07 December

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LG shakes up loss-making phone business, to outsource lower-end models

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SEOUL (Reuters) - LG Electronics said on Monday it had reorganised its mobile phone division to increase outsourcing of its low to mid-end smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals. LG's mobile communications business, which has reported an operating loss for 22 consecutive quarters, has created a new management title for original design...

07 December

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Enough talk, time for action – Five questions for the ECB

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By Dhara Ranasinghe, Ritvik Carvalho and Saikat Chatterjee LONDON (Reuters) - After months of raising expectations for more stimulus to shore up a coronavirus-hit economy, it's time for the European Central Bank to deliver -- any package at Thursday's meeting that doesn't pack a punch is likely to be met with disappointment. Southern (NYSE:SO) European debt yields have fallen towards record lows,...

07 December

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Capital One stops ‘risky’ buy-now-pay-later credit card transactions

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By Byron Kaye SYDNEY (Reuters) - Capital One Financial Corp (NYSE:COF) (CapOne) has barred customers using its credit cards to clear buy-now-pay-later (BNPL) debt as the transactions bear unacceptable risk, it told Reuters, making it the first to distance itself from the finance alternative. The third-largest U.S. card firm with 62 million accounts, plus more in Canada and Britain, said...

07 December

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Kingfisher joins other retailers to return virus business rates relief aid

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(Reuters) - Kingfisher (LON:KGF), which has benefited from a jump in do-it-yourself projects during coronavirus lockdowns, on Monday joined a growing list of retailers as it announced it would return COVID-19 business rates relief aid given by the UK and Ireland governments. The move follows similar announcements from big players Tesco (LON:TSCO), Sainsbury's and Morrisons to smaller ones,...

07 December

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Ashley’s Frasers Group eyes collapsed British retailer Debenhams

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LONDON (Reuters) - Mike Ashley's Frasers Group said it is in negotiations to buy collapsed department store chain Debenhams from administrators in a rescue deal, which would further extend the retail billionaire's reach in the British high street. Frasers, formerly Sports Direct (LON:FRAS), said that it hoped a deal could...

07 December

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Exclusive: U.S. preparing new sanctions on Chinese officials over Hong Kong crackdown – sources

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By Humeyra Pamuk and Matt Spetalnick WASHINGTON (Reuters) - The United States is preparing to impose sanctions on at least a dozen Chinese officials over their alleged role in Beijing's disqualification of elected opposition legislators in Hong Kong, according to three sources, including a U.S. official familiar with the matter. The move, which could come as soon as Monday, will target officials...

07 December

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Ex-Hong Kong lawmaker says some bank accounts unfrozen, no longer trusts HSBC

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By Donny Kwok HONG KONG (Reuters) - Former Hong Kong democracy lawmaker and activist Ted Hui, who fled to Britain after facing criminal charges, said some of his bank accounts had been unfrozen and he had moved funds swiftly from HSBC because he no longer trusted the global bank. Hui, who faces charges linked to anti-government demonstrations in the Chinese-ruled city last...

07 December

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Bayer signs deal to manufacture, sell Atara’s experimental cancer therapy

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(Reuters) - Germany's Bayer AG (DE:BAYGN) said on Monday it has signed an agreement with Atara Biotherapeutics Inc to manufacture and sell the U.S. drugmaker's experimental cancer therapy, in a move that would expand its oncology pipeline. The deal, part of Bayer's new strategy, came after the company said last week it was setting up an organization within its healthcare...

07 December

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Flush with cash, Chinese hog producer builds world’s largest pig farm

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By Dominique Patton NANYANG, China (Reuters) - Behind the walls of a hulking industrial compound in rural China, top pig producer Muyuan Foods is trying to raise more hogs on a single site than any company in the world - a risky investment with deadly African swine fever lingering. The new farm, which...

07 December

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U.S. Readies New China Sanctions Over Hong Kong, Reuters Says

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(Bloomberg) -- The U.S. is preparing to sanction at least a dozen more Chinese officials over their role in the recent disqualification of Hong Kong legislators, Reuters reported. The latest round of sanctions over Hong Kong could come as early as Monday, Reuters said, citing three people including an American official familiar with the...

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News

LG shakes up loss-making phone business, to outsource lower-end models

Enough talk, time for action – Five questions for the ECB

Capital One stops ‘risky’ buy-now-pay-later credit card transactions

Kingfisher joins other retailers to return virus business rates relief aid

Ashley’s Frasers Group eyes collapsed British retailer Debenhams

Exclusive: U.S. preparing new sanctions on Chinese officials over Hong Kong crackdown – sources

Ex-Hong Kong lawmaker says some bank accounts unfrozen, no longer trusts HSBC

Bayer signs deal to manufacture, sell Atara’s experimental cancer therapy

Flush with cash, Chinese hog producer builds world’s largest pig farm

U.S. Readies New China Sanctions Over Hong Kong, Reuters Says

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