JPMorgan intensifies loan portfolio securitization, raises dividend
JPMorgan Chase (NYSE:JPM) is stepping up the securitization of its loan portfolio, which includes mortgages, auto, and credit card loans.…
Accenture withholds 2023 salary hikes and restricts promotions in India and Sri Lanka
In response to a challenging macroeconomic environment and discretionary spending trends, Accenture (NYSE:ACN), a global professional services company, has announced…
Taiwan says awaiting US announcement on China chip waiver extension
(Reuters) – Taiwan was waiting for a decision by the U.S. government on whether Taiwanese chipmakers will be allowed a…
Citigroup’s board to meet in Singapore for the first time since 2011
(Reuters) – Citigroup Inc (NYSE:C) said on Thursday that its board of directors will meet in Singapore for the first…
Kia Corp unveils three smaller-medium-sized EVs to speed its electrification ambitions
(Reuters) – Kia Corp on Thursday unveiled three new small-to-medium sized electric vehicles (EV) to attract a wider range of…
Uniqlo owner Fast Retailing annual profit rises 28% to fresh record
(Reuters) – Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, reported on Thursday that full-year operating profit rose 28%…
Ericsson shares volatile after results, $2.9 billion charge
(Reuters) – Ericsson shares were volatile on Thursday, defying indications for a sharp fall after the Swedish telecom gear maker…
Venezuela bondholders file claim to New York court amid tolling agreement
(Reuters) – Holders of defaulted debt issued by Venezuela and its state oil company said they made two filings in…
China bans new offshore brokerage accounts in capital control move
(Reuters) – China has for the first time issued a notice prohibiting domestic brokerages and their overseas units from taking…
UAW expands auto strike to Ford’s biggest plant in surprise move
(Reuters) -United Auto Workers on Wednesday shut down Ford (NYSE:F)’s biggest plant globally, halting production of lucrative pickup trucks with…