PARIS (Reuters) -Airbus has filled more than half of the 13,000 positions it expects to create in 2023, as aerospace manufacturers try to boost staff numbers to meet soaring demand, the European planemaker said on Wednesday. Planemakers and aerospace suppliers are wrestling with shortages of workers, from engineers to machine shop operators, which is holding…
By Chen Lin and Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s central bank on Wednesday said it had imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and OCBC and insurer Swiss Life, for breaching requirements on anti-money laundering and countering terrorism financing. The Monetary Authority of Singapore (MAS) said it discovered inadequate controls…
By Lawrence White LONDON (Reuters) – Stocks were flat on Wednesday while bond yields rose as a lack of new stimulus from Beijing, bearish British inflation data and a slump in European real estate stoked unease ahead of testimony from U.S. Federal Reserve Chair Jerome Powell. The world’s most powerful central banker faces lawmakers in…
By Gabriella Borter ALBUQUERQUE, New Mexico (Reuters) – The day Alan Braid opened his abortion clinic for business in Albuquerque, New Mexico, last August, he looked out at a waiting room full of patients fresh off trips from Texas, some with suitcases in tow. Several months later, Dr. Braid’s daughter Andrea Gallegos drew a similar…
(Adds graphic) By Aditi Shah and Tim Hepher NEW DELHI/PARIS (Reuters) – Record plane orders by India’s top two carriers show the country’s untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth. Indian budget airline IndiGo announced at…
LONDON (Reuters) -Italian yacht maker Ferretti, pursuing an additional listing of shares in Milan, started taking stock orders from investors on Wednesday, as the luxury sector defies a tough economic backdrop. The company, which already trades on the Hong Kong bourse, plans to sell up to 97 million existing shares, representing around 28.7% of its…
LONDON (Reuters) – Britain, the United States and the European Union pledged billions of dollars of extra help to rebuild Ukraine on Wednesday. Below are the details of some of the commitments made in connection with the Ukraine Recovery Conference in London. EUROPEAN UNION The EU said on Tuesday it would provide Ukraine with 50…
By Bharath Rajeswaran BENGALURU (Reuters) – A roaring rally in mid- and small-cap stocks listed on Indian bourses could see abrupt corrections, as many of them trade at near or record highs even though overall consumption demand remains sluggish, at least six analysts said. The Nifty mid-cap 100 index has hit fresh all-time highs in…
By Kane Wu and Selena Li HONG KONG (Reuters) – UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses. UBS completed its emergency takeover of embattled rival Credit Suisse last week, forging a Swiss banking and…
By Kane Wu and Selena Li HONG KONG (Reuters) – UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses. UBS completed its emergency takeover of embattled rival Credit Suisse last week, forging a Swiss banking and…
