Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.
SAP told investors not to expect a major improvement in margins before next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, weighed down by one-off costs.
The world's financial regulators will not sacrifice customers' security for the sake of innovation, Bank of France head and European Central Bank policymaker Francois Villeroy de Galhau said on Thursday.
AB Volvo on Thursday hiked its growth outlook for North America and Europe, as upbeat deliveries for trucks and construction equipment as well as continued easing of supply-chain bottlenecks helped the Swedish truckmaker top estimates.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker, posted second-quarter profit largely in line with estimates on Thursday, amid sluggish demand from phone makers impacted by a Sino-U.S. trade spat.
Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company is losing customers in its home turf.
Sweden's AB Volvo inched up its market growth outlook for North America and Europe, as strong deliveries for its trucks and construction equipment as well as continued easing of supply chain bottlenecks helped it beat quarterly profit expectations.
SAP told investors they can expect a major improvement in margins only next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, weighed down by one-off costs.
European law enforcement agencies set to lose the ability to tap criminals' mobile devices with the launch of 5G technology must be brought into discussions earlier when communications networks are modernized, the new head of Europol told Reuters.
German payments company Wirecard AG said on Thursday it was teaming up with car-dealing platform AUTO1 Group to offer digital financial services to consumers, in its first alliance with a company backed by Japan's SoftBank Group.
Berlin-based N26 said on Thursday it raised an additional $170 million in its latest funding round, driving up its valuation to $3.5 billion, as the online bank looks to speed up expansion to markets outside Europe including the U.S.
SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence (AI).
Japan's government is leading a global push to set up an international network for cryptocurrency payments, similar to the SWIFT network used by banks, in an effort to fight money laundering, a person familiar with the plan said on Thursday.
U.S. Senate minority leader Chuck Schumer called on the FBI and the Federal Trade Commission to conduct a national security and privacy investigation into Russia-based FaceApp, whose mobile software application alters users' photos, in a letter http://bit.ly/2xVC9sw sent on Wednesday.
Japanese Finance Minister Taro Aso on Wednesday urged his G7 counterparts to make a comprehensive assessment of Facebook Inc's Libra digital currency for any fresh challenges that could be overlooked by existing regulations.
MercadoLibre Inc, Latin America's top e-commerce platform, is taking its latest step into the world of banking, saying on Wednesday that it would start allowing Mexican users of its e-wallet to earn interest on money saved in its app by year-end.
Netflix Inc said on Wednesday it lost U.S. streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
International Business Machines Corp beat analysts' estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud business.
Japan's Finance Minister Taro Aso said on Wednesday that various voices of skepticism over Facebook Inc's Libra digital currency surfaced at a gathering of Group of Seven (G7) finance leaders.
Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is surging.
