Saturday, 12 Jul 2025

Asia

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Goldman's consumer bank chief to step down in leadership swap: Bloomberg News

(Reuters) – Harit Talwar, the global head of Goldman Sachs Group Inc’s GS.N consumer bank, Marcus, is stepping down as part of a management shuffle, Bloomberg News reported bloom.bg/2GllE0k on Monday, citing people familiar with the matter. Omer Ismail, head of the bank’s U.S. consumer business, will take on Talwar’s role, the report added. Talwar […]

Fighting Between Armenia and Azerbaijan Risks Drawing in Bigger Powers

MOSCOW — A long-simmering territorial dispute in the Caucasus region that reignited in recent days, with tanks, artillery helicopters and infantry engaged in combat, suggests that the two sides — Azerbaijan and Armenia — are girding for an extended conflict rather than the border skirmishes that they have engaged in over the years. And what […]

Hedge fund manager Odey pleads not guilty to indecent assault charge

LONDON (Reuters) – Crispin Odey, one of Britain’s highest-profile hedge fund managers and political donors, pleaded not guilty in court on Monday to a charge of indecent assault.Slideshow ( 4 images )Odey, 61, was charged in May with indecently assaulting a woman in 1998 under the Sexual Offences Act. Appearing at Westminster Magistrates’ Court, the […]

Bank of England's Ramsden sees 0.1% as floor for rates

FILE PHOTO: People walk in front of the Bank of England, as the number of coronavirus disease (COVID-19) cases grow around the world, in London, Britain, March 19, 2020. REUTERS/Simon DawsonLONDON (Reuters) – Bank of England Deputy Governor Dave Ramsden said he thought the floor for the central bank’s key interest rate was 0.1% but […]

China's leaders to endorse lower 2021-2025 growth target at key meeting: sources

BEIJING (Reuters) – China’s leaders are poised to endorse a lower economic growth target for Beijing’s next five-year plan compared with 2016-2020, as authorities navigate growing challenges fuelled by a deepening rift with the United States, policy sources said.FILE PHOTO: A general view of buildings in Shanghai, China August 11, 2020. REUTER/Aly SongPresident Xi Jinping […]

Rebound and reflection in Wuhan as coronavirus claims a million lives

WUHAN, CHINA (AFP) – As the coronavirus claimed its millionth life, people in Wuhan expressed sadness on Monday (Sept 28) at the continuing global impact of the pandemic – more than nine months after it emerged in the central Chinese city. Pride at the city’s resilience in the face of the calamity is tinged with […]

European stocks jump after China data, banking rebound

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 25, 2020. REUTERS/Staff(Reuters) – European stocks partly recovered from last week’s hefty losses on Monday, helped by upbeat industrial profits data from China and a jump in German lender Commerzbank after it appointed a new chief […]

2nd round of funding from Invictus Fund open to social service agencies

SINGAPORE – Social service agencies can now tap a second round of funding to transform their service delivery and operations to cope better with future demands, such as by acquiring digital technology. The second tranche of The Invictus Fund, launched in April, is open for applications from now till Oct 30. The fund is meant to […]