Finance

Societe Generale posts sharp profit drop as net banking income slides

Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income,…

China’s VC playbook is undergoing a sea change as U.S. IPO exits get tougher

BEIJING — Venture capitalists in China that once rose to fame with giant U.S. IPOs of consumer companies are under…

Hainan Airlines is handing out Rokid AR glasses for in-flight entertainment

BEIJING — Hainan Airlines this week started letting passengers on some routes use Rokid’s augmented reality glasses for free for…

China’s central bank encourages local businesses to accept foreign payment cards

BEIJING — China is encouraging banks and local businesses to accept foreign bank cards and is considering other steps to…

This semi name just hit a fresh all-time high. Why its stock market dominance could last

Nvidia shares hit a fresh all-time high on Wednesday, and its gains may still be in the early innings, according…

NYCB woes reignite fears about shaky banks as anniversary of March crisis nears

Embattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid…

Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors

Pershing Square’s Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to…