Business

NAB in talks to buy Citi’s Australia consumer unit

National Australia Bank Ltd (NAB.AX), the country’s third-largest lender, said on Tuesday it was in talks with Citigroup Inc (C.N) to potentially buy the U.S. bank’s Australian consumer business. Citi had said in April it would exit consumer businesses in 13 markets, including Australia, China and India, as part of a turnaround strategy to bring […]

Business

Local Olympics organisers face uninsured loss from spectator ban

The local Tokyo Olympics organising committee is unlikely to get much of an insurance pay-out due to lost ticket sales from a ban on spectators, after using up much of its event cancellation policy on postponement costs last year, insurance sources say. The Olympics will take place without spectators in host city Tokyo, organisers said […]

Business

An Old Rs 20 Note Can Fetch You Rs 3 Lakhs Online, Check Details

It would sound crazy if someone said that you can convert Rs 20 into Rs 3 lakh online. However, believe it or not, it is actually possible. There are several websites where you can sell your antique currency notes and get lakhs in return. E-commerce sites like Ebay and BidCurios are facilitating online bidding of […]

Business

‘Shotime’ pitches a frenzy for Japanese sports company Zett

Shares of a little-known Japanese sports gear company have jumped more than 50% in recent days, a rally traders link to excitement over Shohei Ohtani’s success in U.S. Major League Baseball. Shares of Zett (8135.T), a sports gear wholesaler, have seen spikes in prices as well as trading volume. The company’s shares dipped 0.8% on […]

Business

MOVES HSBC’s head of Belt and Road to retire after 39 years at the bank

HSBC’s (HSBA.L) head of Belt and Road Initiative, Mukhtar Hussain, will retire after 39 years at the bank. HSBC was one of the first banks to have a dedicated management role focused on the Belt and Road Initiative (BRI), a Chinese programme aiming to boost trade flows via investment in infrastructure. The memo said that […]

Business

United Airlines to buy 100, 19-seat electric planes from Heart Aerospace

United Airlines (UAL.O) said on Tuesday it would buy 100 19-seat ES-19 electric planes from Swedish start-up Heart Aerospace, as the U.S. carrier eyes battery-powered aircraft for regional routes. It is the latest in a series of such “innovation-related” announcements by United as major airlines come under pressure to cut emissions. The U.S. carrier’s venture […]

Business

The quiet revolution in Italian bond markets

A calming down of Italian government bonds, typically among the most volatile in the euro zone, suggests a sea change in the way foreign investors perceive the 2.3-trillion-euro ($2.7 trillion)market — the bloc’s biggest. Volatility, the propensity of an asset to display wild and unpredictable price swings, is generally a negative for bond returns over […]