Citigroup Inc. is in talks to sell its China onshore retail wealth business to HSBC Holdings Plc, as the latter continues to build out its presence in the mainland, according to people familiar with the matter.
Bonds of sensors producer AMS-Osram AG rose the most on record on Thursday after the company launched a plan to refinance its debt that includes an €800 million ($841 million) equity boost. Shares dropped to the lowest in 12 years.
Taiwan unveiled a prototype of its first submarine assembled at home as it prepares to stave off a potential invasion by China, a feat only made possible with the secretive help of other countries.
Japan’s government may step into foreign exchange markets again if the yen goes beyond 150 against the dollar with officials likely to get concerned if it reaches 155, according to former top forex official Eisuke Sakakibara.
Ryanair Holdings Plc said it faces broad delivery delays of the 737 Max aircraft as Boeing Co. deals with the latest supplier glitch afflicting the workhorse jet, with the disruptions forcing the airline to pare back its winter flight schedule.
India’s current account deficit widened more than expected in the June quarter as imports outpaced exports amid a decline in inbound remittances.
(Bloomberg) — Italy will manage to bring its budget deficit below the limit set by the European Union only in 2026, delaying an earlier objective and risking a confrontation with Brussels.
London and southeast England are seeing the biggest UK home discounts as buyers across the country secure the largest price cuts nationwide in almost five years.
Dalian Wanda Group Co. has started negotiations on a proposal that would allow the conglomerate to avoid repaying about 30 billion yuan ($4.1 billion) to investors in its shopping mall business if the unit fails to complete its initial public offering this year, according to people familiar with the matter.
Mercedes-Benz Group launched revamped versions of its GLE sport-utility vehicles in Japan on Thursday, saying it aims to target executives and business owners in their 50s with the models.
