September 2023 – Page 3 – UAG Trade Asia

Credit Suisse Sheds nearly 13 of Workforce

September 29, 2023
Business
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ZURICH, Sept 29 Reuters Credit Suisse has shed nearly 13 of its workforce in the past 12 months, underlining the turmoil at the bank that was taken over by crosstown rival UBS in a stateengineered rescue earlier this year. The number of Credit Suisse employees fell to 33,968 at the end of June, from 38,908 at […]

September 29, 2023
Business
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Sept 29 Reuters Hong Kong39;s Cathay Pacific Airways said on Friday it had purchased 32 Airbus A321200neo aircraft from Airbus for a basic price of 4.66 billion. The deal follows an agreement between an Airbus unit and the aircraft acquisition facilitators of Hong Kong39;s flagship carrier in September 2017. Cathay expects the aircraft to be delivered by […]

September 29, 2023
Business
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Sept 29 Reuters Aston Martin on Friday said Chairman Lawrence Stroll39;s Yew Tree Consortium had further increased its stake in the British luxury carmaker by 3.27 to 26.23. Yew Tree, which bought an additional 26 million ordinary shares of the company, was already its largest stakeholder, followed by Saudi Arabia39;s Public Investment Fund PIF and Chinese […]

September 29, 2023
Business
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Reuters U.S. oil producers Exxon Mobil and Hess Corp have withdrawn from exploring the Kaieteur block in Guyanas deepwaters, Exxon said on Thursday, after disappointing exploration results. The exit comes as the producers focus on their larger and highly productive Stabroek block, where more than 11 billion barrels of oil and gas have been discovered so far. […]

September 29, 2023
Politics
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SINGAPORE, Sept 29 Reuters China39;s international trade council has formally asked the United States to carefully consider rules that ban or restrict U.S. investments in China39;s tech sector, state television reported on Friday. U.S. President Joe Biden signed the executive order last month which prohibits or restricts investments in Chinese entities involved in semiconductors and microelectronics, quantum […]

September 29, 2023
Finance
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Sept 29 Reuters Fiscal concerns and worries over a prolonged period of elevated interest rates sent government bonds tumbling in the third quarter, and some investors believe more weakness is in store. U.S. and German government bond yields were set to end September with their biggest quarterly rises in a year, disappointing fund managers who […]

September 29, 2023
Finance
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TOKYO, Sept 29 Reuters The dollar pulled further back from a 10month high against a basket of currencies on Friday on the last trading day of the quarter, giving the yen some breathing room amid intervention concerns. The euro continued its rebound, rising further from a January low of 1.0482, which if broken would be […]

September 29, 2023
Finance
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BENGALURU, Sept 29 Reuters Indian shares edged up on Friday, led by advances in banks and metal companies, while a fall in the information technology stocks after bellwether Accenture forecast downbeat year limited gains. The NSE Nifty 50 index and the SP BSE Sensex added 0.3 each to 19,591 and 65,680 points, respectively as of 1049 a.m. […]

September 29, 2023
Finance
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TOKYO, Sept 29 Reuters The yen39;s slide to the cusp of 150 per dollar has put investors on high alert for the risk of intervention. But, Japanese authorities could find propping up their currency both difficult to achieve and hard to justify. At its core, the yen39;s 3 slide in September to its weakest in […]

September 29, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 28 Sep 2023 The U.S. Economy is growing at a stable and good pace as reports show for the second quarter, and activity appears to have accelerated. However, it is currently threatened by a looming government shutdown and an ongoing strike by auto workers. The markets are facing a sticky inflation […]

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Capital Management

Credit Suisse Sheds nearly 13 of Workforce

Cathay Pacific Buys 32 Airbus A321200neo Aircraft for 4.66B

Aston Martin Chair Strolls Yew Tree Ups Stake in Carmaker

Exxon, Hess Exit Kaieteur Offshore Oil Exploration Block in Guyana

China Trade Council Asks U.S. to Carefully Consider Tech Investment Ban

Global Bond Investors Fear more Declines after Vicious Quarterly Selloff

USD Slips from 10mth High, Helps JPY but Intervention Watch Continues

Indian Shares Rise as Banks, Metals Gain; IT Falls on Demand Woes

Yen Intervention Hard Sell Even, 150dlr Red Line Beckons

U.S. GDP q2 Stable Growth 2.1, U.S. Jobless Claims Remain Low, U.S. Benchmark Indices Reverse, Crude Oil Retreats from 94 USDb

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