HSBC said net profit inched up in first three months of the year, bolstered by a strong performance at its markets business.
China’s property market has perked up of late. But a rally in developer China Evergrande’s stock factors in this—and a whole lot more.
Robots—basically software—are taking over corporate finance departments, replacing armies of people. Jobs vulnerable to automation include accounts-payable and accounts-receivable clerks and analysts.
With Brazil dogged by drought, a sluggish economy and a corruption scandal at its most important company, businesses in Latin America’s largest economy have little to be optimistic about.
The new CEO at McDonald’s plans to sell more restaurants to franchisees and restructure international operations to cut $300 million in annual costs and create a more nimble business.
Ahead of the Tape: Fast food and fast money mix with Noodles & Co., Potbelly and others as McDonald’s flounders.
Chinese car companies such as Great Wall are finally gaining market share with economical SUVs. Such good times won’t last.
Inflation expectations are picking up again, as a rebound in oil prices helps ease an early-year deflation scare.
Worries that regulators may take aim at U.K. insurer Prudential’s seemingly wildly profitable Asian business are overdone.