China c.bank gives green light to Mastercard’s China JV for clearing business
China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country.
Exclusive: Germany’s Volkswagen and Daimler push for more ‘sustainable’ Chile lithium
German automakers Volkswagen and Daimler have launched a study to push for more “sustainable” lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle bo…
Airbnb swings to a loss as costs climb: WSJ
Home rentals giant Airbnb Inc swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported https://www.wsj.com/articles/airbnb-swings-to-a-loss-as-costs-climb-ahead-of-ipo-11581443123?mod=searchresults&page=1&pos=1 on Tuesday, citing people close to the company.
Wells Fargo CEO Scharf shakes up management at scandal-hit bank
Wells Fargo & Co Chief Executive Charles Scharf on Tuesday announced his first major reshuffle since taking over in October, naming several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.
PayPal funds academic research on illegal firearms transactions
PayPal Holdings Inc is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday.
FTC demands data about small buys by Google, Amazon, Apple, Facebook, Microsoft
The Federal Trade Commission has issued special orders to five big tech companies – Alphabet Inc’s Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp – to provide information about mergers too small to report to antitrust agen…
Merkel’s conservatives stop short of Huawei 5G ban in Germany
Lawmakers from German Chancellor Angela Merkel’s ruling conservatives have backed a position paper on 5G mobile networks that recommends tougher rules on foreign vendors while stopping short of banning China’s Huawei [HWT.UL], sources said.
Fed’s Powell says economy in good place, warns on coronavirus
Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the economy’s long-term health.
S&P 500, Nasdaq notch record highs as virus fears wane
The S&P 500 and the Nasdaq indexes scaled new highs on Tuesday as investors took heart from remarks by a top Chinese health adviser that the coronavirus outbreak may be peaking.
Exclusive: Argentina’s Aerolineas to add new flights to New York and Madrid – chairman
Aerolineas Argentinas will add new flights to New York and Madrid as the government-controlled carrier seeks to ramp up sales outside its home country and boost income in an effort to beat back persistent operating losses.
