Finance
HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns
By Selena Li and Sumeet Chatterjee HONG KONG (Reuters) -HSBC posted annual profit on Wednesday that...
19th February, 2025
corporate strategy
Finance
Chevron staffers absorb long-awaited layoffs as CEO pledges accountability
By Ernest Scheyder and Sheila Dang HOUSTON (Reuters) - During an internal town hall meeting last wee...
19th February, 2025
Finance
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
(Reuters) - Oil major BP is considering a potential sale of its lubricants business, Castrol, which...
18th February, 2025
Finance
Italy's Poste ready to raise Telecom Italia stake as M&A looms
MILAN (Reuters) - State-backed Poste Italiane is ready to increase its recently acquired stake in Te...
18th February, 2025
Finance
Continental to cut further 3,000 jobs in R&D in automotive branch
(Reuters) -Continental's automotive branch plans to cut 3,000 jobs in its research and development s...
18th February, 2025
Finance
Commerzbank signs 15-year contract for new high-rise Frankfurt office
FRANKFURT (Reuters) - Commerzbank, which last week announced job cuts in Germany as it fends off a t...
18th February, 2025
Finance
Edenred sees 2025 headwinds overshadow profit beat; shares fall
By Dimitri Rhodes and Hugo Lhomedet (Reuters) - French vouchers provider Edenred said on Tuesday it...
18th February, 2025
Finance
Edenred beats annual profit expectations, driven by medium-term strategic plan
(Reuters) - French vouchers provider Edenred reported higher-than-expected annual core profit on Tue...
18th February, 2025
Finance
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source says
By Selena Li and Scott Murdoch HONG KONG/SYDNEY (Reuters) -HSBC has laid off around 40 investment ba...
18th February, 2025
Finance
Factbox-Key elements of Commerzbank's strategy update as it fends off UniCredit
FRANKFURT (Reuters) - Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitio...
13th February, 2025
Finance
Schindler upbeat on North America, says local sourcing means no US tariff hit
By Bartosz Dabrowski and Bernadette Hogg (Reuters) -Swiss lift and escalator maker Schindler on Wedn...
12th February, 2025
Finance
Henkel to sell retailer brands business in North America
(Reuters) - German consumer goods maker Henkel said on Friday it would sell its retailer brands busi...
7th February, 2025