China's Ant to boost consumer finance unit capital as it restructures micro-lending: sources

HONG KONG (Reuters) – China’s Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm’s capital as the fintech giant prepares to fold in its lucrative micro-lending businesses, people familiar with the matter said.FILE PHOTO: A sign of Ant Group is seen

Australia's Macquarie reaps windfall profits from U.S. winter freeze

SYDNEY (Reuters) – Macquarie Group earned big profits off the winter storms sweeping across Texas and other U.S. states, with the gains from its trading operations single-handedly changing the Australian bank’s outlook for the year.FILE PHOTO: The logo of Australia’s biggest investment bank Macquarie Group Ltd adorns the main entrance

Analysis: Stepped up Chinese scrutiny increases investment risk of 'Beast' Ant

BEIJING/HONG KONG (Reuters) – As Ant Group was working in August towards its giant IPO, at least two smaller Chinese banks with existing ties to the fintech firm decided to stop sourcing new consumer loans from it, people with knowledge of the matter said.FILE PHOTO: Ant Group logo is pictured

Ocado taps Rolls-Royce executive to replace long-time CFO

(Reuters) – British online supermarket and technology group Ocado (OCDO.L) said on Thursday Duncan Tatton-Brown would step down as chief financial officer after eight years in the role and be replaced by Rolls-Royce (RR.L) finance chief Stephen Daintith. The company said Tatton-Brown, who is stepping down due to family circumstances,

BHP narrowly misses expected profit, warns of slowing growth outside China

MELBOURNE (Reuters) – BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a more than 4% drop in annual profit that missed analysts’ estimates. While miners have seen green shoots emerge from an economic pickup

Thousands of Vodafone UK customers face call connection problems

(Reuters) – Thousands of British customers of Vodafone Group Plc (VOD.L), the world’s second-biggest mobile operator, faced call connection problems on Tuesday evening, although they were resolved within an hour. At the peak of the issue, the number of cases in the UK of customers struggling to make and receive