UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources
(Reuters) – UBS has cut around 70% of the Hong Kong-based staff headcount at Credit Suisse’s securities research unit, two…
Exclusive-China scrutinizes quant strategies as market weakness stokes public anger – sources
(Reuters) – As China’s stock market struggles to recover, regulators have started to probe some hedge funds and brokerages on…
Global markets jittery over potential interest rate hikes and inflation concerns
Global markets are grappling with uncertainty as central banks worldwide signal a tightening monetary policy amidst rising inflation fears. On…
Lawyers who sued Tesla board for excess pay want $10,000 an hour
(Reuters) – A legal team that forced Tesla (NASDAQ:TSLA)’s directors to agree in July to return more than $700 million…
Toshiba says $14 billion takeover bid by JIP succeeds, set to go private
(Reuters) – Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP)…
South Korean stocks hit month-low amid US Federal Reserve’s hawkish stance
Thursday saw a significant downturn in the South Korean stock market, with the benchmark Korea Composite Stock Price Index (KOSPI)…
Dollar holds gains after Fed; franc falls as SNB springs surprise
(Reuters) – The dollar hit a 6-1/2 month high on Thursday after the U.S. Federal Reserve signalled policy would remain…
Big four banks grilled over regional branch closures in Australia
The big four Australian banks are facing increasing scrutiny over their decisions to close branches in rural and regional areas.…
Exclusive-Unilever launches new bid to sell Q Tips and other brands-sources
(Reuters) – Unilever (LON:ULVR) Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a basket of non-core…
Oil falls as US rate hike expectations offset tight supply outlook
(Reuters) – Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in…