UBS brings back former CEO Sergio Ermotti after Credit Suisse deal
Markets Finance Ralph Hamers is stepping down as the Swiss lender moves into a new era
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Aeorema Communications Books record 1H revenue, profit after continued growth
Published: March 29, 2023 at 03:08 ET By Kyle Morris Aeorema Communications PLC said on Wednesday that revenue and profit before tax reached record levels for the first half of the 2023 financial year after it booked continued growth and major investments. The live events company said pre-tax profit for the six months ended December …
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Alibaba to split into six groups, explore IPO in departure from Jack Ma era – The Wall Street Journal
Alibaba will split into six groups and explore IPOs in a departure from the Jack Ma eraThe Wall Street Journal Alibaba divides itself into 6 business groupsLos Angeles Times Alibaba will split into six units, reshaping Jack Ma’s business empireCNN Alibaba has ensured that it is not too big to succeedBloomberg Alibaba is divided into …
Russia’s economy has begun to disappear
MOSCOW – The opening months of Russia’s invasion of Ukraine last year led to a surge in oil and natural gas prices that brought an unexpected windfall for Moscow. Those days are over. As the war continues into its second year and Western sanctions bite harder, Russia’s government revenues are squeezed and its economy has …
Alibaba co-founder Jack Ma returns to China after a year away
Tech The billionaire’s trip home comes as Beijing eases a tech crackdown that is hitting confidence among private companies
Welcome to the Superprime Banking Crisis – WSJ – The Wall Street Journal
Welcome to the Superprime Banking Crisis – WSJThe Wall Street Journal Are ‘Too Big To Fail’ Banks Really the Safest Place for Your Money?Yahoo Finance Letter to the editor: Reassuring banking concernsPlumas County Newspapers The simplest solution for banking| Gulf TimesGulf Times When a bank fails, there is always a bad guyThe Wall Street Journal …
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Bank strains, inflation threaten global economic recovery
Economy A strong services sector supports activity around the world, but that strength also fuels inflation
15 books we read this week
Books and art Books Bookshelf Uncovering a Ukrainian family’s buried past, Cathleen Schine’s novel of memory and exile, a story of humanism and much more.
‘Red alert recession signals.’ Gundlach expects the Fed to lower interest rates significantly ‘soon’.
Published: March 24, 2023 at 8:27 a.m. ET That was money manager Jeffrey Gundlach in a series of tweets early Friday, after the Federal Reserve’s ninth straight rate hike since March 2022, though his cautionary tone sparked a rally for stocks as investors expect the central bank will have to start cutting interest rates. maybe …
Durable goods orders fall 1% in February with cars and planes to blame
Last updated: 24 March 2023 at 9:06 a.m. ET First published: March 24, 2023 at 8:36 a.m. ET The numbers: Orders for U.S.-made goods fell 1% in February on lower demand for airliners and new cars. Still, business investment rose for the second straight month in a sign that the industrial side of the economy …
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