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MOSCOW (Reuters) - Wall Street bank JPMorgan Chase & Co is reducing equity market staff in Russia as business falls off in areas such as initial public offerings (IPOs) due to the Ukraine crisis, two financial sources said.
HONG KONG (Bloomberg): Asia Pacific stocks have finally risen more than 20% from their recent lows and are set to join global peers in a bull market.
MUMBAI: India stocks fell, in line with declines in most equity markets across Asia on New Year’s Eve.The S&P BSE Sensex fell 0.7% to 41,253.7 at the 3:30 p.m. close in Mumbai. The NSE Nifty 50 Index also slipped 0.7%.
HANOI (Bloomberg): Vietnamese stocks are some of the world’s most battered this year, but market watchers are backing a turnaround.
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's decision to step down on Friday because of worsening health will formally put an end to his "Abenomics" strategy, which tried to revive the world's third-largest economy after decades of stagnation.
TOKYO: The ousted British CEO of Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to the medical device maker, blaming cosy ties between its scandaltainted management and big Japanese shareholders and saying the saga had taken its toll on his family.
KUALA LUMPUR: The outcome of the general election will determine the focus on reform and the intention of the government to pare down debt, and this will have an important impact on the Malaysian economy, said Nomura International (HK) Ltd chief Asia equity strategist Michael Kurtz.
(Reuters) - Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives on Tuesday, giving them the opportunity to block Trump's agenda and open his administration to intense scrutiny.