Bloomberg Credit Suisse Group AG has started cutting senior bank jobs in Asia including three managing directors across investment banking and financing as the Swiss giant carries out its plan to reduce global headcount by 9,000, people familiar with the matter said. Among the bankers let go were Johnson Chui, Asia-Pacific head of equity capital markets, Karen Yap from ...

  Bloomberg The euro has scope to bounce back above $1.10 by the end of next year, taking it to levels last seen in the early months of the Russia-Ukraine war, before energy and economic concerns helped drag the common currency below parity with the greenback for the first time in decades. Deutsche Bank AG’s Alan Ruskin and George Saravelos ...

  Bloomberg Africa’s largest economy is expected to devalue its currency after elections in February by the steepest margin in six years to align it with market perceptions, according to a survey of investors and analysts. Nigeria operates a multiple exchange regime dominated by a tightly controlled official rate, cutting off access to many businesses and individuals, which in turn ...

  Bloomberg Franklin Templeton Investments and Eastspring Investments are joining a growing list of money managers snapping up Chinese stocks on bets that Beijing’s pivot away from Covid Zero will bring significant gains. China’s world-beating rally this month has solidified convictions that recent losses are a thing of the past as a property rescue plan and easing on virus controls ...

Bloomberg London is no longer home to Europe’s biggest stock market. That prize has been taken by Paris. This week on the In the City podcast, David Merritt speaks to reporter Joe Easton, who has been closely monitoring the race for months. In 2016, before the Brexit vote, British stocks were collectively worth $1.5 trillion more than France. The French ...

  Bloomberg Airbus SE said production concerns have shifted from a shortage of jet engines to smaller suppliers struggling to cope with spiralling energy costs, with the squeeze expected to become most acute next spring. The world’s largest planemaker is working to mitigate the impact of the energy crisis for component makers by being flexible with its aircraft production sequencing ...

Bloomberg Air France-KLM’s French arm faces possible strikes throughout the year-end holiday as workers step up pressure to adjust salaries in the face of spiralling inflation. Two Air France cabin crew unions issued a strike notice from December 22 to January 2, according to statements posted on their websites. Air France said it questions the logic of the strike notice, ...

  Bloomberg Six airlines paid back more than $600 million in refunds to passengers because of major delays or cancelled flights, the US Transportation Department announced as air travel has seen more disruption amid the coronavirus pandemic. The department, which said its enforcement actions on refunds led to hundreds of thousands of flyers getting money back, is also issuing more ...

Bloomberg Nasa launched its most powerful rocket in 50 years early Wednesday, sending an uncrewed capsule skyward on a 25-day mission to orbit the moon and return safely to Earth. The agency’s Space Launch System rocket, with an Orion capsule perched atop it, cleared its Kennedy Space Center launchpad on the Florida coast just after takeoff at 1:48 am local ...

  Bloomberg Primark’s website crashed after the budget fashion retailer offered British shoppers a click and collect service, the first time that customers could buy from the company online. The website was blank with a message saying “some people had issues accessing” the site and the firm was working hard to ensure shoppers could browse easily. The click and collect ...