SINGAPORE (Reuters) – Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, in the latest senior banker[...]
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February 17, 2023
With Japan’s new central bank boss, Kishida bids farewell to Abenomics
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – For Prime Minister Fumio Kishida, Japan’s next central bank chief had to symbolise a departure from the unconventional policies of h[...]
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Swiss Re 2022 net profit down 67%; sees brighter outlook for 2023
FRANKFURT (Reuters) – Reinsurance company Swiss Re said on Friday that net profit for 2022 fell 67% as it faced claims from Hurricane Ian in Florida, pandemic losses, and high inflation, but it[...]
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Analysis-European firms strike high-stakes bond deals as interest rates rise
By Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) – European firms are selling debt that can be converted into their own shares at an unrelenting pace, as they seek shelter from the fas[...]
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Russians switch to used cars as sanctions pummel auto sector
By Gleb Stolyarov and Alexander Marrow MOSCOW (Reuters) – Spending on new cars in Russia more than halved last year as the auto industry felt the full force of Western sanctions over the conflic[...]
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How sanctions complicated day-to-day banking for Russians
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations,[...]
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U.S. senator seeks ‘full accounting’ of Southwest Airlines meltdown refunds
By David Shepardson WASHINGTON (Reuters) -U.S. Senate Commerce Committee chair Maria Cantwell on Thursday asked Southwest Airlines to provide a full accounting of all refunds issued and denied after a[...]
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VR firm Pico, owned by Chinese TikTok maker ByteDance, announces ‘small’ layoffs
By Josh Ye HONG KONG (Reuters) – Pico, a virtual reality (VR) headset manufacturer owned by TikTok’s Chinese developer ByteDance, said on Friday it was laying off a small number of people,[...]
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Marketmind: When doves cry
A look at the day ahead in European and global markets from Ankur Banerjee Investors are feeling the heat as sticky inflation and a tight labour market revive good ol’ fears of the Fed staying h[...]
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