By Oliver Hirt, Selena Li, Sumeet Chatterjee and Noele Illien ZURICH (Reuters) -Credit Suisse is accelerating cost cuts announced just weeks ago, Chairman Axel Lehmann said on Friday, as client outflo[...]
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Asia
Analysts upgrade China’s 2023 earnings projections on reopening hopes
By Patturaja Murugaboopathy and Chi Xue (Reuters) – Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures[...]
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Marketmind: Dollar on the jobs line
A look at the day ahead in European and global markets from Tom Westbrook: Having just closed out its worst month since 2010, the dollar’s bull run may be ending. Federal Reserve Chair Jerome Po[...]
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Nissan CEO ‘very confident’ talks with Renault will strengthen partnership
NEW YORK (Reuters) -Nissan Motor Co Chief Executive Makoto Uchida said he was “very confident” the Japanese automaker could strengthen its partnership with Renault but declined to comment[...]
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China central bank says to support growth, sees moderate inflation in 2023
BEIJING (Reuters) – China’s central bank will focus on supporting the slowing economy, People’s Bank of China Governor Yi Gang said on Friday, adding that domestic consumer inflation[...]
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Morgan Stanley making ‘modest’ job cuts; CEO ‘wouldn’t bet against’ Musk
By Lananh Nguyen, Saeed Azhar and Niket Nishant NEW YORK (Reuters) – Morgan Stanley is making modest job cuts worldwide, Chief Executive Officer James Gorman said on Thursday, as sluggish deal m[...]
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IMF’s Georgieva flags inflation, China slowdown as risks to Asia
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva flagged rising inflationary pressures and China’s economic slowdo[...]
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Huawei CFO’s U.S. bank fraud charges to be dismissed
By Karen Freifeld (Reuters) – U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technol[...]
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IPO market nearly paused, but exchange leaders expect 2023 boost
By John McCrank NEW YORK (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up dem[...]
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