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HSBC CEO says AI will destroy and create new jobs, urges staff to embrace change

The lender cites AI as a driver for slimming down its operations to increase profitability

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Global bond sell-off threatens turmoil in weakest Asian economies

The jump in US yields has intensified pressure across emerging Asia

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US 30-year yield hits highest since 2007 as sell-off deepens

Yields on government bonds have surged globally in recent weeks

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Goldman Sachs targets ‘huge opportunity’ despite Iran shock

GOLDMAN Sachs Group’s international co-heads say the turbulent start to the year has done little to deter clients, underscoring Wall Street’s bullish...

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Fed’s Warsh has a difficult boss and tough job ahead, says StanChart CEO Winters

Incoming Federal Reserve chair Kevin Warsh faces both a tough environment and a “difficult boss,” Standard Chartered CEO Bill Winters said on...

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Japan’s faster economic growth offers window for BOJ rate hike

Expansion provides scope for higher borrowing costs and policymakers may want to act before Mid-East conflict starts weigh on growth

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Indonesia’s financial regulator says stock index reflects fundamentals after fall

The rupiah remained under pressure on Tuesday, hitting a record low of 17,730 a dollar

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StanChart Singapore to hire more wealth bankers amid global cuts; impact on other roles still unclear

The lender plans to cut more than 15% of its global corporate function headcount

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StanChart Singapore to hire more wealth bankers amid plans to cut over 7,000 jobs globally

The lender will cut more than 15% of its global corporate function headcount, but the impact on Singapore roles remains unclear

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AI replaces ‘lower-value human capital’, StanChart CEO says

Bill Winters’ remarks echo a growing candor among global financial leaders regarding the realities of automation

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