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Morgan Stanley weighs cutting 7% of Asia investment bank jobs – Bloomberg News
(Reuters) - Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit, Bloomberg News reported on Tuesday, citing people familiar with ...
Syndicated Content May 16, 2023
Marketmind: Europe has a data fest, and growth worries
A look at the day ahead in European and global markets from Vidya Ranganathan Tuesday's a busy day for European markets. We get preliminary growth numbers for the euro zone, inflation in Italy, jobles...
Syndicated Content May 15, 2023
EBRD: Inflation has peaked, but rising gas prices will pressure households
By Jorgelina do Rosario LONDON (Reuters) - Inflation has peaked in emerging Europe, central Asia and north Africa, but rising gas prices in the coming winter will keep pressure on household finances, ...
Syndicated Content May 15, 2023
Wells Fargo reaches $1 billion settlement with shareholders over recovery from scandals
By Jonathan Stempel NEW YORK (Reuters) - Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scan...
Syndicated Content May 15, 2023
Venezuela’s opposition asked to back suspending statute of limitations on bond repayments
CARACAS (Reuters) - Venezeula's political opposition - recognized by the U.S. as the country's legitimate government - was asked by a key creditor group on Monday to back the suspension of a statute o...
Syndicated Content May 15, 2023
Asia stocks steady despite China data miss, helped by weaker dollar outlook
By Selena Li HONG KONG (Reuters) - Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide po...
Syndicated Content May 15, 2023
Colombia’s Grupo SURA nearly doubles profits in first quarter
(Reuters) - Net profit at Grupo SURA, Colombia's largest investment company, almost doubled in the first quarter compared to the year-ago period, the company said in a filing on Monday, pointing in pa...
Syndicated Content May 15, 2023
Exclusive-LG Display to supply OLED TV panels to Samsung Elec – sources
By Heekyong Yang SEOUL (Reuters) - South Korea's LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal tha...
Syndicated Content May 15, 2023
Column-Yuan won’t be FX reserve currency if no one buys China’s bonds: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - China's yuan faces significant long-term obstacles to becoming a global reserve currency of any great import, but the biggest challenge in the near term ...
Syndicated Content May 15, 2023
US court halts ruling blocking Obamacare for some preventive healthcare
(Reuters) - A U.S. appeals court has temporarily halted a federal judge's ruling that struck down the Affordable Care Act's mandate requiring insurers to cover preventive care, the New York Times repo...
Syndicated Content May 15, 2023
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