Bloomberg Goldman Sachs Group Inc expects to put a tighter leash on hiring this year after embarking on one of the firm’s biggest rounds of job cuts ever, Chief Executive Officer David Solomon said. “We have a much tighter hiring plan in 2023,” Solomon said at a Credit Suisse Group AG conference. “We’re very focused on expenses.” Goldman last ...

  Bloomberg Japanese Prime Minister Fumio Kishida said it would be important for the Bank of Japan (BOJ) to make appropriate decisions on monetary policy as markets change rapidly, indicating his desire for flexibility under the new governorship. Kishida was responding to questions in a parliamentary committee about his nominee for BOJ governor, Kazuo Ueda, and the future of Japan’s ...

  Bloomberg Banks are setting up meetings with fixed-income investors over the next week on behalf of Adani Group, Adani Green Energy Ltd and Adani Transmission. The calls are scheduled for February 16 and February 21, according to a person familiar with the matter. Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, Emirates NBD Capital, ING Groep, ...

  Bloomberg India is leading a charge among Asia’s emerging-market central banks in rebuilding foreign-exchange stockpiles, which would help them defend their currencies if the dollar rebounds. India, South Korea, Taiwan, and Southeast Asian countries have recouped about $132 billion since November — more than half of what they lost last year — by soaking up dollar inflows, with a ...

  Bloomberg Individual stock investors in India are keeping faith in the country’s $3.1 trillion equity market even after a punishing selloff in Adani group shares threatened to drag down one of the world’s best-performing indexes since the pandemic. Hanoz Mistri is among the small investors in India who believe the carnage that has wiped off about $131 billion from ...

Bloomberg A gauge of Chinese stocks in Hong Kong slid to the verge of a correction, as a selloff spurred by the geopolitical tensions and doubts over the nation’s economic recovery extended. The Hang Seng China Enterprises Index fell 1.3% on Wednesday, taking its losses from a January 27 peak to more than 9%. A sharp three-month surge in the ...

  Sharjah / Gulf Time The Sharjah Institute for Heritage (SIH) announced that the 20th Sharjah Heritage Days (SHD) will take place from March 1-21 under the slogan “Heritage and Creativity”. The event will be held in 12 cities of the emirate of Sharjah, with the participation of 42 Arab and foreign countries and 40 government agencies. The announcement came ...

  DUBAI / WAM Dubai Future Foundation launched the Future Opportunities Report: The Global 50 at the World Government Summit 2023, unveiling 50 promising opportunities across various sectors and ten global megatrends. The report was created alongside 30 international experts and highlights opportunities to overcome global challenges such as scientific advancement, economic growth, government work and social development. Mohammad Abdullah ...

  DUBAI / WAM Gilbert F Houngbo, the Director General of the International Labour Organisation (ILO), has welcomed the efforts made by the UAE to reform social protection and services, and hailed the country’s plans to embrace the technology needed to make these reforms come true. He highlighted in this regard the recent unemployment insurance scheme launched by the UAE ...

  Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) has reported its financial results for the full year ended on December 31, 2022, announcing a net profit of AED377.9 million. The company reported gross written premiums increased by 20.1% to AED5.13 billion, compared to AED4.27 billion for the same period in 2021. Adnic’s net underwriting income was AED490.9 ...