UK and Switzerland sign post-Brexit financial services deal
LONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe’s…
Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC…
Annuity sales are on track for a record year. Here’s what to know before buying
Consumers pumped record money into annuities in 2023, on the back of higher interest rates and anxiety about the stock…
UK inflation slide fuels rate cut bets and jolts markets
LONDON — U.K. inflation fell by more than expected to hit 3.9% in November, in the lowest annual reading since…
Tesla cut EV prices in China more than BYD did for its flagship Han sedan this year, study finds
BEIJING — Tesla cut prices for its electric cars in China by more than BYD did for its flagship Han…
Alibaba CEO Eddie Wu to lead Taobao and Tmall e-commerce business in latest reshuffle
BEIJING — Alibaba Group CEO Eddie Wu is taking over the top role at the company’s Taobao and Tmall e-commerce…
