Finance

LONDON/BRUSSELS, June 24 (Reuters) – The former president of the European Investment Bank, Werner Hoyer, is under investigation for corruption and abuse of influence, as well as the misappropriation of EU funds, allegations the 72-year-old said were “absurd”. The European […]

Hong Kong’s stock exchange plans to take the hatchet to directorships to whittle down the concentration of board seats among the city’s corporate elites to improve governance, a challenge that its chief executive called a “perpetual work in progress.” Hong […]

Analysts surveyed by Citibanamex initially forecast that the central bank would cut rates after a pause in May left the key rate at 10.75%. Now, they’re predicting that the bank will wait until September to decide whether to cut as […]

General Motors’ GM -0.10%decrease; red down pointing triangle lending arm has pulled an application for deposit insurance, a pillar in its efforts to move back into banking and expand its auto-finance business. General Motors Financial, the automaker’s financing subsidiary, said Monday it has […]

BRUSSELS, June 21 (Reuters) – European Union leaders will seek “swift and decisive” progress by the end of the year on a U.S.-style capital market to steer private investment into the bloc’s green and digital economy, according to draft conclusions […]

WASHINGTON, June 24 (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. […]

June 20 (Reuters) – Honeywell (HON.O), opens new tab will buy aerospace and defense technology provider CAES Systems for $1.9 billion, the U.S. manufacturing giant said on Thursday, part of its focus on three broader business trends to drive growth. Since taking […]

BEIJING — China spent $230.8 billion over more than a decade to develop its electric car industry, according to analysis published Thursday by the U.S.-based Center for Strategic and International Studies. The scale of government support represents 18.8% of total electric car […]

HONG KONG, June 21 (Reuters) – Asian hedge funds led global gains in May and the first five months, as bullish sentiment towards regional equities and winning positions in China boosted performance. Asia-focused long/short funds across all strategies rose 2.8% […]