03/23/2020
HSBC to slash 35,000 jobs worldwide in “deepest restructuring” exercise
The bank will reduce US$4.5bn worth of costs which would involve slashing about 15% of the group’s global workforce amidst plunging profits.
03/23/2020
The bank will reduce US$4.5bn worth of costs which would involve slashing about 15% of the group’s global workforce amidst plunging profits.
03/23/2020
Recent equity-allocation boosts coming back to sting investors
03/22/2020
Not all private equity firms are positioned to profit from the rout. The biggest are in the strongest position.
03/22/2020
The expansion into venture capital signifies an important step for the storied business empire.
03/20/2020
Despite the trade war, China added 182 new faces to hit 799 billionaires in Hurun’s latest rich list, three times the number of new faces in the US – but how much of that wealth will stay in the country?
03/19/2020
Rather than being a ploy to attract good publicity, this new approach to decision making is driven by the desire for corporations to do something positive and tangible in challenging times.
03/19/2020
Changes to hours, wages and welfare could outlive the virus
03/19/2020
Morningstar said it is common in periods of severe uncertainty for investors to place greater importance on the return of capital, rather than the return on capital.
03/19/2020
It is one of the key focuses that we’re putting in place to ensure that we’re going to deliver on the broader strategy.
03/19/2020
Even though it may be too early to call the Chinese market a safe haven, it could become just that in five to ten years
03/18/2020
We will update it regularly as the outbreak evolves.
03/18/2020
In regard to Europe and the US, Moody’s have predicted even firmer downside risk.
03/18/2020
Central banks in Asia Pacific "have [followed] or will follow the Fed's move by ensuring that they have done what they can to add liquidity to the financial system and work to avoid the grinding to a halt of funding markets.
03/18/2020
“This is an unprecedented moment. It’s important that we approach it with a sense of calm and responsibility—because we have many people counting on us.” —Google CEO Sundar Pichai
03/18/2020
Biology shows us that there are additional ways to reduce the risk of serious coronavirus infections, in addition to hand hygiene and keeping distance, Viola Vogel writes.
03/18/2020
Investors have poured about $250 million into the three ETFs since the start of the year, doubling their assets to about $551 million at Monday's market close, according to BetaShares chief executive Alex Vynokur.
03/18/2020
Moody's Investors Service said it had downgraded the insurance financial strength rating of AMP's life insurance business from A2 to A3
03/18/2020
For Hong Kong's general insurance market, gross and net premiums were at HK$55.7bn (up by 3.9%) and HK$37.7bn (up by 6.8%), respectively.
03/18/2020
We expect that the Australian banks would aim to 'do the right thing' by their customers and broader society to meet community expectations
03/17/2020
UBS, Credit Suisse and Lombard Odier – to mention but a few – have chosen different strategies so far.