JOHANNESBURG, May 7 (Reuters) - Amazon ( AMZN ) launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Africa's most advanced economy is usually seen as a good entry point for companies to expand into the continent and Amazon ( AMZN ) could be doing the same, analysts have...

SHANGHAI (Reuters) - China International Capital Corp ( CNICF ) may reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter said, as a capital market downturn and sluggish economy darken prospects. Beijing-based CICC, which had about 2,400 investment banking staff at the end of 2023, is considering cuts among its dealmakers...

PARIS (Reuters) - Airbus delivered 61 aircraft in April, up 13% from the same month of 2023, bringing deliveries so far this year to 203, the European planemaker said on Tuesday. An unidentified airline ordered 51 A321neo jets during the month and British Airways owner IAG reshuffled five narrow-body planes within its group, Airbus monthly data showed. So far this...

ZURICH (Reuters) - UBS on Tuesday reported first-quarter profit that trounced forecasts and said it was sticking with plans for share buybacks over three years despite Swiss government proposals that would hike its capital requirements. Shares in Switzerland's biggest bank jumped 8% and were on track for their biggest one-day gain since March 2023, when authorities orchestrated UBS's rescue takeover...