Business News
Losses on crude oil investment product at Bank of China could hit $1.3bn
2020-04-26
Total losses from a structured crude oil product marketed by the Bank of China to retail investors could amount to more than 9 billion yuan ($1.27 billion), the financial news outlet Caixin reported on Sunday, citing official sources.
After Boeing scraps $4.2 billion in tie-up Embraer hits out
2020-04-26
Saturday, Boeing Co pulled out of a $4.2 billion deal to buy Embraer's commercial jets division, sparking a furious response from its jilted partner and leaving plans for an alliance between the U.S. and Brazil from regional jets to jumbos in tatters.
Asia shares to precautionary start, U.S. crude slides
2020-04-20
Caution gripped Asian share businesses on Monday over expectations a busy week of corporate earnings reports and economic data will drive home the damage caused by the worldwide virus lockdown, while U.S. crude prices got an early spill.
UK finance job seekers increase by 43 percent in the first quarter, with coronavirus impacts on recruitment
2020-04-20
In the first quarter, the number of UK finance professionals seeking new jobs increased by more than 40 percent compared to the last three months of 2019, even as coronavirus forced employers to pause hiring and cut salary offers by 37 percent, as shown by data released Monday.
During downturn, Disney stops paying 100,000 workers
2020-04-20
Entertainment giant Disney will stop paying almost half of its workforce as it battles shutdowns of viruses.