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03-05-2022 kslmadmin
By Anirban Sen NEW YORK (Reuters) -Lazard Ltd CEO Ken Jacobs is expected to step down from his role and hand the reins to Peter Orszag, who currently runs the investment bank’s financial advisory unit, a person familiar with the matter said on Thursday. Jacobs’ decision to step down comes after Lazard reported a loss in the first quarter as dealmaking activity slumped. Lazard has warned of an uncertain outlook […]
By Anirban Sen NEW YORK (Reuters) -Lazard Ltd CEO Ken Jacobs is expected to step down from his role and hand the reins to Peter Orszag, who currently runs the investment bank’s financial advisory unit, a person familiar with the matter said on Thursday. Jacobs’ decision to step down comes after Lazard reported a loss in the first quarter as dealmaking activity slumped. Lazard has warned of an uncertain outlook […]
SEOUL (Reuters) – South Korea’s finance minister was due to hold a meeting with China’s ambassador to the country on Friday to discuss economic cooperation among other topics, Seoul’s finance ministry said. South Korea’s ambassador to Washington said early this month Seoul would soon pursue senior-level engagements with Beijing amid heightened diplomatic tensions between the two neighbouring economic powerhouses over geopolitical issues. In a short statement, it provided no details […]
By Elaine Lies TOKYO (Reuters) – More than a year after escaping her native Kyiv with a broken leg one winter night, Lidiya Bibko lives in a tidy two-bedroom Tokyo flat as one of 2,300 Ukrainians who fled to Japan after the Russian invasion. Japan’s embrace of evacuees like Bibko has been unusual for a country notorious for its aversion towards foreign entanglements and immigrants, but the war in Ukraine […]
SEOUL (Reuters) – South Korea’s finance minister was due to hold a meeting with China’s ambassador to the country on Friday to discuss economic cooperation among other topics, Seoul’s finance ministry said. South Korea’s ambassador to Washington said early this month Seoul would soon pursue senior-level engagements with Beijing amid heightened diplomatic tensions between the two neighbouring economic powerhouses over geopolitical issues. In a short statement, it provided no details […]
By Matt Spetalnick, Vivian Sequera and Mayela Armas WASHINGTON/CARACAS (Reuters) -The U.S. has assured the United Nations that it will shield a proposed UN-administered Venezuela humanitarian fund from creditors, people familiar with the matter said on Thursday, removing a key obstacle to getting the money flowing. After months of confusion over the issue, the Biden administration clarified that the fund, agreed to last year between Venezuelan President Nicolas Maduro’s government […]
By David Lawder WASHINGTON (Reuters) -The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.-Taiwan Initiative on 21st Century Trade is signed, negotiations will commence on other, more complicated trade areas including agriculture, digital trade, labor and environmental standards, […]
SAO PAULO (Reuters) – Brazil retailer Americanas SA said on Thursday it will next week start to seek potential bidders for the acquisition of its Hortifruti Natural da Terra (HNT) business unit. In a securities filing, Americanas said it has hired Citigroup Global Markets Brazil as the financial adviser for conducting the process to sell the unit, which markets fruits and vegetables. The company added that parties had approached it […]
(Reuters) – Australian financial services firm AMP Ltd said on Friday it had been charged with a A$24 million ($16.28 million) fine by the federal court for billing thousands of dead clients for insurance and financial advice. The penalty ordered by the court was under proceedings brought forward by the country’s corporate regulator, Australian Securities and Investments Commission (ASIC), in 2021 against AMP trustees – AMP Super and NM Super, […]
