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TOKYO, Japan (AFP) — Confidence among Japan’s biggest manufacturers has risen for the second straight quarter, a key central bank survey showed Monday, a welcome boost for the world’s third-largest economy. The report comes after a batch of government data on Friday showed inflation and factory output picked up in February while the unemployment rate dipped to a two-decade low. Japan has been struggling to mount a firm economic recovery and put years of on-and-off […]
SINGAPORE, Singapore (AFP) — A top Singapore bank said Thursday it has suspended loans to anyone wanting to buy property in London, citing uncertainty from Britain’s vote to quit the EU but dealing a blow to investors looking to make the most of the weak pound. United Overseas Bank (UOB), one of the city-state’s three homegrown lenders, said it was monitoring the market closely to determine when the loans would resume. “We will temporarily stop […]
(Reuters) HSBC will shed almost 50,000 jobs and take an ax to its investment bank, cutting the assets of Europe’s biggest lender by a quarter in a bid to simplify and improve its sluggish performance. The bank said on Tuesday (June 9) about half the staff cuts will come from the sale of businesses in Brazil and Turkey. The other half will come from cutting about 10 percent of the remaining 233,000 staff by consolidating […]
