Standard Chartered, the British-based, Asian-focused bank, said that it planned to reduce senior staff positions by 25 per cent while cutting costs and reshaping the company under its new chief executive, William T Winters.
LIMA The Group of 20 major economies have endorsed a package of measures to tackle corporate tax avoidance, but questions remain about whether countries will follow through on the plans or leave loopholes multinationals can exploit.
US Glencore Plc billionaire Chief Executive Officer Ivan Glasenberg has declared war on the hedge funds he says are distorting commodity prices and intensifying a price slump.
A logo is seen on a new Ferrari Berlinette car displayed on media day at the Paris Mondial de l'Automobile. Photo: Reuters. mail · print.
Sony is reportedly all set to consider other options for its smartphone business if it fails to garner a profit in 2016 but there are no certain plans to exit.