JPMorgan Chase & Co (JPM.N) plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said,…
Category: Buisness
Shrink to fit: the year Big Oil starts to become Small Oil
Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil. Surging oil and gas prices in 2021 delivered billions of dollars in…
New Oriental laid off 60,000 staff after China’s education crackdown, founder says
China's New Oriental dismissed 60,000 employees and saw operating income plunge by 80% after Beijing enforced new sweeping rules on the country's private education industry that barred for-profit tutoring last…
Ousted James Hardie CEO rejects claims over conduct, considers legal action
The former chief executive of James Hardie Industries (JHX.AX) said on Monday he was considering legal action against the Australian building materials giant, which fired him last week citing concerns…
Chinese developer Shimao puts all property projects on sale
Shimao Group Holdings has put on sale all of its real estate projects, including both residential and commercial properties, as the cash-strapped Chinese property developer accelerates asset disposals, Caixin reported.…
Major UK companies plan 2022 investment surge
Major British companies plan a surge in investment in 2022 to meet strong demand and respond to climate change against a backdrop of growing labour shortages, according to a survey…
GM recognizes California’s authority to set vehicle emissions rules
General Motors Co (GM.N) on Sunday said it had agreed to recognize California’s authority to set vehicle emission standards under the Clean Air Act. The move will make the Detroit…