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DAIWA JOBS CUT
Intel CEO who won over Donald Trump and Elon Musk now needs a breakthroughIntel CEO Lip-Bu Tan is entering his second year with renewed optimism, securing interest from tech giants like Apple and Tesla, and seeing...- Japan's Nikkei ends higher in choppy tradeJapan's Nikkei share average eked out gains to rise for a third straight day on Wednesday, as a softer yen and buying of retail-related sha...
- Fed done hiking rates, but higher for longer message gaining tractionWhile a slight majority still see a cut before the middle of 2024, a significant minority of forecasters, around 45%, now see no rate reduc...
- JD shares hit record low, banks cut Q3 growth target on retail slowdownJD, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's ma...
- JD.com shares fall 13%, hits record low; banks cut Q3 growth target on retail slowdownJD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China'...
- Elon Musk feels 'super bad' about economy, needs to cut 10% of Tesla staffMusk's stark warning of a potential recession and the knock-on effect for automakers is the most direct and high-profile forecast of its ki...
- Dollar near 2-week low as investors look to US jobs dataThe US currency steadied from falls after Federal Reserve Chair Jerome Powell on Friday offered no signal on when the central bank plans to...
- Dollar falls against commodity currencies but holds gains versus yenAnalysts said that sentiment for the dollar has improved because of positive economic data and progress in passing a $1.9 trillion stimulus...
- Nikkei feels the pinch as investors cream profitIn Tokyo, investors took some money off the table from recent gainers such as financial stocks and exporters.
- HDFC Bank lets go of 4,500 employees in Q3, may go slow on hiringThe employee reduction is probably the largest by the bank in a single quarter and is likely to continue if the economic recovery does not ...
- Fund Managers now prefer job security over fat pay cheques and bonusesFund managers at smaller funds are chasing job security and big AMCs are using the opportunity to pick good talent without writing fat pay ...
- IIFL suspends its brokerage operations in SingaporeIndia Infoline(IIFL) Group said it is "suspending" its brokerage operations in Singapore amid low trading volume there and as part of the o...
- HSBC may cut 1200 jobs in its Indian consumer banking unitJob cuts are likely to affect a range of functions and are likely to be carried out in a phased manner, people familiar with the banks plan...
- Heard on the Street: Daiwa Securities, US bankJapanese financial services firm Daiwa Securities is shedding jobs in India as part of its global plans to downsize.
- Daiwa to cut jobs at India i-banking & equities unitThe job cuts are likely to affect executives across functions such as research, sales and sales trading in the equities division.
- Japan comes out of recession in Q2But economists and politicians sounded cautious, noting that the main driver of growth was exports and that domestic consumer spending rema...
- Panasonic says Sanyo takeover delayedJapanese electronics giant Panasonic Corp said that its takeover of smaller rival Sanyo Electric Co had been delayed due to regulatory issu...
- Japanese production in historic plunge amid global slumpJapanese production fell at the fastest rate on record in November as firms closed factories and cut jobs due to slumping demand brought on...
- Long sought inflation saps JapanJapan’s decade long fight against deflation may be over, only to be replaced by inflation that is sapping economic growth. Fukui has been p...
- GE to acquire Sanyo Credit for $1.1billionGeneral Electric’s (GE) commercial finance division agreed to buy Sanyo Electric Credit for about 135 billion yen ($1.14 billion).
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