Harris Associates stock picker David Herro sold the firm’s entire stake in Credit Suisse Group AG, ending ties with the bank after about two decades of ownership and piling further pressure on the troubled Swiss lender’s leadership.
Commodity traders saw record gross margins of about $115 billion last year on market volatility driven by Russia’s war in Ukraine, according to a new report.
Hong Kong’s Securities and Futures Commission has banned a former Citigroup Inc. banker from re-entering the industry for 10 years for regulatory breaches, one of the most high-profile disciplinary actions in recent years.
Revenue growth at Sea Ltd. is set to grind to a halt, a dramatic reversal of the triple-digit percentages that once made the gaming and e-commerce giant a symbol of Southeast Asia’s internet boom.
Global markets are taking China’s modest growth target in their stride, indicating that investors see merit in Beijing’s attempt to revive the world’s second-biggest economy without it overheating.
Ant Group Co. converted a syndicated credit facility into a $6.5 billion sustainability-linked loan last year, the largest of its kind in Asia-Pacific.
Retailers in France have agreed to offer the lowest possible prices for essential food items to help households cope with surging inflation, French Finance Minister Bruno Le Maire said on Monday.
A noticeably higher proportion of women than men would like to work but don’t have a job, a global disparity that has barely budged in a new index dating back in 2005.
UBS Group AG reshuffled its telecommunication, media and technology investment banking team in Asia-Pacific, naming new heads to replace a China veteran as dealmaking in the world’s second-largest economy is struggling to rebound.
(Bloomberg) — Japan and South Korea signaled a breakthrough to end a feud that had disrupted ties on everything from trade to security, drawing praise from President Joe Biden as he seeks to convince the two US allies to help counter growing Chinese influence in Asia.
