Hong Kong’s financial sector faces talent crunch as expats head for the exit
Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city’s strict coronavirus restrictions.
Kohl’s under fresh pressure as Sycamore expresses interest after Acacia made bid
U.S. department store Kohl’s Corp (KSS.N) may soon receive a second takeover offer as private equity firm Sycamore Partners prepares to make a bid only days after a consortium backed by activist investment firm Starboard Value proposed buying the company, three sources familiar with the matter said on Sunday.
Singapore reviews inflation forecasts as core prices near 8-year high
Singapore is reviewing its official inflation forecasts, authorities said on Monday, after data showed its key price gauge climbed in December by the fastest pace in nearly eight years, driven by a steep increase in air fares.
Philips expects summer recovery from supply chain woes
Dutch health technology company Philips (PHG.AS) said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months.
Activist investor Blackwells Capital pushes Peloton to fire CEO
Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.
Deutsche Bank expected to break profit run in fourth quarter
Deutsche Bank (DBKGn.DE) is expected to swing to a net loss when it reports fourth-quarter earnings on Thursday amid a slowdown in revenue at its investment bank, based on analysts’ consensus estimates.
EXCLUSIVE Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week
Renault SA (RENA.PA), Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters.
Bitcoin skids to six-month low as fears of Ukraine conflict shake markets
Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off.
Analysis: A digital dollar is years away as U.S. Fed kicks issue to Congress
While the Federal Reserve’s paper on potentially adopting a central bank digital currency (CBDC) will advance debate in Washington, its decision to kick the issue to Congress means an official U.S. digital dollar is still several years away.
Chip supplier ASML forecasts strong 2022 despite fire hit
ASML forecast sales growth of 20% in 2022 despite a fire this month at its Berlin plant as the supplier to chipmakers on Wednesday reported better-than-expected fourth-quarter profit.
