Goldman cutting more than 30 Asia investment banking jobs – sources
By Julie Zhu, Kane Wu and Selena Li HONG KONG (Reuters) -Goldman Sachs Group is cutting more than 30 banking…
Economy
Vodafone and Hutchison’s UK mobile merger faces tough test yet
By Paul Sandle LONDON (Reuters) -It has taken months of tortuous negotiations for Vodafone and CK Hutchison to agree a…
Factbox-Layoffs pick up pace in Canada as Bell cuts 1,300 roles
(Reuters) – Canadian companies across industries have laid off thousands in recent months as a post-pandemic spending splurge fades and…
Mondelez plans to separate Russia operations by year-end
(Reuters) – Oreo-maker Mondelez International said on Thursday it has scaled down operations in Russia and plans to make it…
European shares slip after ECB rate hike
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares slipped on Thursday after the European Central Bank (ECB) raised…
Peru’s GDP grows 0.31% in April, misses expectations
LIMA (Reuters) – Peru’s gross domestic product (GDP) expanded 0.31% in April compared with the same month last year, the…
Generali to buy Liberty Mutual’s Spanish Unit in $2.5 billion all-cash deal
ROME (Reuters) -Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion),…
Tesla: German plant reducing shifts, production targets on track
By Victoria Waldersee BERLIN (Reuters) -Tesla will hire fewer temporary workers at its plant outside Berlin than it did in…
ECB raises rates to 22-year high, in no mood to pause
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank raised borrowing costs to their highest level in…
Canada’s housing data shows recovery accelerating before rate hike
By Fergal Smith TORONTO (Reuters) – Canada’s housing market showed further signs of recovery in May following a yearlong slump,…