Business

Singapore’s UOB to buy Citi retail arms in 4 Southeast Asia markets for $3.65 bln

A man passes by a UOB bank branch in Singapore November 4, 2020. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register UOB buying Indonesia, Malaysia, Thailand and Vietnam operations To fund retail business acquisition with internal capital Purchase will double UOB’s retail business in 4 markets Citi’s sale is part of strategy …

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Shaun White Eyes Post-Career Business—While Still Qualifying for Beijing Olympics

It’s a testament to the legacy of three-time Olympic gold medalist Shaun White that, with the Beijing Olympics just weeks away, the U.S. snowboarding team is so strong that among those struggling to qualify is…Shaun White. On Wednesday, White ranked fourth among Americans, was trying to lock down a discretionary bid on the U.S. men’s …

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UK hospitality suffers ‘lost Christmas’ as cash reserves dwindle; US jobless claims rise – business live | Business

“December is a vital period for hospitality businesses, equal to three months’ worth of trading for many. These new figures are crippling for an industry already struggling but also spell disaster for the wider UK economic recovery, as ONS figures showed that overall growth in Q3 was driven by hospitality. “These sales drops versus 2019, …

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Enel sees IPO of grid services business in 2023 – CEO to paper

A logo of Italian multinational energy company Enel is seen at the Milan headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File Photo MILAN, Jan 13 (Reuters) – Europe’s biggest utility Enel plans to list its grid services business in 2023, Chief Executive Francesco Starace said in an interview with Italian daily La Repubblica published on …

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Atomos Space secures funding to develop space tug business

TAMPA, Fla. — Denver-based startup Atomos Space announced Jan. 12 it has raised the $5 million it had been seeking since 2020 to develop its space-tug business, following an investment from early-stage investor Cantos Ventures. Cantos joined an undisclosed aerospace investor in the funding round, which the startup said paves the way for launching its …

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EXCLUSIVE Tereos to exit malt business, eyes Romanian sugar unit closure

Tereos agrees to sell malt stake to Axereal In return is to buy the grain group’s stake in Tereos Group consulting unions on plan to close Romanian unit Says could sell other non-strategic operations in future Debt rose 11% in Oct-Nov last year, earnings strong PARIS, Jan 12 (Reuters) – Tereos, the French sugar and …

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Whitbread readies Premier Inn price rises as costs soar; FTSE 100 near two-year high – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The UK’s energy crisis could last for two years, Centrica chief executive Chris O’Shea has warned, in a sign that the cost of living squeeze will intensify. Speaking to the BBC, O’Shea warned that gas prices …

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Citi to exit Mexican consumer business as part of strategy revamp

A Citibank sign is seen outside of a bank outlet in New York March 4, 2009. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Jan 11 (Reuters) – Citigroup Inc (C.N) will exit its Citibanamex consumer banking business in Mexico, the bank said on Tuesday ending its 20-year retail …

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American Rescue Plan funding available for Schuyler County business to renovate buildings

SCHUYLER COUNTY, N.Y. (WETM) – The Schuyler County Legislature has approved a plan that will allocate $350,000 to downtown village businesses for facade and exterior building improvements. The county will match 50 percent of the cost for improvements, between $5,000 to $25,000, for those eligible. Projects that would ordinarily cost a business $50,000 would be …

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OECD inflation hits 25-year high, as Fed’s Powell vows to stop it becoming ‘entrenched’ – business live | Business

11.27am EST 11:27 Fed’s digital currency paper coming soon The Federal Reserve’s discussion paper on central bank digital currencies should be published in the coming weeks. Jerome Powell tells the Senate Banking Committee that the report – into whether the Fed should implement its own digital currency — was delayed last autumn as policymakers focused …

OECD inflation hits 25-year high, as Fed’s Powell vows to stop it becoming ‘entrenched’ – business live | Business Read More »