Reuters Asia Business

By Sumeet Chatterjee, Stefania Spezzati and Lawrence White HONG KONG/LONDON (Reuters) -HSBC is cutting as many as 15% of its 2,000 senior operations managers worldwide, as it attempts to streamline its management ranks and reduce costs, two sources with knowledge of the matter said. The global job cuts at the London-headquartered bank will fall across …

Exclusive-HSBC shedding at least 200 senior operations managers in global cuts -sources Read More »

BRASILIA (Reuters) – Brazil posted a record trade surplus for November, official data showed on Thursday, driven by booming exports, with emphasis on sales to China. According to the Economy Ministry, the trade surplus reached $6.7 billion in November, beating a $5 billion surplus expected by economists in a Reuters poll. This was the strongest …

Brazil posts record trade surplus for November boosted by sales to China Read More »

By Lananh Nguyen, Saeed Azhar and Niket Nishant NEW YORK (Reuters) – Morgan Stanley is making modest job cuts across the globe, Chief Executive Officer James Gorman said, as Wall Street comes under pressure with dealmaking slowing down. “Some people are going to be let go,” Gorman said at the Reuters NEXT conference, without specifying …

Morgan Stanley making ‘modest’ job cuts; CEO ‘wouldn’t bet against’ Musk Read More »

NEW YORK (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo said China was continuing to struggle with its zero-COVID policy and growth there been disappointing, while policies aimed at large-scale vaccinations had put the U.S. economy on a better course. Asked about unexpected protests springing up across China against further lockdowns, Adeyemo said the United …

REUTERS NEXT: Treasury’s Adeyemo says China continues to struggle with zero-COVID policy Read More »

SINGAPORE, Dec 1 (Reuters) – Exports of Malaysian palm oil products for November rose 2.8 percent to 1,519,560 tonnes from 1,477,713 tonnes shipped during October, cargo surveyor Societe Generale de Surveillance said on Thursday. Breakdown of SGS palm export figures for November compared to a month ago (in tonnes): PALM PRODUCTS November October Crude palm …

Malaysia’s November palm oil exports rose 2.8 pct -SGS Read More »

BEIJING (Reuters) – China opposes the U.S. Federal Communications Commission’s ban on new Chinese telecommunications equipment sales, the commerce ministry said on Thursday, vowing to adopt necessary measures to safeguard the rights of its domestic firms. The Biden administration on Friday banned the sale or import of new telecommunications equipment from China’s Huawei Technologies and …

China will move to protect its firms following U.S. telecoms ban Read More »