With the $357 million sale of its joint venture portion to China Resources Holdings (CRH), a state-run partner, Tesco has finished its exit from China. The U.K. grocer had created the Gain Land venture with CRH in 2014, bringing together the 131 locations of the...
As the Coronavirus circulates, Temasek Holdings Pte is instituting a company-wide wage freeze and requesting that senior management accept voluntary pay reductions for as long as one year. The Singapore state-owned investment firm has had wage freezes in the past – it implemented similar moves during the...
JPMorgan Chase CEO Jamie Dimon told CNBC on Tuesday (Feb. 25) that “we’ll just have to wait and see” what the fallout is from the coronavirus, following the market’s worst decline in two years on Monday (Feb. 24). Speaking to Wilfred Frost at the JPMorgan Chase...
The parliament in Taiwan has approved a $2 billion stimulus package to help soften the effects of the coronavirus on the region’s economy, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
When one has a credit history, it is easy to overlook if it’s working as intended, as it is a fairly invisible piece of the fabric of day-to-day financial life. A few moments in an application process, while an algorithm evaluates one’s fitness for service...
Despite the best efforts by health workers around the world, the coronavirus continues to spread in terms of cases, fatalities and nations where it has made an appearance. As of this writing, the worldwide case count is approaching 80,000, with China being ground zero and...
Officials with the Federal Reserve don’t know yet precisely how severe the impact from the coronavirus will be, and on Monday (Feb. 24) said they didn’t want to make any quick or severe judgments just yet. Get the Full Story Complete the form to unlock...
As the Coronavirus spreads beyond the borders of Asia, its effects are casting a widening shadow that is being felt in just about every industry, across most of the world. Not only are the financial markets dropping along with tourism and mortgage rates, but manufacturers...
Not all black swan events are created equally, at least when it comes to certain business verticals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
