January 17, 2023 12:23 pm
Japan’s leading brokerage and investment bank Nomura Holdings Inc (8604) has cut 18 Asian banking jobs, with the majority of them being China-focused investment roles, according to a report by Reuters, citing unidentified sources familiar with the matter. The sources claimed that Nomura had laid off bankers in Singapore, Hong Kong, Malaysia and Taiwan last […]
Read moreJanuary 16, 2023 2:01 pm
Toyota Motor Corp (7203) said earlier on Monday it expected to manufacture 10.6 million vehicles during its current fiscal year. Yet, the auto maker also said it saw a downside risk of nearly 10% on that baseline production volume as a result of risks such as chip supply shortages or the COVID-19 pandemic. In December, […]
Read moreJanuary 16, 2023 8:32 am
Mexico’s Foreign Minister Marcelo Ebrard said last Friday that BMW was intending to make a new huge investment in the state of San Luis Potosi, where the company already operates a facility. Earlier in the week, Ebrard and Mexico’s President Andres Manuel Lopez Obrador had said the auto maker was considering an almost EUR 800 […]
Read moreJanuary 13, 2023 2:54 pm
Alliant Energy Corp (LNT) said on Friday that it had appointed Lisa Barton to the newly created role of President and Chief Operating Officer, effective February 27th. As COO, Barton will work closely with John Larsen, Alliant Energy’s Chairman and Chief Executive Officer, to execute the firm’s investment growth plan and further advance its work […]
Read moreJanuary 12, 2023 12:35 pm
Starbucks Corp’s support center employees in the US will be required to work from office at least three days in a week. Previously, they were required to work from office at least one day per week. From January 30th, the coffee chain’s employees within commuting distance will have to be in the office on Tuesdays, […]
Read moreJanuary 12, 2023 9:35 am
Karora Resources Inc said on Wednesday its full-year 2022 gold production had reached the record 133,836 ounces from its Beta Hunt and Higginsville mines in Western Australia. Full-year gold sales also hit the record 132,047 ounces, Karora said. Gold production remained robust at 37,258 ounces in the fourth quarter of 2022, while gold sales stood […]
Read moreJanuary 11, 2023 12:17 pm
Wells Fargo & Co (WFC) on Tuesday announced strategic plans to create a more focused home lending business, aiming to serve bank customers and minority communities. The bank will also exit the correspondent lending business and intends to reduce the size of its mortgage servicing portfolio. Wells Fargo also said it would invest an additional […]
Read moreJanuary 11, 2023 9:43 am
Skoda Auto, a unit of Volkswagen (VOWG), said on Wednesday its worldwide deliveries had slumped 17% in 2022 as a result of parts shortages, strained supply chains and the military conflict in Ukraine. Skoda delivered 731,300 vehicles globally in 2022, as it saw the biggest decrease in Russia – by 80%. “The market situation will […]
Read moreJanuary 9, 2023 12:25 pm
Stellantis and Element 25 Limited on Monday announced they had signed a binding agreement, under which Element 25 will supply battery grade, high purity manganese sulphate monohydrate to Stellantis to be used in electric vehicle batteries. The 5-year agreement envisages a total supply volume of 45 kilotons with options to extend the supply term and […]
Read moreJanuary 9, 2023 10:19 am
According to a report by Reuters, citing unidentified sources with knowledge of the matter, Goldman Sachs Group Inc intends to begin cutting thousands of jobs across its business from Wednesday, as it braces for unfavorable macroeconomic conditions this year. According to one of the sources, job reductions may exceed 3,000, but the final number is […]
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