(Reuters) – Citigroup (NYSE:C) is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term restructuring to shrink headcount, the Financial Times reported on Tuesday. Managers have been told that as many as 2,000 Citi employees could get a pay hike and title in the next month,…
Investing.com– Most Asian currencies edged lower on Tuesday, with the Chinese yuan dropping to a four-month low against a stronger dollar after U.S. President-elect Donald Trump said he will impose additional trade tariffs on China, Mexico, and Canada. Trump threatened to impose a 25% tariff on all products from Mexico and Canada, and an additional…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s exports grew in October at the fastest pace in three months, beating analysts’ forecasts, as the commerce ministry anticipated strong final-quarter growth would see its full-year target surpassed. Exports, a key driver of Southeast Asia’s second-largest economy, rose 14.6% in October annually, well above a…
TOKYO (Reuters) – The Japanese government maintained its assessment that the economy is recovering moderately on Tuesday, while cautioning about the potential impact of U.S. President-elect Donald Trump’s policies on the economic outlook. “Trends in the U.S. economy can have a direct or indirect impact on the Japanese economy, and we also need to be…
(Reuters) – Nissan (OTC:NSANY) Motor is looking for a long-term investor, such as a bank or insurance group, to help it replace some of Renault (EPA:RENA)’s diluted stakeholding, the Financial Times reported on Tuesday. Nissan, Japan’s third-largest automaker by vehicle sales, has not ruled out having second-ranked Honda (NYSE:HMC) Motor buy some of its shares,…
By Libby George LONDON (Reuters) – A global resurgence in industrial policies that aim to boost or protect domestic interests threatens international cooperation and could hurt poorer countries in particular, the European Bank for Reconstruction and Development said in an annual report. The annual transitions report, which this year examined data impacting trade for 140…
Investing.com– Bitcoin fell on Tuesday, retreating further from recent peaks as risk appetite was rattled by President-elect Donald Trump threatening more trade tariffs on China and other countries. The world’s largest cryptocurrency was also hit with a wave of selling pressure, likely profit-taking, after it failed to breach the coveted $100,000 level last week. Bitcoin…
(Reuters) – Walmart (NYSE:WMT) plans to cut back some of its diversity, equity and inclusion (DEI) initiatives, a spokesperson for the retailer said on Monday, joining a growing list of firms feeling the heat from conservative groups. Bloomberg News reported that Walmart will no longer consider race and gender to boost diversity when granting supplier…
BERLIN (Reuters) – Roche will acquire California-based biopharmafirm Poseida Therapeutics for $9 per share at closing, for a total equity value of $1 billion, the Swiss company said on Tuesday. Stockholders will also receive a non-tradeable contingent value right (CVR) for $4 per share, representing a total deal value of up to approximately $1.5 billion,…
By Foo Yun Chee BRUSSELS (Reuters) – Google has proposed more changes to its search results in Europe after some smaller rivals complained about lower traffic to their sites resulting from previous tweaks by the Alphabet (NASDAQ:GOOGL) unit and as EU antitrust regulators consider levying charges against the company under new EU tech rules. Under…
