Featured Archives • Page 940 of 1430 • Financial News

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McKinsey plans to eliminate about 2,000 jobs in one of its biggest rounds of cuts

MCKINSEY & Co plans to eliminate about 2,000 jobs, one of the consulting giant’s biggest rounds of cuts ever.

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Euro eases, but robust services data stems losses

THE dollar held near six-week highs on Tuesday (Feb 21), as the euro came under pressure after data showed eurozone manufacturing activity deteriorated this month, although a rebound in the more inflation-sensitive services sector kept losses in check.

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China central bank asks banks to slow lending in February

CHINA’S central bank has told some banks to slow the pace of lending, to contain risks after new bank loans jumped to a record in January, three bankers with knowledge of the matter said.

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Credit Suisse chairman’s comments draw scrutiny from financial watchdog: sources

SWISS financial regulator Finma is reviewing remarks made by Credit Suisse chairman Axel Lehmann about outflows from the lender having stabilised in early December, two sources said.

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Warburg Pincus raising 3 billion yuan in maiden yuan fund for China deals

WARBURG Pincus is raising 3 billion yuan (S$584 million) in its maiden yuan-denominated fund, two people with knowledge of the matter said, joining a growing list of private equity investors eyeing local currency investment opportunities in China.

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Warburg Pincus raising 3 billion yuan in maiden yuan fund for China deals: sources

WARBURG Pincus is raising 3 billion yuan (S$584 million) in its maiden yuan-denominated fund, two people with knowledge of the matter said, joining a growing list of private equity investors eyeing local currency investment opportunities in China.

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Japan’s key yield rises above BOJ cap on policy tweak bets

JAPAN’S benchmark yield briefly rose above the central bank’s ceiling for the first time since its January meeting, as traders continued to bet on further policy tweaks.

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PayNow links up with India’s UPI, enabling real-time payments between Singapore and India

INDIVIDUALS in Singapore and India will now be able to send real-time payments to one another through a service that links the Republic’s PayNow with India’s Unified Payments Interface (UPI).

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HSBC takes US$300 million hit on Russia business sale, says deal on track for 2023

HSBC said it still expects to complete the sale of its Russia business in first-half 2023, in the most significant update on the progress of the deal since it said in July 2022 it had agreed to sell the unit to local lender Expobank.

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HSBC eyes special payout after profit jumps, bonus pool cut

HSBC Holdings will consider a special payout after the sale of its Canadian unit as the bank attempts to face down a campaign from its largest shareholder to pursue a wider break-up of the business.

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