BNP Paribas Plans to Cut 50 Roles Across Its UK Unit
BNP Paribas SA is planning to cut as many as 50 roles across its unit in the UK as Chief Executive Officer Jean-Laurent Bonnafe ramps up efforts to curb costs.
BNP Paribas SA is planning to cut as many as 50 roles across its unit in the UK as Chief Executive Officer Jean-Laurent Bonnafe ramps up efforts to curb costs.
The debt crisis at Thames Water is jeopardizing £100 billion ($125 billion) of potential investment required over the next five years to mend Britain’s crumbling utilities infrastructure.
Novaland Investment Group, among Vietnam’s largest real estate developers, is planning to sell shares and increase borrowings after securing bondholders’ approval to restructure $300 million of notes to address a liquidity crunch.
Major advanced economy central banks are likely to take back less than half of the interest-rate hikes they rammed through over the past two years — an outlook reshaped significantly by US outperformance.
A selloff in global bonds paused as traders waited for US inflation data to shed light on whether the Federal Reserve will be able to cut interest rates this year.
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