MUFG, Morgan Stanley to deepen alliance, merge some Japan operations
By Makiko Yamazaki TOKYO (Reuters) – Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley said on Tuesday they will deepen…
Business
Novartis raises 2023 forecast, maps out Sandoz spin-off
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings forecast for the second time on strong drug…
Yellen sees disinflation pressures at work as hiring surge fades – Bloomberg News
(Reuters) – U.S. Treasury Secretary Janet Yellen said a cooling — but not faltering — labor market is playing a…
ECB hawk says bank will carefully weigh inflation data after July
AMSTERDAM (Reuters) – The European Central Bank (ECB) will look closely for signs of inflation cooling down in the coming…
Malaysia PM says China’s Geely to invest $10 billion in domestic auto hub -report
KUALA LUMPUR (Reuters) – Chinese car maker Geely will invest $10 billion to develop Malaysia’s main auto-making hub, state news…
Court rules against Uber in major win for California workers
By Daniel Wiessner (Reuters) – Uber Technologies Inc must face a California lawsuit claiming it should have covered UberEats drivers’…
BNY Mellon beats second-quarter profit estimates on higher rates
(Reuters) – Bank of New York Mellon Corp beat Wall Street targets for second-quarter profit on Tuesday as the U.S….
UK on track for most company insolvencies since 2009
LONDON (Reuters) – England and Wales are on track for the highest quarterly number of company insolvencies since early 2009,…
Marketmind: Retail, housing and banks test jaunty July
A look at the day ahead in U.S. and global markets from Mike Dolan The benign July investment environment gets…
Germany’s ProSiebenSat. 1 to cut 400 jobs in push towards digital
BERLIN (Reuters) -German media group ProSiebenSat.1 will cut 400 full-time positions, the company said on Tuesday, as part of restructuring…