Citigroup Inc. Chief Financial Officer Mark Mason said his firm will adjust headcount in its investment banking division as necessary as it continues to look for ways to boost profits.
Prospects of a confrontation between Brazil’s congress and the billionaire shareholders behind Americanas SA are growing as enough lawmakers have signed a petition to start an investigation into the financial collapse of the troubled retailer.
President Joe Biden is calling for an end to valuable tax breaks for private equity fund managers, oil companies, along with investors in crypto and real estate, in his upcoming budget proposal.
President Joe Biden’s budget proposal is an opening salvo in the looming impasse with Republicans over raising the debt ceiling and funding the US government.
An experimental Eli Lilly & Co. drug failed to prevent cognitive decline in people at risk for Alzheimer’s disease in a closely watched drug trial backed by the company and the US government.
For decades, China’s premiers were towering figures in Beijing. It was Zhou Enlai who toasted then-President Richard Nixon on his historic trip to the communist-led country while Zhu Rongji was the undisputed spokesman for economic reform in the late-1990s.
A cluster of seven wind turbines towering above shrimp ponds and banana trees in Vietnam’s Ben Tre province should have been feeding clean power into the grid by now. Instead, they’ve sat idle for months and become a symbol of the red tape that’s plaguing the development of green electricity in the country.
Wall Street didn’t get much relief from Jerome Powell’s testimony to American lawmakers — especially after another round of jobs figures came on the hot side, bolstering bets the Federal Reserve will have no alternative but remain hawkish in the months to come.
US Energy Secretary Jennifer Granholm praised oil executives for boosting output and lauded the industry’s “creative visionaries” in an attempt to ease tensions between the Biden administration and fossil-fuel producers.
Uber Technologies Inc. is exploring whether to spin off its Uber Freight logistics arm in a sale or as a separate publicly traded company to streamline its focus on ride hailing and food delivery, according to people familiar with the matter.
