Elliott takes 6.1 percent stake in Dutch Intertrust
Paul Elliott Singer, the hedge fund manager behind activist investor Elliott, has taken a 6.1 percent stake in Dutch trust and business administration company Intertrust, according to a filing published by the Dutch Authority for Financial Markets (AFM…
Honda to hold news conference after UK factory closure news
Honda Motor Co Ltd said on Tuesday it would hold a news conference at 0800 GMT, a day after a British lawmaker said the Japanese car maker will announce the closure of its only British car plant.
Goldman Sachs Asia Pacific CEO to retire: Bloomberg
Goldman Sachs Group Inc’s Chairman and Chief Executive for the Asia-Pacific region excluding Japan, Ken Hitchner, is retiring from the company, Bloomberg reported on Tuesday, citing people with knowledge of the matter.
HSBC profit disappoints as China, Britain weakness poses challenge
HSBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business, while cautioning that a weaker economic outlook for China and Britain would throw up further hurdles this year.
Mexico pushes mobile payments to help unbanked consumers ditch cash
Mexico’s new leftist government is betting on financial technology to help lift people out of poverty.
British supermarkets battle to secure stocks as chaotic Brexit looms
Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing on trade terms, food industry officials say.
Asian shares flirt with four-month highs, yen eases on Kuroda comments
Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen slipped as the Japanese central bank said it won’t rule out further policy easing.
HSBC’s 2018 profit misses estimates; China weakness poses growth risks
HSBC Holdings Plc posted on Tuesday a 15.9 percent rise in 2018 profit, supported by business growth in its core markets of Asia and Britain, but market weakness in the fourth quarter resulted in the bank missing street estimates.
Honda to shut UK car plant in 2022 with the loss of 3,500 jobs
Japanese car maker Honda is set to announce it’s closing its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches.
Mongolia suspends KFC outlets after hundreds show food poisoning symptoms
Mongolia has temporarily suspended operations of all KFC restaurants in the country to conduct an inquiry, as 42 people were hospitalized and hundreds showed food poisoning symptoms after eating at one of the outlets of the fast-food chain.
