BEIJING (Reuters) -China’s central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to boost liquidity and support the country[...]
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September 14, 2023
Lazard’s next CEO Peter Orszag plans to double revenue by 2030
By Lananh Nguyen NEW YORK (Reuters) – Two weeks before Peter Orszag takes the helm as CEO of Lazard, he is already setting an ambitious goal for the investment bank to double its revenue by 2030[...]
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Deutsche Bank to hold crypto for institutional clients
By Elizabeth Howcroft LONDON (Reuters) – Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenized ass[...]
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DBS chief says China pessimism not ‘overdone’, upbeat about India
By Anshuman Daga, Yantoultra Ngui and Fanny Potkin SINGAPORE (Reuters) – DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China’s economy was not “overd[...]
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No Kuehne counter offer on table for Hamburg port operator – authority
BERLIN (Reuters) – The city of Hamburg’s economy authority said there was no counter offer on the table from billionaire logistics investor Klaus-Michael Kuehne for a majority stake in the[...]
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Citigroup now expects Fed to hike interest rate in November
(Reuters) -Citigroup now expects the U.S. Federal Reserve to raise its key interest rate by 25 basis points (bps) in November, compared with its previous forecast of a September hike. According to Cit[...]
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Exclusive-Hungary central bank could cut base rate to 10-11% by year-end -rate-setter
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank could cut its base rate to 10-11% by the end of the year from 13%, a rate-setter told Reuters, warning how[...]
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China urges EU to ensure new carbon tax complies with WTO rules
By Joe Cash BEIJING (Reuters) – The European Union should ensure its plans to impose 20% to 35% tariffs on imports of high-carbon goods like steel, iron ore and cement comply with World Trade Or[...]
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Volkswagen to reduce staffing at all-electric Zwickau plant
(Reuters) – Volkswagen is cutting back planned staffing at its all-electric plant in Zwickau, Germany and adjusting shift work due to “market conditions”, a spokesperson said on Tues[...]
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