BUSINESS

Porsche's leadership set-up and the limited influence for stock market investors after its IPO are prompting some fund managers - particularly those focussed on governance issues - to think twice about whether to invest in the listing.

Stiglitz says oil firms did nothing to deserve windfall profits

A Carnival Cruise was the scene of another brawl onboard its Sunrise ship.

Shares of FedEx slumped 20% on Friday as the delivery heavyweight's withdrawal of a recently issued forecast amplified worries over softening demand as consumers across the world battle surging inflation.

Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as a fair price that the global economy can absorb, sources familiar with government thinking in the two countries told Reuters.

FedEx will also park planes, reduce hours, and close at least five corporate offices amid the market volatility.

Goodbye to the queen: bows, curtsies, even a wave

U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Friday, citing their potential for misuse and harm even as it noted their growing role in global finance.

Ukraine says graves and 'torture centres' found in recaptured east

Wave of Lebanon bank 'heists' to seize back frozen savings

The departure of Credit Suisse Group AG from the business of servicing hedge funds unleashed a battle for market share among banks, with the three biggest players getting bigger, according to prime brokers and new industry data.

French traffic controllers' strike disrupts European air travel

Prices soaring everywhere: from beans in Brazil to pork in China

India's Adani briefly listed as world's second-richest person

Airbus Helicopters expects new orders and deliveries to keep growing this year, its chief executive told Reuters, as a scramble for new energy supplies and higher military spending accelerate a recovery in the long-sluggish rotary-wing sector.

Global trade bellwethers like FedEx and Cathay Pacific Airways have cast a pall over the year-end holiday shopping season - the business slowdown they're seeing points to weaker-than-expected consumer demand, not a Christmas bonanza.

Macau's government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots.

New York-based private equity firm Warburg Pincus LLC is in talks to invest around $150 million in Indian small-business lender Vistaar Finance, two sources familiar with the matter told Reuters, marking its latest bet in a booming lending market.

Germany seizes Russian energy firm's subsidiaries

Spanish islanders struggle one year after volcanic eruption

Adobe Inc agreed on Thursday to acquire cloud-based designer platform Figma for $20 billion, sparking investor concerns about the rich price tag that led to a drop of more than $30 billion in the market value of the Photoshop maker.

Dealmakers, fund managers and CEOs are flocking to Singapore for a slew of high-profile conferences this month, as the city-state burnishes its credentials as a major global financial centre.

Proposed rules by the U.S. Securities and Exchange Commission (SEC) to boost central clearing in Treasuries could help to shore up resiliency in the $24 trillion market and may pave the way for more trading that bypasses the large banks that have traditionally dominated the market.

Banks' cryptocurrency projects have been upended by U.S.

Asian stocks open lower as all eyes on Fed decision next week

Charles travels to Wales ahead of 'princes vigil' for queen

Makers of the top selling drugs in the United States are costing patients billions of dollars and worsening a drug pricing crisis by abusing the U.S.

Long lost moon could have been responsible for Saturn's rings

Kanye West ends Gap partnership, aims to open own boutiques