Exclusive-China guides banks to further cut deposit rates – sources
(Reuters) – China nudged banks this month to cut deposit interest rates further, seven people with knowledge of the matter…
Economy
Russia’s Sberbank releases ChatGPT rival GigaChat
(Reuters) – Russian lender Sberbank said on Monday it had released technology called GigaChat as a rival to ChatGPT, initially…
Italy plans looser rules on short-term jobs, tax cuts on wages
By Giuseppe Fonte ROME (Reuters) – Italy plans contested legislation that will make it easier for firms to hire workers…
South Koreans tap cash-giving apps to help offset rising living costs
By Hyunsu Yim SEOUL (Reuters) – Throngs of people have been milling seemingly aimlessly around the forecourt of a museum…
Hong Kong’s January-March unemployment eases to 3.1%
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.1% in the January to March period, improving…
Philips shares jump on recall provision and profit improvement
By Bart H. Meijer AMSTERDAM (Reuters) -Philips shares jumped 13% on Monday as the Dutch health technology company reported much…
Citigroup’s Asia Q1 wealth revenue jumps 20% amid new clients, investment gains
HONG KONG (Reuters) -Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance…
Thai central bank chief sees growth at 3.6% this year, inflation risks
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – Thailand’s economy is still seen growing at 3.6% this year, driven…
Philippines sticks to its 5-year GDP growth targets on economic momentum
By Neil Jerome Morales MANILA (Reuters) – The Philippines on Monday maintained its economic growth targets over the next five…
UBS retains risk chief to bolster controls for Credit Suisse deal
ZURICH (Reuters) -Switzerland’s UBS said on Monday it will retain Christian Bluhm as chief risk officer for the “foreseeable future”…