Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…
UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’
UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one)…
China’s unfinished property projects are 20 times the size of Country Garden
BEIJING — The size of unfinished, pre-sold homes in China is about 20 times the size of property developer Country…
China retail sales, industrial data grow faster than expected in October
BEIJING — China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. …
PGA Tour says it will offer players equity ownership after it seals deal with investors
The PGA Tour said Tuesday it will begin to offer professional players direct equity ownership in the new company that…
Here’s the inflation breakdown for October 2023 — in one chart
Inflation declined in October, continuing a broad slowdown as gasoline prices retreated during the month. However, price pressures remain under…
