HSBC has appointed Julian Wentzel as head of global banking for its Middle East, North Africa and Turkey (MENAT) business, according to an internal memo seen by Reuters on Wednesday.
German chancellor Olaf Scholz faces lawmakers' questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.
The British pound was steady on Wednesday as data showed inflation climbed to its highest level in more than four decades in July, heaping pressure on the Bank of England to bring down prices but increasing the risk of a sharper economic slowdown.
Chinese e-commerce software provider Dianxiaomi has raised $110 million in its latest funding round led by Sequoia China and SoftBank Group Corp's Vision Fund 2, an investor in the company said on Wednesday.
S&P Global Ratings will lower its ratings starting point for Mexican non-bank financial institutions (NBFI) to BB-minus from BB, citing financing risks, the ratings agency said on Tuesday.
Royal Bank of Canada (RBC) is updating its hybrid work arrangement that could see more employees coming to the office, Chief Executive Officer Dave McKay said in an internal memo seen by Reuters on Tuesday.
Credit Suisse has appointed James Purcell as head of sustainability framework, according to an internal memo seen by Reuters on Tuesday, as the Swiss bank takes steps to improve shareholder value after a series of scandals tied to its management and operations.
Brazilian investigators are pursuing the first criminal probe of current executives at commodities trading firm Trafigura on allegations they approved the bribery of employees at state-controlled oil producer Petrobras, according to three people familiar with the matter.
Credit Suisse said on Tuesday its asset management arm had filed 18 insurance claims in respect of the frozen supply chain finance funds (SCFF) linked to Greensill.
