Citigroup Nears Sale of Taiwan Consumer-Banking Business

Final details of the deal with Singapore-based DBS are under deliberation, and the transaction is likely to be valued at $1.8 billion to $2.2 billion, a person familiar with the matter said.

 
Macellum Urges Kohl's to Make Changes or Explore Sale

The activist investor is renewing a push to get the department-store chain to take action to boost its lagging stock, including altering its board.

 
BlackRock's Climate Stance Is About Profits, Not Politics, Fink Says

In his annual letter to the CEOs of the companies in which BlackRock invests, Larry Fink said businesses that don't plan for a carbon-free future risk being left behind. The quest for long-term returns, and not politics, is what animates the money manager's efforts, he wrote.

 
Big U.S. Companies Step Up Hiring of Female, Black CFOs

America's biggest businesses employed more female and Black finance chiefs in 2021 than ever before, albeit coming from a relatively low base, a trend recruiters expect will accelerate in 2022.

 
Rio Tinto's Australian Iron-Ore Shipments Fell in 2021

Rio Tinto's annual iron-ore shipments from its Australian mining operations fell by 3% in 2021 with projects disrupted by a worker shortage and supply chain issues, but expects shipments will likely increase this year.

 
Hugo Boss Gets Into Gear as Online Sales Surge

Higher online sales and good brand development helped Hugo Boss post consensus-beating top-line and earnings growth in the final quarter of 2021, according to preliminary figures.

 
Analysis: Singapore Developers Could Prove Resilient Despite Headwinds

Singapore real-estate developers could prove resilient even amid new housing-market cooling measures and likely higher interest rates, with income from commercial properties and investments picking up some of the slack.

 
China Merchants Bank-Backed SPAC Seeks Listing in Hong Kong

A special-purpose acquisition vehicle backed by China Merchants Bank Co. has applied for a public offering in Hong Kong, the first such company to seek a listing under new rules in the Asian financial hub.

 
U.S. Airlines Seek Further 5G Rollout Delay

Carriers said in a letter to U.S. officials that current FAA flight-safety measures to accommodate the new wireless service could result in a significant disruption of their flight schedules this week.

 
Credit Suisse's António Horta-Osório Lost Board Support Over Covid-19 Rules Breach

The chairman's jet use also raised concerns, with some board members fearing he lacked credibility to fix what had come to be seen as the bank's broken culture.

(END) Dow Jones Newswires

January 18, 2022 07:00 ET (12:00 GMT)

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