Straits Times Index
3,300.04 -3.15 (-0.10%) S&P 500
5,185.26 +4.52 (+0.09%) Dow
38,921.89 +69.62 (+0.18%) Nasdaq
16,333.18 -16.07 (-0.10%) Bitcoin USD
63,224.46 -680.56 (-1.06%) CMC Crypto 200
1,317.38 -47.75 (-3.50%)
HANG SENG INDEX (^HSI)
| Previous close | 18,578.30 |
| Open | 18,577.55 |
| Volume |
| Day's range | 18,411.02 - 18,638.81 |
| 52-week range | 14,794.16 - 20,361.03 |
| Avg. volume | 2,744,689,271 |
- Reuters
WRAPUP 1-CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost controls, six sources with knowledge of the matter said. Beijing-based China International Capital Corp (CICC) is planning to reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter told Reuters.
Barrons.comAsian Markets Mixed, European Stocks Gain
Asian stock markets diverged on Tuesday, while European equities rose as investors continue to assess the chances for global interest-rate cuts. South Korea’s KOSPI Composite Index led the region’s gainers, rising 2.
ReutersCICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
HONG KONG (Reuters) -Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost controls, six sources with knowledge of the matter said. Beijing-based China International Capital Corp (CICC) is planning to reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter told Reuters. Peer CITIC Securities is cutting around a dozen investment banking jobs in Hong Kong, according to two other sources.
