News

Market data suggest investors are scaling back bets for an interest-rate cut

South African Airways (SAA) should be retained as a national airline but requires substantial restructuring, the governing African National Congress (ANC) party's Secretary General Ace Magashule said on Wednesday.

London-based asset manager CQS, founded by billionaire investor Michael Hintze, said on Wednesday that Xavier Rolet is to step down as chief executive in February and take up a position as strategic adviser.

* Plan would let Hong Kong, Thai banks use a CBDC to move funds

Asian investors with money in the U.S. equities market are unwilling to cash out their bets just yet - but some are beginning to buy insurance against a correction, according to a quant fund manager who advises clients on asset allocation.

Lebanon's Prime Minister Hassan Diab said on Wednesday that dismissing Central Bank Governor Riad Salameh was "currently out of the question".

Hungary's OTP Bank is in talks to buy Garanti BBVA's Romanian unit, Romanian online financial news outlet Profit.ro said, citing banking market sources.

Stress testing of banks in the European Union to check their ability to withstand market shocks without taxpayer help should be eased to cut bank costs, the EU's banking regulator proposed on Wednesday.

The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through.

Canadian prosecutors are expected to defend on Wednesday their case to extradite Huawei Chief Financial Officer Meng Wanzhou to the United States saying Meng was arrested on charges of bank fraud, which is a crime in both countries, and not because of U.S. sanctions against Iran as argued by the...