August 6, 2018

China fines Alipay for violating payment services regulations

The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, […]
August 6, 2018

Oil gains after monthly Saudi output unexpectedly drops

Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent […]
August 6, 2018

EU asks WTO to certify it has removed Airbus subsidies

The European Union has asked the World Trade Organization to certify that it has complied with WTO rulings on its subsidies for planemaker Airbus, attempting to […]
August 6, 2018

PepsiCo CEO Nooyi to step down, Ramon Laguarta to succeed

PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as […]
August 6, 2018

Honda to recall 96,900 SUVs in China, runs checks on two models

Honda Motor Co on Monday said it will recall 96,900 Avancier sport utility vehicles (SUVs) in China, due to a cold-climate engine problem that has already […]
August 6, 2018

Rising costs and U.S. settlement crimp HSBC’s first-half profit

HSBC Holdings Plc posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million settlement […]
August 6, 2018

Linde shares drop as Praxair merger hits U.S. antitrust hurdle

Shares in Linde plunged more than 8 percent on Monday after the industrial gases group’s planned $87 billion merger with Praxair was put in doubt by […]
August 6, 2018

BOJ’s architect of ‘shock and awe’ plots retreat from stimulus

More than five years into a radical plan to boost the world’s third-biggest economy, the Bank of Japan sent a message of quiet surrender last week, […]
August 6, 2018

HSBC first-half pretax profit rises 4.6 percent, second quarter beats estimates

HSBC Holdings Plc said on Monday its pretax profit rose 4.6 percent for the first half of the year, as Europe’s biggest bank showed early progress […]
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