Business

Outflows at GAM Holding were "materially lower" in the second quarter than in the first, the asset manager said on Tuesday, adding that its campaign to cut costs by at least 65 million Swiss francs ($70.8 million) this year was on track.

Asian shares rose on Tuesday after strong U.S. manufacturing data and gains in tech stocks helped investors look past broader worries about the coronavirus and global economy.

Subaru Corp on Tuesday forecast its annual operating profit would drop to a nineyear low this year as it expects to take a sales hit in the United States, its largest market where the number of coronavirus infections continues to climb.

Singapore banks are likely to report their average net interest margins fell the most quarteronquarter in 18 years as interest rates weakened, while profits on the year are seen taking a hit from the impact of the COVID19 pandemic and weak asset quality.

General Motors Co on Monday asked a U.S. federal judge to reinstate a racketeering lawsuit against Fiat Chrysler Automobiles NV (FCA), saying it has new information on foreign accounts used in an alleged bribery scheme involving its smaller rival and unio...

Insurer American International Group Inc on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower privateequity returns.

The outlook on Yes Bank's ratings where applicable is changed to stable from positive, Moody's said in a statement.

Sovereign borrowing costs have taken another lurch lower as more COVID19 outbreaks threaten economic recovery, yet five months after the pandemic panic first hit, a divergence is opening up within four of the world's biggest bond markets.

Luxury carmaker Ferrari trimmed its fullyear earnings forecast on Monday after secondquarter income plunged due to supply chain and production disruptions during the coronavirus pandemic.

Societe Generale SA (SocGen) reported a 1.26 billion euro ($1.48 billion) secondquarter loss on Monday, as it booked a writedown on the value of its trading business that it seeks to revamp.

HSBC Holdings PLC posted a higherthanexpected 65% tumble in firsthalf pretax profit as the coronavirus pandemic and its impact on businesses forced the Asiafocused bank to boost its loanloss provisions.

HSBC Holdings PLC posted a 65% tumble in firsthalf pretax profit, more than expected, as the coronavirus pandemic and its impact on businesses forced the Asiafocused bank to boost its loanloss provisions.

In an address to lawmakers, Pinera said public investment in 2020-2022 will reach $34 billion, of which $4.5 billion had not previously been announced. The center-right leader warned against populist solutions to Chile’s economic woes, which include huge...

The European Union's executive on Friday wrapped up preliminary talks with French drugmaker Sanofi aimed at securing its COVID19 vaccine for the 27country EU bloc, the latest deal with vaccine producers.

A small profit in North America helped Fiat Chrysler Automobiles (FCA) to limit losses from the COVID19 crisis in its second quarter, and the automaker forecast a "much, much better second half" ahead of its planned 2021 merger with France's PSA Group.

China's ministry of commerce said on Friday that it hopes the economic and trade community will continue to play a role as a stabilizer in its relations with the United States, as this will benefit all countries in the world.