HSBC profit disappoints as CEO Gulliver bows out
HONG KONG/LONDON (Reuters) – HSBC Holdings reported a smaller than expected rise in annual profits and unveiled plans to raise up to $7 billion to bolster its capital, as CEO Stuart Gulliver hands over to a new leadership team on Tuesday.
Global stocks struggle as bond yields, dollar regain traction
LONDON (Reuters) – A six-day rebound in world stocks began to splutter on Tuesday, as bond market borrowing costs regained traction and the dollar kicked firmly away from a three-year low.
Fashion firms dither over instant shopping on the catwalk
PARIS (Reuters) – Fashion labels may be falling over themselves to court young, smartphone-wielding shoppers, but there’s one millennial-inspired trend that is only catching on slowly: catwalk shows where clothes are available to buy instantly rather t…
LVMH names Serge Brunschwig as new Chairman and CEO of Fendi
PARIS (Reuters) – LVMH , the world’s biggest luxury goods group, named on Tuesday Serge Brunschwig as the new chairman and chief executive of its Fendi fashion house, as part of an internal reshuffle.
Refiner goes belly-up after big payouts to Carlyle Group
NEW YORK (Reuters) – Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload.
Asian stocks slip after European surge fades, dollar extends bounce
TOKYO (Reuters) – Asian stocks slipped on Tuesday, their recent recovery stalling after European equities broke a winning streak, while the dollar edged further away from three-year lows.
NuStar, other energy partnerships simplify business models to spur growth
HOUSTON (Reuters) – Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth.
Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul’s support – sources
SEOUL (Reuters) – General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter s…
GM plans to produce two new models in South Korea: South Korea lawmaker
SEOUL (Reuters) – General Motors Co plans to produce two new models in South Korea, a local lawmaker quoted GM executive Barry Engle as saying at a meeting with South Korean members of parliament.
Samsung Electronics to slash OLED panel production as iPhone X demand disappoints: Nikkei
TOKYO (Reuters) – Samsung Electronics Co will slash output of its organic light-emitting diode (OLED) panels in response to its customer Apple Inc’s decision to cut production of iPhone X amid weak demand, the Nikkei reported on Tuesday.
