(Reuters) – Wall Street was set to extend its recovery on Wednesday as a surge in shares of Apple and Boeing after their results overshadowed concerns over the economic impact of a fast-spreading coronavirus. Apple Inc (AAPL.O) gained 1.9% in premarket trading after reporting earnings for the holiday shopping quarter above analysts’ expectations, even as […]

LONDON (Reuters) – Global markets showed further signs of stabilization on Wednesday as investors looked past a rising death toll from China’s coronavirus outbreak to tiptoe back into shares and out of safe-haven assets such as the yen and German bonds. World stocks were nearly flat despite a 3% fall in Hong Kong, where trading […]

New York remains the world’s top financial centre, pushing London further into second place, as Brexit uncertainty undermines the UK capital and Asian hubs catch up, a survey from consultants Duff & Phelps said yesterday. Britain will leave the European Union on Friday, with future access to its biggest financial services customer uncertain after a […]

YOKOHAMA, Japan (Reuters) – Nissan (7201.T) is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said. Japan’s second biggest carmaker is set to eliminate at least 4,300 white-collar jobs and shut two […]

(Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) is planning to cut hundreds of jobs across its consumer division, Bloomberg reported bloom.bg/2GsDvzw on Tuesday, citing people briefed on the matter. The report did not mention the exact number of jobs to be cut but said the planned layoffs represent about 1% of employees in […]

NEW YORK • London-based financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, plans to open an office in Singapore after having raised US$80 million (S$108.4 million) in funding from strategic investors. The company currently operates in Europe and North America, and is looking to expand into Asia. The […]

(Reuters) – Whirlpool Corp (WHR.N) beat analysts’ estimates for quarterly earnings and forecast 2020 profit largely above expectations on Monday, as the appliances maker raised prices and reined in expenses to cushion the impact of higher production costs. Cost of imported steel and aluminum, both major components in the company’s products, have remained high due […]

In many cases student loans are – by design – not big enough to cover the cost of getting a degree, Martin Lewis has warned. The government fully expects that gap to be covered by parents, but parents themselves are frequently left in the dark. Martin said: “Parents often angrily complain to me: ‘It’s a […]

United Overseas Bank (UOB) has collaborated with students from Singapore Polytechnic to set up a branch on their campus. About 40 students and lecturers from the polytechnic attended a workshop to identify what they wanted from the bank branch, said UOB in a statement last Wednesday. Students were given free rein to decide on the […]

Bank of Ireland has launched an internal review after it emerged that a former cybersecurity staff member had not disclosed his true identity when he was recruited. The individual is understood to have worked with the bank directly for two-and-a half-years in the areas of cybersecurity and technology. Sources said that before he was employed […]