European law.Slideshow ( 2 images )It is the first such major action […]

Privacy activist files complaints against Apple's tracking tool

BERLIN (Reuters) – A group led by privacy activist Max Schrems on Monday filed complaints with German and Spanish data protection authorities over Apple’s AAPL.O online tracking tool, alleging that it allows iPhones to store users’ data without their consent in breach of European law.Slideshow ( 2 images )It is the first such major action […]

PNC Financial in talks to buy BBVA's U.S. arm for over $10 billion: source

FILE PHOTO: The logo above a PNC Bank is shown in Charlotte, North Carolina April 18, 2012. REUTERS/Chris Keane (Reuters) – PNC Financial Services Group Inc PNC.N is in advanced talks to buy the U.S. arm of Spanish bank BBVA BBVA.MC for more than $10 billion in an all-cash deal, according to a person familiar […]

PNC Financial in talks to buy BBVA's U.S. arm for over $10 billion: source

FILE PHOTO: The logo above a PNC Bank is shown in Charlotte, North Carolina April 18, 2012. REUTERS/Chris Keane (Reuters) – PNC Financial Services Group Inc PNC.N is in advanced talks to buy the U.S. arm of Spanish bank BBVA BBVA.MC for more than $10 billion in an all-cash deal, according to a person familiar […]

Christopher Niesche: China’s psychological war on Australian business

OPINION Australia’s latest stoush with China is not so much a trade war as a psychological war waged by the Chinese against Australian businesses. Many companies are ending up as collateral damage in the worsening diplomatic relationship between Canberra and Beijing. Read More Christopher Niesche: Australia’s richest boost fortunes despite pandemic Christopher Niesche: Crown Sydney […]

The Linq @ Beauty World sells 96% of residential units in weekend launch

SINGAPORE (THE BUSINESS TIMES) – MIxed-use development The Linq @ Beauty World sold 115 out of 120 apartments over the weekend, in a Covid-19-era, tech-enabled launch. The freehold project, at Beauty World MRT station, includes two floors of shops and a 20-storey residential block. Units fetched between $2,150 and $2,200 per square foot on average, […]