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.
Ferrari will be valued at as much as $9.82 billion in an initial public offering when owner Fiat Chrysler Automobiles NV sells a 9 per cent stake in the Italian supercar manufacturer.
The beer industry equivalents of the Hatfields and McCoys are doing a mating dance. Anheuser-Busch InBev last week made public a $104 billion offer for its archrival SABMiller, which promptly rejected the price as too low.