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by Swissquote Analysts
The biggest financial companies that Facebook Inc. recruited to launch a cryptocurrency-based payments network have backed out of the project, threatening to derail an ambitious initiative to remake global finance before it ever gets off the ground. Visa Inc., Mastercard Inc., Stripe Inc. and...
14.10.2019
Renault SA's board is planning a vote Friday on whether to remove Chief Executive Thierry Bolloré amid concerns over the car maker's performance and its tense relationship with Nissan Motor Co., its partner in a globe-spanning alliance, according to people familiar with the matter. Renault said...
11.10.2019
Saudi Arabian Oil Co. may restore its production capacity earlier than planned following the attacks last month on one of its oil facilities, its chief executive said Wednesday, as he insisted plans to list the company had not been affected. State-owned Aramco, the world’s most profitable...
10.10.2019
Nissan Motor Co. said Tuesday that its board has tapped the head of its China business, Makoto Uchida, as the next chief executive. The decision came after a month-long selection process. Some board members had expected the process to last through the month, said people familiar with the board's...
09.10.2019
Topic of the day HSBC Holdings PLC is planning further job cuts to its 238,000 workforce, a person familiar with the matter said, as interim Chief Executive Noel Quinn looks to make his mark on the bank as he competes for the top job. The cuts are in addition to around 5,000 job cuts that were...
08.10.2019
The U.S. economy faces some risks to growth but remains in a good place overall, Federal Reserve Chairman Jerome Powell said. "Our job is to keep it there as long as possible," Mr. Powell said in opening remarks at a conference at the central bank's headquarters in Washington. Mr. Powell and...
07.10.2019
Profit at beverage company PepsiCo Inc. fell from a year ago despite an increase in net revenue. Net income fell to $2.1 billion, a drop from $2.5 billion for the comparable quarter a year earlier. Earnings fell to $1.49 a share, from $1.75 a share, hurt by higher expenses. PepsiCo’s selling,...
04.10.2019
The U.S. is entitled to levy tariffs on $7.5 billion of exports from the European Union over the bloc's subsidies to Airbus SE, the World Trade Organization said, potentially opening up a new front in the Trump administration's global trade fight. The WTO's decision on Wednesday concludes part...
03.10.2019
United States Steel Corp. said it would acquire a stake in Big River Steel, forging a partnership with a lower-cost rival that has threatened its core business. U.S. Steel will pay $700 million in cash for a 49.9% stake in Arkansas-based Big River, with an option to acquire the remaining 50.1%...
02.10.2019
WeWork is taking another step toward shelving its troubled initial public offering. According to a statement, the flexible office space provider plans to ask the Securities and Exchange Commission to withdraw its Form S-1 regulatory document, which companies must file before listing their shares...
01.10.2019
 
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