Business

Analysis-BOJ could temper its taper as bond wobbles rattle markets

Tuesday, May 19 by SRN News

By Leika Kihara TOKYO, May 19 (Reuters) - Financial market turbulence could force the Bank of Japan to go slow on the unwinding of its massive debt holdings, giving anxious bond investors some relief as surging yields lay bare worsening fiscal strains and inflation pressures. The... Read More.

StanChart to cut more than 7,000 jobs as bank steps up AI adoption

Tuesday, May 19 by SRN News

By Selena Li HONG KONG, May 19 (Reuters) - Standard Chartered plans to cut more than 7,000 jobs over the next four years as it boosts adoption of artificial intelligence while targeting growth. The London-headquartered lender is one of the first major global banks to... Read More.

New Zealand’s government plans to cut 14% of public sector jobs to slash spending

Tuesday, May 19 by SRN News

WELLINGTON, New Zealand (AP) - New Zealand's government will lay off nearly 9,000 workers, amounting to 14% of public sector jobs, by mid-2029 as part of a bid to slash billions in spending, Finance Minister Nicola Willis said Tuesday. Willis said her administration would... Read More.

Global fund managers boost equity allocations by record in May, BofA survey shows

Tuesday, May 19 by SRN News

LONDON, May 19 (Reuters) - Global fund managers raised their allocation to equities by the most on record in May, driven by optimism over earnings growth and by the possibility of the Federal Reserve cutting rates, according to a Bank of America monthly survey... Read More.

Stellantis to push US revival, brands and Chinese deals in high-stakes pitch to investors

Tuesday, May 19 by SRN News

By Giulio Piovaccari MILAN, May 19 (Reuters) - Stellantis' CEO Antonio Filosa will outline a new long-term strategy to investors on Thursday with a focus on reviving crucial U.S. sales, tightening the group's sprawling portfolio, and leveraging tie-ups with Chinese firms. The presentation at the Fiat-to-Jeep... Read More.

The UAE’s economy and image as Mideast haven are tested by war

Tuesday, May 19 by SRN News

DUBAI, United Arab Emirates (AP) - The United Arab Emirates for decades has advertised itself as a haven for international business in a Middle East awash in violent upheaval. Those waves have now crashed into this nation, testing its economic model like never before. The... Read More.

Putin visits China to reaffirm Russia ties as Xi also seeks stable US relations after Trump summit

Tuesday, May 19 by SRN News

BEIJING (AP) - Russian President Vladimir Putin is traveling to China to meet with Chinese leader Xi Jinping less than a week after U.S. President Donald Trump wrapped up his own trip to Beijing. Putin is scheduled to be in China on Tuesday and Wednesday... Read More.

Analog Devices in talks to buy Empower Semiconductor for $1.5 billion, Bloomberg News reports

Tuesday, May 19 by SRN News

May 18 (Reuters) - U.S. chipmaker Analog Devices is in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5 billion in cash, Bloomberg News reported on Monday, citing people familiar with the matter. Here are a few details: • Empower Semiconductor... Read More.

Kyle Su’s Kuark Capital launches $400 million Asia tech-focused hedge fund

Tuesday, May 19 by SRN News

By Summer Zhen HONG KONG, May 19 (Reuters) - A Hong Kong-based fund manager is launching a new hedge fund to tap rising investor interest in Asian artificial intelligence stocks, with a focus on Taiwan and Japan, three sources familiar with the matter said. Kuark Capital,... Read More.

Japan’s economy expands at a 2.1% annual pace, boosted by consumer spending

Tuesday, May 19 by SRN News

TOKYO (AP) - The Japanese economy grew at an annualized rate of 2.1% in the January-March quarter, the government said Tuesday, showing its resilience despite rising energy prices because of the war in Iran. Japan's real gross domestic product, or GDP, the sum value of... Read More.

Current Weather

Analysis-BOJ could temper its taper as bond wobbles rattle markets

StanChart to cut more than 7,000 jobs as bank steps up AI adoption

New Zealand’s government plans to cut 14% of public sector jobs to slash spending

Global fund managers boost equity allocations by record in May, BofA survey shows

Stellantis to push US revival, brands and Chinese deals in high-stakes pitch to investors

The UAE’s economy and image as Mideast haven are tested by war

Putin visits China to reaffirm Russia ties as Xi also seeks stable US relations after Trump summit

Analog Devices in talks to buy Empower Semiconductor for $1.5 billion, Bloomberg News reports

Kyle Su’s Kuark Capital launches $400 million Asia tech-focused hedge fund

Japan’s economy expands at a 2.1% annual pace, boosted by consumer spending

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