Billionaires had a rough year in 2015 - relatively speaking
Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study has found.
Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study has found.
China is planning to merge state-owned Sinochem Group and China National Chemical Corp, according to a person familiar with the matter.
HP, the hardware business of former Hewlett-Packard, expects to cut as many as 4000 jobs in the next three years.
Overnight, the UK awoke to fears of a nationwide Marmite shortage.
There's just one US chief executive in HBR's top 10 and only two Australians in the top 100.
Sterling's 17 per cent plunge since Brexit is driving up import prices for consumer goods makers.
Wells Fargo & Co chairman and chief executive officer, John Stumpf, will retire immediately.
Samsung slashed third-quarter profit estimates, saying it'll cost $3 billion to scrap the problem-plagued Galaxy Note 7.
If America were a public company, Trump probably would be ousted as its chief executive officer after his recent vulgar remarks about women caught on tape.
At this point, one thing about the Galaxy Note 7 is very clear: Samsung's latest smartphone is unsafe.
As Europe has grappled with the trauma of a devastating financial and economic crisis, policymakers have consistently relied on one approach to managing the damage that flows from budget austerity.
Facebook has released "Workplace", a communication tool meant to foster more productivity in the office.
Snapchat has begun preparing filings for an initial public offering and is aiming to sell shares in the first quarter of next year, according to people familiar with the matter.
Banks are transitioning from outdated business models that rely on large-scale balance sheets, and Deutsche Bank falls into this bucket, IMF official says.
Twitter has yet to make a profit in its 11 quarters as a public company. It wants to conclude sales talks by month's end.
Don't be lulled by Hillary Clinton picking up a couple of points in the opinion polls overnight - Donald Trump remains a clear and present danger.
What may happen, and what probably won't, starting with the scary - but in my view implausible - prospect that Deutsche Bank's woes could become a "Lehman moment".
Deserving or not, business scandal is irresistible theatre.
European banks are preparing a fresh round of bloodletting - with some 20,000 jobs set to go - as tougher rules and negative interest rates weigh on profits.
If Facebook were to place an ad, it would read something like this. Wanted: Facebook users to buy and sell stuff.
Global banking giants make a nice return by capturing their share of the trillions of dollars that course through financial markets each day. But few are as reliant on this business as Deutsche Bank.
Europe's banks are fast being enveloped by a perfect storm of negatives, and this time around, it is substantially the policymakers and law enforcers who are to blame.
Six current and former managers of Deutsche Bank AG - including ex-asset and wealth management head Michele Faissola - along with former executives at Nomura Holdings Inc. and Banca Monte dei Paschi di Siena SpA were charged in Milan for colluding to falsify the accounts of Italy's third-biggest bank and manipulate the market.
The media landscape in the next decade will involve Facebook becoming a real news provider,says CNN anchor and correspondent Hala Gorani.
Hong Kong chief executive Leung Chun-ying has threatened to sue a popular local newspaper over "vicious and malicious" accusations of corruption.
Even before the opening bell in New York, Thursday looked like a grim day for some of the giants of global banking. But few expected the barrage of bad news that was about to hit.
As China's economy slows, so too has its workers' appetite for instant noodles.
Takahiro Kusakari went from being a self-described bum getting by on bit-part acting roles in Tokyo to calling the shots at Japan's biggest independent investment fund.
Wells Fargo's move to strip its CEO of shares and salary has made bankers fearful the hardening push against corporate wrongdoing will encourage boards to be more aggressive about their pay.
When I first heard Elon Musk had asked his audience if they were willing to die in a great endeavour, I assumed he was speaking to shareholders.
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.