HSBC Holdings PLC announced Tuesday, February 18, 2020, that it plans to cut 35,000 jobs in attempts to overhaul its banking strategy. The corporation’s decision comes as the business experienced a significant cut in profits in 2019.
Reuters reports that...
United States investment firm General Atlantic is slated to invest in India’s Reliance Industries Ltd.’s Jio Platforms. The deal is valued at 66 billion rupees, equivalent to approximately $873 million.
General Atlantic is known for helping fund successful start-up companies...
State-owned investment organization Temasek easily becomes one of the largest shareholders of management firm BlackRock following a purchase of another 3.9 percent shares worth $3.5 billion.
The Singapore-based company was among the huge players who went after the $14 billion...
According to Invest In You Savings Survey, 57% of the Americans are more confident now about saving for retirement than they were three years ago, Pre-Trump.
The national survey conducted by Acorns and SurveyMonkey, examined the savings behaviour of more than...
Korean automobile companies Hyundai and Kia recently completed investments in the start-up electric vehicle company Arrival. CNBC reported that the two huge carmakers invested a total of $111.86 million (100 million euros) to the United Kingdom-based firm, which was...
Blackstone, the U.S. alternative asset management and financial services provider, recently posted a 58% drop in net income due to a decline in investment income.
The world's largest publicly traded private-equity firm has seen its net income slid to $647...
IKEA stores owner Ingka Group pledges to make a €600 million investment (approximately $712 million) towards meeting its sustainability goals over the next 12 months. The investment comes as Ingka Group gears itself to meet the Swedish furniture maker’s...
Concord Health Partners, a healthcare-focused investment firm, announced Wednesday, Oct 23, it has appointed Tim Leahy as the new Managing Director of the firm’s investment team.
In a press release, the company provided a brief overview of Mr. Leahy’s credentials....
CabbageTech CEO Patrick McDonnell was indicted in New York after being charged with defrauding investors out of more than $200,000, says Coin Desk. Using the name Jason Flack, McDonnel stole from November 2014 to January 2018. He was able...
According to Investment Coordinating Board (BKPM) spokesperson Tina Talisa, Indonesia is expecting investments from Japan, South Korea, and the United States as they set up manufacturing in the country.
The unnamed firms are ‘looking to invest’ two industrial estates under...
