Business - Page 2

The plan envisages splitting the bank’s Institutional Clients Group (ICG) into its three primary business segments: investment and corporate banking, global markets, and transaction services, the FT reported on Monday. The division…

Blame it on economic theory not matching reality, groupthink among forecasters, or political partisanship by opponents of the Biden administration. However, a year ago, much of the U.S. was convinced the country…

On Thursday, Hyundai Motor (005380. KS) and Kia Motor (000270. KS) said they are recalling more than 91,000 newer vehicles in the United States because of fire risks and urged owners to…

Global private equity firm Bain has agreed to acquire 90% of Adani Capital and Adani Housing, the non-banking financial arm of the Adani group, which started its lending operations in 2017. The…

The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow’s mayor as showing the resilience of Russia’s auto industry to Western sanctions. But…

Finland’s Nokia cut its annual outlook on Friday, and Swedish rival Ericsson (ERICb.ST) reported plunging quarterly profits as a slowdown in consumer spending hit sales of telecommunications gear. Nokia, which sells four…

In a significant move aimed at enhancing its power supply infrastructure and embracing renewable energy sources, Iraq has signed a significant agreement with TotalEnergies, a global energy company. The agreement, valued at…

Tesla offers more incentives to buy its electric vehicles in the world’s largest EV market as it struggles to keep pace with Chinese competitors that have cut prices. The company said on…

In a significant industry move, e-commerce giant Overstock.com has completed its merger deal with retail powerhouse Bed Bath & Beyond. As part of this transformative agreement, Overstock.com will undergo a brand overhaul…

Prime Minister Benjamin Netanyahu said on Sunday, calling the deal the most significant international investment in the country, U.S. chipmaker Intel Corp (INTC.O) will spend $25 billion on a new factory in…