As the Bank of England makes stress tests more difficult to pass, U.K. banks will have to retain more capital which may see many of them cutting dividend payouts.
The company approved a $1.9 billion bauxite project in northeastern Australia, bucking a trend among resources majors that have largely iced new mines.
Brazilian investment bank BTG Pactual told clients and trading partners the company was operating normally and it remained sound, after the arrest of its CEO in a corruption probe.
Wal-Mart Stores Inc.’s website malfunctioned during the Thanksgiving shopping rush Thursday morning, throwing a wrench in some shoppers’ plans to avoid long lines by grabbing deals online.
The U.K. stress tests have a focus on emerging markets, but investors may have overlooked the potential corporate credit woes.
Global stock markets were little changed Friday, as investors mostly shrugged off a steep drop in Chinese equities.
Engines from Volkswagen’s luxury brand Audi have been implicated in the German car maker’s emissions crisis, leading the unit to suspend two engineers suspected of rigging engines to cheat emissions tests.
China shares fell 5.5% Friday, the biggest daily slide since August, as authorities intensified their crackdown on the securities industry.
Before bargain-hunters entered stores on Thanksgiving, Target employees were busy inside shipping out online orders. The strategy provides a test for how retailers hope to thwart Amazon.
Toshiba Corp. said it is considering selling part of its semiconductor business to raise financing in response to a drawn-out accounting scandal.