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Nomura posts $242m net profit in Q1 2022

  Bloomberg Nomura Holdings Inc posted a fourth straight quarter of profit as Japan’s largest brokerage booked gains from a stake sale in one of its affiliated companies, offsetting further provisions for a legal case in the US. Net income totalled 31 billion yen ($242 million) in the three months ended March 31, the firm said in a statement. Nomura ...

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JPMorgan’s Southeast Asia ECM head quits

  Bloomberg Novan Amirudin, head of Southeast Asia equity capital markets at JPMorgan Chase & Co., is leaving after serving more than 15 years at the US bank, according to people familiar with the matter. Novan, who is also head of Malaysia investment banking at JPMorgan, tendered his resignation this week, said the people. He has started his gardening leave, ...

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Bets of easing crackdown spur rise in China technology stocks

Bloomberg Technology stocks led a broad rally in Chinese equities on Friday as the nation’s top leaders vowed to boost economic stimulus and as speculation grew about a possible easing of the continued crackdown on internet firms. The Hang Seng Tech Index jumped 10% in Hong Kong, the most since March 16, led by names like Alibaba Group Holding Ltd. ...

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