(Reuters) – The highest inflation for decades and the impact of the war in Ukraine have forced companies across Europe into layoffs or hiring freezes. Here are some cuts announced since December[...]
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March 28, 2024
UBS looks to keep, grow shipping loans in post-merger green overhaul
By Simon Jessop LONDON (Reuters) – UBS will look to increase lending to the shipping sector and run off some loans to fossil fuel clients inherited from Credit Suisse, executives told Reuters, i[...]
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Treasury Wine to resume distribution in China after import tariffs end
(Reuters) – Treasury Wine Estates will resume the distribution of some of its products in China, it said on Thursday, after the Chinese Ministry of Commerce said it would remove tariffs on Austr[...]
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Amazon’s senior employees may not get a cash pay raise this year
(Reuters) – Amazon.com Inc said on Wednesday its senior employees, whose compensation includes more stock-related awards than cash, may not receive a cash pay raise this year. “For this ye[...]
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Ally Financial names Michael Rhodes as CEO
(Reuters) – Ally Financial said on Wednesday that Michael Rhodes will take over as chief executive officer of the company from April 29. Rhodes, who most recently served as the CEO of Discover F[...]
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India sizzles in global equity capital markets amid deals drought in Asia
By Scott Murdoch SYDNEY (Reuters) -India’s bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor’s unit will draw more funds to a market whose sha[...]
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US banks face loss risk from multi-family property loan exposure, says Fitch
By Matt Tracy WASHINGTON (Reuters) – U.S. banks with significant lending exposure to some multi-family properties and particularly rent-controlled housing are vulnerable to posting losses this y[...]
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Analysis-With Cainiao buyback, Alibaba takes aim at rivals’ overseas advance
By Casey Hall SHANGHAI (Reuters) – Alibaba’s plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e-co[...]
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Insurers could face losses of up to $4 billion after Baltimore bridge tragedy-analyst
By Sinead Cruise, Jonathan Saul and Carolyn Cohn LONDON (Reuters) -Baltimore’s Francis Scott Key Bridge collapse could cost insurers billions of dollars in claims, analysts say, with one putting[...]
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