Three cheers for Nomura Holdings Inc. At least from its shareholders, not its staff. After three straight quarters of losses, the Japanese investment bank unveiled plans to cut $1 billion in costs from its struggling wholesale business. The measures largely target Europe, though no region, including its home market, is spared completely. Ever since it bought Lehman Brothers Holdings Inc.’s ...

A recently published Strategy& study examines the role of “chief digital officer” in the world’s 2,500 largest publicly listed companies. Chief among the consultancy’s findings: 2016 “was the high-water mark in CDO hiring” (though their 2018 data run only through the first quarter of the year, a spokesperson says). One reason for that peak, the study’s authors say, is that ...

Even as India is consumed by its upcoming elections, the world’s biggest, the country is nearing another milestone: It’s set to overtake the UK to become the world’s fifth-largest economy. By 2030, its GDP could top $10 trillion. Yet, unusually for such a geographically large and economically vibrant country, India has no states to compare to California in the US, ...