Big U.S. banks see loan growth slowing as outlook for demand, economy darkens
U.S. bank executives said they’re optimistic on loan growth as demand for borrowing from retail and business customers bounced back in the second quarter from the lows of the pandemic, but warned demand could weaken later this year if the worsening economic outlook starts to hurt consumer confidence.
TomTom sticks with revenue and cashflow guidance, giving shares a boost
Dutch digital mapping group TomTom (TOM2.AS) on Friday confirmed its revenue and cashflow guidance for 2022 and 2023, boosting its shares, after reporting a bigger-than-expected second-quarter loss, citing high inflation and strained supply chains.
Analysis: Macro gamblers grapple with immovable Bank of Japan
Investors betting that Japan will have to quit its ultra-loose monetary policy are running into riskier and pricier territory as the showdown shifts to the Bank of Japan’s home turf in the bond market.
EXCLUSIVE Alibaba cuts a third of deals team staff after regulatory crackdown-sources
Alibaba Group (9988.HK) is cutting over a third of staff in its in-house deals team, four people with knowledge of the matter said, after Beijing’s sweeping regulatory crackdown sharply slowed the Chinese e-commerce behemoth’s dealmaking pace.
TSMC sees resilient chip sales boosting Q3; electronics demand cooling
Taiwan’s TSMC (2330.TW) forecast revenue growth that could be the highest in 10 quarters, saying it was “highly confident” about its long-term prospects and touted demand for high-tech chips used in data centres and electric vehicles.
EXCLUSIVE Barclays seeks entry into China’s $4.3 tln asset management market -sources
Barclays (BARC.L) is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender’s plans to expand its footprint in the world’s second-largest economy.
Analysis: Chevy’s electric Blazer SUV fights to stand out in a crowd
General Motors Co’s (GM.N) electric Chevy Blazer SUV will be vital to the automaker’s effort to catch Tesla Inc in the U.S. EV market, but by the time it hits showrooms next year it will be fighting a crowd of vehicles to run second in a segment dominated by Tesla’s Model Y.
Analysis: Why Elon Musk’s fight with Twitter could draw further SEC scrutiny
Twitter Inc’s (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny from the U.S. securities regulator over whether Musk has misled the market during the course of the deal.
Stocks fall, dollar gains as U.S. inflation prompts 100 bps hike bets
European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S. inflation reading increased investor caution about Federal Reserve rate hikes.
Calling the Midwife – for eLearning
Over 1,000,000 midwives from around the world now have access to an eLearning platform developed for The International College of Midwives (ICM) by Scotland’s leading digital learning and assessment specialist, eCom Learning Solutions.
