By Summer Zhen and Selena Li HONG KONG (Reuters) – Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with[...]
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Asia
Exclusive-China set to fine Ant Group over $1 billion, signalling revamp nears end-sources
By Julie Zhu HONG KONG (Reuters) – Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, set[...]
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Volkswagen sees China sales on par with 2021 as lockdown impact lingers – Handelsblatt
BERLIN (Reuters) – Volkswagen expects sales in China to stagnate at about 3.3 million vehicles in 2022, its China chief told Handelsblatt on Tuesday, as it struggles to make up the impact of cor[...]
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Marketmind: Wild oil ride amid China and crypto woe
A look at the day ahead in U.S. and global markets from Mike Dolan. Turbulence in oil, China’s COVID crunch and unravelling cryptocurrencies make for uncomfortable reading for investors starting[...]
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Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates steady as inflation shows signs of easing and as authorities focus on discussions to secure a $2[...]
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Rouble pares early losses to hover around 61 to the dollar
MOSCOW (Reuters) – The Russian rouble hovered around 61 to the dollar after touching its lowest in nearly two weeks early on Tuesday, with pressure from oil market jitters countered by rouble bu[...]
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China leads global equity IPO volumes this year
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Chinese companies are at the forefront of global stock offerings this year, with their issuances being facilitated by easy monetary setti[...]
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BOJ’s price gauge hits record high in sign of broadening inflation
By Leika Kihara TOKYO (Reuters) – Japan’s weighted median inflation rate, which is closely watched as an indicator on whether price rises are broadening, hit a record 1.1% in October in a[...]
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China’s key money rate hits near 2-year low, but softening seen fleeting
SHANGHAI (Reuters) – Liquidity conditions in China’s interbank money markets eased further on Tuesday, as cash supply far outpaced demand, despite a huge withdrawal of funds by the central[...]
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