(Repeats fixing typo in last quote) By Libby George LONDON (Reuters) – Cautious optimism in the developing world that wealthier countries and China had finally fixed the tortuous process of sovereign debt restructurings is fizzling again. Debt crisis veterans gave a weary thumbs up in April to plans to galvanize the G20-led “Common Framework” –…
By Xinghui Kok SINGAPORE (Reuters) – Singapore-based Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery app, is cutting 1,000 jobs or 11% of its workforce, its CEO said on Tuesday, citing the need to manage costs and ensure more affordable services long term. In a letter sent to employees late on Tuesday and seen…
By Saeed Azhar NEW YORK (Reuters) -The head of healthcare investing at Goldman Sachs Asset Management, Jo Natauri, will leave the company at the end of the year to pursue other opportunities in the sector. “We’re entering a pretty attractive period for healthcare private investing, which I think could be pretty interesting to explore,” Natauri…
ROME (Reuters) – Giorgio Bruno, who was the designated new CEO of Italian tyremaker Pirelli, is leaving the company, shareholder Camfin said on Tuesday, confirming earlier press reports. Camfin, the holding company of Pirelli’s longtime CEO Marco Tronchetti Provera, said it would instead propose the appointment of Andrea Casaluci as chief executive. Camfin also said…
LONDON (Reuters) – U.S. Secretary of State Antony Blinken said he would set out a new assistance package for Ukraine on Wednesday at a conference aimed at encouraging private companies to invest in the country’s reconstruction after Russia’s invasion. Kyiv and London will host the Ukraine recovery conference in London on Wednesday and Thursday, when…
By Tom Sims FRANKFURT (Reuters) – Deutsche Bank’s new retail boss wants to get cyber-savvy youth into bank branches and put the bank at the heart of communities, a bold vision in an industry struggling to balance technology with a brick-and-mortar presence. For years, banks in Europe, including Deutsche, have been slashing branch networks to…
By Joanna Plucinska and Valerie Insinna PARIS (Reuters) -Ukraine is in negotiations with Western arms manufacturers to boost production of weapons, including drones, and could sign contracts in coming months, a Ukrainian minister told Reuters. Since Russia’s invasion of Ukraine last year Ukraine has been scrambling to secure weapons ranging from munitions to rocket launchers…
CAIRO (Reuters) -The Central Bank of Egypt (CBE) is expected to leave its overnight interest rates unchanged on Thursday after President Abdel-Fattah al-Sisi appeared to rule out any devaluation of the currency in coming months, a Reuters poll showed on Monday. The median forecast in a poll of 17 analysts is for the bank to…
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.25% for a second straight meeting on Thursday and the remainder of the year as price pressures ease, a Reuters poll of economists found. Inflation has steadily decreased from a 14-year peak in January and…
KYIV (Reuters) – Philip Morris International Inc will launch a new $30 million production facility in the Lviv region in western Ukraine in the first quarter of next year, the company said on Tuesday. It said the facility would create 250 jobs. “This investment reflects our commitment as Ukraine’s long-term economic partner,” Maksym Barabash, Chief…
