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Hanjin Shipping gets U.S. court order, cash to unload ships

South Korea's Hanjin had asked U.S. Bankruptcy Judge John Sherwood to issue an order to prevent creditors from seizing Hanjin ships or property, and to allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Earlier, the company received authority to spend money needed to dock at U.S. ports and begin unloading four vessels that have been stranded …

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Hanjin Shipping gets U.S. court order, cash to unload ships

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SolarCity slashing costs, including CEO pay

SolarCity Corp on Wednesday said it would cut operating costs, including slashing its chief executive's salary, to bring expenses in line with its reduced solar installation outlook. The company said Chief Executive Officer Lyndon Rive and his brother, Chief Technology Officer Peter Rive, had asked to have their annual salaries reduced to $1

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SolarCity slashing costs, including CEO pay

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Low-cost airlines bet on data to drive profit

Europe's two largest low-cost carriers, Ryanair and easyJet have both swallowed their pride in the past year and launched customer loyalty schemes and both have announced significant investments in data analytics. “This has transformed retail and it's going to transform airlines,” said Kenny Jacobs, a former Tesco executive spearheading Ryanair's digital drive

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Low-cost airlines bet on data to drive profit

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Philippine ex-bank manager out on bail in case linked to cyber heist

A Philippine court on Thursday released on bail a former branch manager of a Manila bank in a perjury case linked to the world's largest known cyber bank heist, police said. Unknown criminals tried to steal nearly $1 billion from the Bangladesh central bank account at the Federal Reserve Bank of New York in February and succeeded in transferring …

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Philippine ex-bank manager out on bail in case linked to cyber heist

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Home Depot raises forecasts after strong start to the year

“After last week's dismal set of retail trading updates, Home Depot provides some much needed relief and also an indication of where consumers are spending their money,” Håkon Helgesen, an analyst at research firm Conlumino, said in a note. Home Depot said its strong start to the year was helped by “week-to-week demand spikes caused by weather variability,” which added $250 million to sales in the quarter.

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Home Depot raises forecasts after strong start to the year

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Tech start-ups snap at the heels of Asian private bankers

Scanning a bank statement into a computer may not sound particularly high-tech, but it's unsettling some of Asia's private bankers. By aggregating all the monthly statements mailed

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Tech start-ups snap at the heels of Asian private bankers

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Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices

By Lisa Jucca HONG KONG (Reuters) – The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China Ltd , a Chinese state-owned bank already facing accusations of aiding illicit money flows from Italy to China, a source familiar with the situation said. Italian prosecutors are seeking to bring 297 people, mostly Chinese, as well as the Milan branch of Bank of China to trial on charges of allegedly smuggling more than 4.5 billion euros ($5.12 …

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Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices