BAC

EXCLUSIVE Grab sees no big layoffs despite market weakness

EXCLUSIVE Grab sees no big layoffs despite market weakness

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar su Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 25 (Reuters) – Grab, Southeast Asia’s largest ride-hailing and food delivery company, is not planning massive layoffs like some rivals have, and is hiring more selectively, while moderating its ambitions …

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Stocks crash and rates rise.  It's painful, but we're heading back to normal.

Stocks crash and rates rise. It’s painful, but we’re heading back to normal.

Stocks and bonds fall. Housing has weakened. And I haven’t heard a word about non-fungible cartoon monkey tokens in maybe three months. Strategists are now turning their attention to some truly bizarre assets – two I spoke with last week recommended buying long-dated Treasuries. One also said he favors stocks of companies that generate money, …

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Britain scares away investors with historic tax cuts and borrowing

Britain scares away investors with historic tax cuts and borrowing

Kwarteng slashes top income tax rate amid growth momentum Huge increase in UK government debt issuance expected Gilts suffer biggest drop in decades Pound drops 3% to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng on Friday announced historic tax cuts and huge increases in borrowing in …

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China's Nio takes on BMW and Mercedes in domestic market with flexible battery plan

China’s Nio takes on BMW and Mercedes in domestic market with flexible battery plan

People visit the Nio booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Sept 21 (Reuters) – Chinese electric car startup Nio is seeking to capture a share of the growing European electric vehicle market by …

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