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Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia

Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia.

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SoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet

Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut

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Indonesian fund to raise another 12.6 trillion rupiah from patriot bonds

Danantara has not specified how it will use the additional proceeds

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Chinese bonds see no haven demand from stock losses on PBOC bets

The central bank’s reluctance to ease its policy further remains the core issue weighing on the debt market

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New Zealand central bank cuts cash rate by 25 bps to 2.25%

New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25 per cent on Wednesday, its...

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Gambling, prediction markets create new credit risks, Bank of America warns

The bank says that there are already worrisome signs in some indicators of consumer stress, citing a US News survey

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Jack Ma-backed Ant’s profit grew 10% after AI, global expansion

The company contributes 2.7 billion yuan of profit to Alibaba Group Holding

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Barclays sees surge in Africa, Asia cross-border deal flows

The Middle East, India and Singapore are doing more transactions in the region, and this will likely increase in 2026

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ECB reviews claims Deutsche Bank downplayed financial risks

It underplayed risks in its balance sheet and gave misleading picture of its financial health

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ABN Amro to cut 5,200 jobs by 2028

It wants to cut costs and optimise capital allocation to boost profitability

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