Macy’s Inc. Chief Executive Officer Jeff Gennette will retire in February after nearly seven years of navigating a difficult department-store landscape, ceding the position to Bloomingdale’s CEO Tony Spring.
Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters after the plan faced a nearly two-year lull.
The Bank of England warned the next blow up in financial markets may be triggered by corporate credit after a massive build-up in private debt over the past decade.
Adani Group shares rose on Wednesday after the conglomerate rebutted reports about its ability to repay debt.
Bumps on the road are not unusual for corporate China, even for the largest initial public offerings. Still, having spent roughly four years on on-again off-again preparations for a listing, executives and advisers at agrochemical giant Syngenta Group were left shocked by a last-minute hitch.
Malaysian Prime Minister Anwar Ibrahim will visit Beijing starting Wednesday through April 1, during which he will meet with Chinese President Xi Jinping as part of efforts to reinvigorate relations in the post-pandemic era.
UBS Group AG Chairman Colm Kelleher said that the task of integrating Credit Suisse Group AG is bigger than any deal that was executed during the height of the financial crisis in 2008, underlining the magnitude of the task facing Sergio Ermotti.
Germany, France, Italy and seven other European Union nations expressed opposition to a proposed ban on fees that funds pay banks to offer their investments, citing risks it could reduce advice to savers and the source of capital that they represent.
Citigroup Inc. is bolstering its sterling rates desk after its traders saw revenue more than double last year.
Airbus SE said that it will no longer pursue a minority holding in Atos SE’s Evidian, ending a bid to buy a stake in the spinoff of its cybersecurity, cloud and supercomputing businesses.
