LONDON, Feb 21 Reuters HSBC cut its annual bonus pool by 4 to 3.4 billion in 2022, the bank said on Tuesday, as a global slump in dealmaking led it to trim awards for its bankers. Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay package jump 14 to 5.6 […]

Feb 21 Reuters French payment services company Worldline will keep looking for technology acquisition opportunities in Europe, it said on Tuesday after it beat fourthquarter sales expectations. Payments processors have seen instore volumes recover since the easing of COVID19 restrictions, but the inflationdriven squeeze on discretionary and ecommerce spending poses a risk to their revenues. The […]

BRUSSELS, Feb 21 Reuters Microsoft President Brad Smith will on Tuesday seek to convince EU antitrust regulators at a closed hearing that the U.S. software giant39;s 69 billion bid for Call of Duty maker Activision Blizzard will boost competition. Smith will lead a delegation of 18 senior executives, including Microsoft Gaming Chief Executive Officer Phil Spencer, while […]

NEW YORK, Feb 21 Reuters Rio Tinto on Tuesday said it would supply BMW with aluminum it produces in Canada using hydroelectric power, lowering the auto manufacturer39;s carbon footprint with respect to its procurement of the automotive metal. The UKbased mining company and the German automaker announced in separate statements that they had signed a […]

HANOI, Feb 21 Reuters Taiwan39;s Pou Chen Corp, the world39;s largest maker of branded sports footwear, plans to cut around 6,000 jobs at its Ho Chi Minh City plant in Vietnam due to weak demand, two local officials familiar with the company39;s plans said on Tuesday. The firm39;s Pouyuen Vietnam factory will cut 3,000 jobs […]