Finance

HONG KONG — HSBC Holdings CEO Noel Quinn is set to retire, the bank announced Tuesday, as it revealed its first-quarter earnings and offered an update on the long-awaited sale of its Russia operations. Quinn, who has been in the […]

TOKYO — The head of the successor to SoftBank Group’s $2 billion fund focused on Asia says venture capitalists must change the way they fund startups, since the ones that use artificial intelligence can scale up much faster than currently […]

TOKYO — Mizuho Financial Group plans to double the value of its assets under management to $1 trillion, or roughly 148 trillion yen, over the next 10 years, a top executive at the Japanese banking conglomerate told Nikkei in an […]

TOKYO — Japan’s suspected yen-buying interventions last week may have yielded an estimated 2 trillion yen ($13 billion) in capital gains, potentially boosting a surplus on its foreign reserve account and fueling debate on how such funds should be used. […]

Shares in Novavax (NVAX) surged after the vaccine maker said it had struck a $1.4 billion licensing deal with Sanofi (SNY, FR:SAN). Novavax shares were up 139% shortly after the market open, at $10.69. The shares remain well off their record […]

LONDON (Reuters) -Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict in the Middle East added support. Brent futures were […]

NEW YORK, May 9 (Reuters) – Chinese electric vehicle maker Zeekr Intelligent Technology (ZK.N), opens new tab priced its U.S. initial public offering (IPO) at the top of its indicated range, raising $441 million, it said on Friday. Zeekr, which is the […]

BEIJING – China’s railway investment has picked up pace since the beginning of this year, data from the country’s railway operator showed Thursday. During the January-April period, fixed-asset investment in the country’s railway sector reached 184.9 billion yuan (about $26 […]

Spanish bank BBVA caught markets by surprise on Thursday after it announced a rare hostile takeover bid for domestic rival Banco Sabadell, with one investment firm describing the situation as “very strange.” The move comes shortly after a separate 12 billion euro ($12.87 […]

HONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street’s lull stretched into a second day, with Chinese benchmarks rising after China reported better than expected trade figures for April. U.S. futures were slightly lower and oil […]