Bloomberg HSBC Holdings Plc selected John Flint, head of retail banking and wealth management, to be the new chief executive officer and has asked the Bank of England for permission to make the appointment, the Sunday Times reported, citing people it didn’t identify. The London-based bank’s board approved 49-year-old Flint’s appointment after the arrival of new Chairman Mark Tucker last ...

Bloomberg The world’s major central banks are declaring last orders at the punchbowl. The Federal Reserve — which has been raising interest rates since 2015 — takes the next step towards normalizing monetary policy this month when it starts to reduce its $4.5 trillion balance sheet. The European Central Bank is expected to soon lay out its own plans for ...

Bloomberg As Amazon.com Inc. pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago. Delivery delays also marred Amazon’s debut in July, when on-the-ground operations began with Prime Now two-hour deliveries. Even when including orders placed ...