In Davos, Xi makes case for Chinese leadership role
DAVOS, Switzerland (Reuters) – Chinese President Xi Jinping offered a vigorous defense of free trade at the World Economic Forum in Davos on Tuesday in a speech that underscored Beijing’s desire to play a greater global role as the United States turns …
Toymaker Mattel names Google’s Americas president as CEO
(Reuters) – Mattel Inc , the largest U.S. toymaker, said on Tuesday that Google Inc’s Americas president, Margaret Georgiadis, will become its chief executive, replacing Christopher Sinclair.
Blockchain could save investment banks up to $12 billion a year: Accenture
NEW YORK/LONDON (Reuters) – Blockchain technology could help the world’s largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025, according to a report by Accenture.
Chinese leader pushes back against Trump on free trade
DAVOS, Switzerland (Reuters) – Chinese President Xi Jinping offered a vigorous defence of globalisation and free trade in a speech at the World Economic Forum in Davos on Tuesday, which underscored Beijing’s desire to play a greater global role as the …
Despite Dimon’s criticism, JPMorgan funds closely track ISS on executive pay
BOSTON (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon has been no fan of Institutional Shareholder Services and once called investors “lazy” if they cast votes in corporate elections based on recommendations from the leading proxy adviser or its rival.
Citi appoints former UK foreign minister Hague as senior adviser
LONDON (Reuters) – Citigroup has hired former British foreign minister William Hague to be a senior adviser to the Wall Street bank, as Britain prepares to negotiate its exit from the European Union.
Audi and FAW sign China electric car cooperation deal
FRANKFURT (Reuters) – Volkswagen’s Audi AG said it will expand its model portfolio in China to include locally produced electric cars produced by FAW VW, handing a lifeline to China FAW Group Corp.[SASACJ.UL] whose brands have struggled.
Exclusive: Global ship insurers to resume near full coverage for Iran oil – officials
TOKYO/SINGAPORE (Reuters) – Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and Lo…
Hyundai Motor to boost U.S. investment as automakers respond to Trump
SEOUL (Reuters) – The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new plant there – the latest auto firm to announce fresh spending after President-elect Donald Trump threatene…
Credit Suisse CEO sees conditions improving in 2017: Bloomberg TV
ZURICH (Reuters) – Credit Suisse Chief Executive Tidjane Thiam sees market conditions improving during 2017 as the bank’s reorganization gathers pace and its efficiency drive continues.
