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ANZ RESTRUCTURING
Australia's ANZ to cut 3,500 jobs as new CEO Matos takes chargeANZ Group will cut 3,500 jobs. CEO Nuno Matos warns of more changes. The bank will take a A$560 million restructuring charge. These cuts ai...- China Evergrande Group, world's most indebted property developer, to delist from Hong Kong Stock Exchange after largest debt collapseChina's property market, once a key growth driver for the world's second-largest economy, has been in a multi-year tailspin despite repeate...
- China Evergrande liquidation hearing unexpectedly adjourned to JanuaryOn Oct. 29, at the previous adjournment, Hong Kong High Court Justice Linda Chan said Monday's hearing would be the last before a decision ...
- Britain's tax backdown bounces stocks and sterlingInvestors also took heart from stability at the long end of the gilt market, even though emergency purchases from the Bank of England were ...
- China's Evergrande defaults: What happens next?A slowdown in the Chinese real estate sector, which accounts for a significant proportion of the country's economic output, could have ripp...
- Australian shares slide to near 4-month low as ANZ falls; NZ downThe S&P/ASX 200 index dropped 1.4 per cent to close at 6,100.3 points.
- TTML Q3 loss at Rs 527 crore; firm says Tata Sons to infuse fundsTotal income for TTML in October-December fell by about 37% on year to Rs 419.36 crore.
- Top Hong Kong investment manager recalls $150 million loan to debt-hit JSPLLenders plan to invoke JSPL’s corporate guarantees, file winding up petition if dues are not cleared by September.
- Top deck reshuffle underway at Piramal EnterprisesIn 2013, Piramal purchased a 10% stake in Shriram Transport Finance, India's largest truck financier, and a year later he bought 10% in Shr...
- Foreign lenders of Jindal Steel and Power exploring possibility of recalling loans worth $550 millionAmong other things, this is understood to have been triggered by JSPL’s inability to service $25 million unsecured loan from a large Japane...
- Vinayak Bahuguna appointed Arcil's Managing Director and CEOThe country's largest asset reconstruction company Arcil has appointed Vinayak Bahuguna as its managing director and chief executive office...
- Tata Steel Ltd to refinance $5.4 billion offshore debtTata Steel Ltd said two of its indirect units had executed agreements to refinance and term out its international debt portfolio of $5.4 bi...
- HCL Technologies wins contract from Sydney Trains worth over $32 mnHCL Tech has bagged a deal worth about AUD 35 million (over Rs 198 crore) from Sydney Trains to support and maintain 107 of its business ap...
- Demand for executives will be high in 2014Company transformations aimed at beating the slowdown and revival of growth in some sectors are expected to keep senior executive movements...
- HDFC Bank's investment banking head taking giant strides42-year-old head of investment banking at HDFC Bank is already creating ripples in an institution that is hardly known for investment banki...
- Infy, HCL in race for Westpac's $500-mn outsourcing contractAustralia's second-biggest bank Westpac is seeking outsourcing suppliers for contracts worth up to $500 mn. Top BPO acquisitions | Security...
- Australian banks plan to cut back IT offshoring ops to IndiaTop Australian banks Westpac and Commonwealth Bank plan to curb offshoring of back office and IT projects to India in an attempt to address...
- US govt likely to boost Citigroup stake to 40%Citigroup Inc is in talks that could see the US government take a bigger stake, a source said, sparking a recovery in the battered share pr...
- StanChart, DBS, ANZ may line up for RBS' Indian assetsIf RBS board decides to go ahead with its decision to sell Asian biz, India is likely to be one of the few countries to see a bidding war. ...
- Global bank majors optimistic about Indian marketBanking sources say leading banks like UBS to ANZ are going ahead with expansion plans in India. 2008: Year of global financial crisis I To...
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