By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to “offence mode” amid excitement over advances in artificial intelligence. The group had retreated into a defensive stance, curbing investment activity as it booked heavy investment losses at its…
(Refiles to fix typos in paragraphs 10 and 13) By Echo Wang and Lance Tupper NEW YORK (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come September, potentially marking the end of a weak market for debuts that has persisted for a year and…
By Sarupya Ganguly BENGALURU (Reuters) – U.S. bond markets are already pricing beyond expected Federal Reserve interest rate hikes in coming months, with strategists polled by Reuters forecasting short-dated yields to fall sharply and most saying they will not revisit the year’s highs. Since reaching a high of 5.08% on March 8 after hawkish testimony…
FRANKFURT (Reuters) – The euro held its ground as the world’s second most-used currency for trade, finance and reserve-building last year even as Russia slashed its reliance on it after being hit by sanctions, a European Central Bank report showed on Wednesday. The dominance of the U.S. dollar and the euro – which comes a…
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…
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…
