UBS to cut 3,000 jobs after Credit Suisse takeover
The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.
2023-08-31 17:16
Klarna Shrinks Losses With Sales Growth and Cost-Cutting
Klarna Bank AB’s losses narrowed in the first half of the year as its growing customer base continued
2023-08-31 16:53
Traders Are Bailing on the Euro as Talk of Stagflation Heats Up
Traders are abandoning the euro at pace as speculation grows the European Central Bank will struggle to tighten
2023-08-31 16:46
Seven & I Seals Deal to Sell Department Stores for $1.5 Billion
Seven & i Holdings Co. has finalized the sale of its Sogo & Seibu Co. department store chain
2023-08-31 15:53
UBS Smashes Banking Record as It Absorbs Credit Suisse
UBS Group AG posted the biggest-ever quarterly profit for a bank in the second quarter as a result
2023-08-31 14:46
New China Map Draws Another Rejection, This Time From Manila
The Philippines doesn’t recognize Beijing’s latest standard map showing its expansive South China Sea claims, joining opposition from
2023-08-31 14:24
India Exempts Some Nations From Rice Curbs for Food Security
India has permitted some rice shipments to Mauritius, Bhutan and Singapore for food security purposes after the South
2023-08-31 13:52
X Plans to Collect Biometric Data, Job and School History
X, the social network that used to be known as Twitter, updated its privacy policy to include a
2023-08-31 13:50
HK’s London Trade Office Defaced as UK Seeks Detente With China
The Hong Kong government blasted the vandalism of its trade office in London as a “nefarious” act by
2023-08-31 13:27
Active ETFs Cash In on Corporate Reform in Japan
Actively managed exchange-trade funds are set to launch in Tokyo next week, with one asset manager focusing its
2023-08-31 13:25
Turkey Economy Set for Post-Pandemic Low as Recession Risks Loom
Turkey’s economy probably slowed in the second quarter, with activity set to remain subdued for the rest of
2023-08-31 11:46
China Stock Investors Pin Hopes on Revival After Brutal August
August may have marked the darkest hour before dawn for China’s battered equity markets, with some investors pinning
2023-08-31 11:17