KYIV (Reuters) – Ukraine’s gross domestic product (GDP) fell by 29.1% in 2022 as Russia’s full-scale invasion battered the economy, the state statistics service said late on Wednesda[...]
Read more
April 13, 2023
Swiss bank Julius Baer makes key appointments in Southeast Asia
SINGAPORE (Reuters) – Zurich-based Julius Baer has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday. Kevin Tay will assume Yee’s previous role a[...]
Read more
Chevron CEO pay rose 4% to $23.6 million in 2022, employee compensation fell
By Sabrina Valle HOUSTON (Reuters) – Chevron Corp CEO Michael Wirth was paid $23.6 million in 2022, a 4% increase from the prior year while the median annual compensation for the oil giant[...]
Read more
Hong Kong woos mainland China crypto firms in push to bolster finance hub status
By Josh Ye HONG KONG (Reuters) – After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarni[...]
Read more
NPR to stop using Twitter, says account’s new label misleading
(Reuters) -National Public Radio (NPR) will no longer post content to its 52 official Twitter feeds in protest against a label by the social media platform that implies government involvement in the U[...]
Read more
KPMG fined 875,000 pounds for failures in Luceco audit
By Huw Jones LONDON (Reuters) – KPMG has been fined 875,000 pounds ($1.09 million) for its audit of lighting manufacturer Luceco for its financial year to Dec. 31, 2016, Britain’s accounti[...]
Read more
Exclusive-ECB policymakers converging on 25-bps rate hike in May – sources
By Balazs Koranyi WASHINGTON (Reuters) – European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on the table and the debate[...]
Read more
UBS has hired JPMorgan to explore C.Suisse domestic spin-off -Swiss media
ZURICH (Reuters) – UBS has hired JPMorgan to explore a possible IPO of Credit Suisse’s domestic business, Zurich based finance blog Inside Paradeplatz reported on Thursday. Last month UBS[...]
Read more
Givaudan beats quarterly sales expectations
By Tristan Veyet and Bartosz Dabrowski (Reuters) – Swiss fragrance and flavour maker Givaudan on Thursday reported quarterly like-for-like sales slightly above expectations, with price rises hel[...]
Read more