Banking News

Alibaba Group Holding  is selling its entire stake in e-commerce  branding solutions provider Baozun , as the Chinese technology  giant continues its corporate restructuring  amid increased industry competition. Hangzhou -based Alibaba, owner of the South…

MIAMI (AP) — Two Citgo oil executives  detained for nearly five years in Venezuela have sued their former employer for more than $400 million, alleging it conspired to lure them to…

Swedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it’s raised 34 million euros ($36.9 million) from leading European banks, including UBS  and CommerzVentures. Doconomy, which offers tools to…

ROME, May 31 (Reuters) - The European Central Bank is set to ease monetary policy over coming months if data confirms its forecasts, and even after several rate cuts its…

May 30 (Reuters) - Hormel Foods (HRL.N), opens new tab beat market expectations for second-quarter profit on Thursday and raised the lower end of its full-year earnings as the Wholly dips maker…

Legendary emerging markets fund manager Mark Mobius has reversed his view on Chinese stocks as he believes the country’s recent property support measures  will restore investors’ confidence. A recent trip to…