Business

Shares in China’s New Oriental (9901.HK) climbed for a fourth straight day on Wednesday, with analysts saying its new live-streaming sales strategy could help it recover from a regulatory crackdown …

China’s New Oriental education giant finds new life in English live streaming Read More

Global equity funds have shed over 7% this month due to a slump in stock prices as higher inflation levels fuel worries about more aggressive policy tightening by major central …

Global equity funds decline over 20% this year Read More

A Lithuanian woman on Wednesday pleaded guilty to involvement in laundering more than 29 billion Danish crowns ($4.1 billion) through Danske Bank’s (DANSKE.CO) Estonian branch, her defence lawyer said. The …

Woman pleads guilty to role in laundering $4 bln via Danske Bank in Estonia Read More

Switzerland’s second-largest bank Credit Suisse (CSGN.S) has hired two managing directors from JP Morgan (JPM.N) and BNP Paribas (BNPP.PA) to reinforce its UK investment banking and capital markets team. Jasper …

Credit Suisse reinforces UK investment banking team with two hires- memo Read More

H&M (HMb.ST), the world’s second-biggest fashion retailer, posted a forecast-beating 17% jump in March-May sales, joining main rival Inditex in reporting a rebound in demand as pandemic restrictions have eased. …

Fashion retailer H&M’s sales jump, but investors fret over margins Read More

Swedish furniture company IKEA on Wednesday said it had made the “difficult decision” to scale down its business in Russia, pointing to a significant deterioration in supply chains around the …

IKEA says it will scale down its business in Russia Read More

The euro zone’s trade deficit almost doubled in April from the previous month after an already record expansion in March, and industrial production increased over the same period on the …

Euro zone trade deficit almost doubles in April Read More