HONG KONG (Reuters) -Moody’s Corp is shutting its China consulting business and is laying off people associated with the unit in multiple locations across the country, two people with knowledge of the matter said on Friday. The U.S.-headquartered credit rating firm started winding down the business, Moody’s Analytics, in China this week, the people said…
By Nell Mackenzie LONDON (Reuters) – Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and some say pension schemes are still offloading assets as pressures persist. British defined benefit pension funds were caught up in market turmoil in September caused…
(Reuters) – Tesla Inc has recalled nearly 30,000 Model X cars over an issue that may cause the front passenger air bag to deploy incorrectly. The issue would be remedied over an over-the-air update, the company said. (Reporting by Akash Sriram in Bengaluru; Editing by Anil D’Silva)
(Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on Friday its fiscal 2022 second-half results are expected to improve over the first half, helped by an uptick in travel and air cargo demand but maintained it would record an annual loss. (Reporting by Jaskiran Singh in Bengaluru; Editing by Sriraj Kalluvila)
BEIJING (Reuters) – China’s property sector will remain weak but will see a gradual recovery in 2023, economists said in a Reuters poll, expecting further stimulus measures and looser COVID-19 curbs to support the crisis-stricken sector next year. New home prices are expected to fall in the first half of next year before rising for…
By Sonali Paul and Muyu Xu MELBOURNE (Reuters) -Oil pared early gains and was on track for a steep weekly decline on concerns about weakening demand in China and further interest rate rises by the U.S. Federal Reserve. Brent crude futures had edged lower by 13 cents or 0.1% to $89.65 a barrel by 0737…
HONG KONG (Reuters) – Moody’s Corp is shutting its China consulting business and is laying off people associated with the unit in multiple locations across the country, two people with knowledge of the matter said on Friday. The U.S.-headquartered credit rating firm started shutting the business, Moody’s Analytics, in China this week, said the people…
A look at the day ahead in markets from Anshuman Daga While Fed speakers talk tough on interest rates and keep market expectations in check, Britain’s bleak outlook will also weigh on UK assets. St. Louis Fed President James Bullard said that even under a “generous” analysis of monetary policy, the Fed needs to keep…
By Paresh Dave and Katie Paul (Reuters) – Meta Platforms Inc Chief Executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger would drive the company’s next wave of sales growth, as he sought to assuage concerns about Meta’s finances after its first mass layoffs. Zuckerberg, addressing pointed questions at a company-wide meeting a…
By Sheila Dang, Paresh Dave and Hyunjoo Jin (Reuters) – Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at high intensity,” or leave. In a poll on the workplace app Blind, which verifies employees…
