National Australia Bank Ltd.’s first-half profit fell short of analyst estimates as a boost to margins from higher interest rates was offset by caution on the economic trajectory. The stock opened 6% lower.
Aditya Chopra isn’t looking for a new job, but recruiters keep calling him anyway. The 36-year-old data-science specialist works in artificial intelligence, perhaps the most coveted experience on the planet after OpenAI demonstrated the breakthroughs of ChatGPT. Chopra, who works outside of New Delhi, sees friends in the field get pay hikes of 35% to 50% each time they switch jobs. “There’s a real shortage of data and AI talent,” he said.
A jump in holiday spending may do little to give Chinese stocks a much-needed boost.
Equities in Asia face further headwinds and the yen may find fresh support as investors look beyond the Federal Reserve’s Wednesday interest-rate increase to what may be peak of its tightening cycle, according to strategists and fund managers.
A judge dismissed Donald Trump’s $100 million lawsuit against the New York Times and its reporters over an award-winning 2018 expose on his taxes.
Sovereign debt costs are expected to double over the next three years, putting governments increasingly at the mercy of bond investors, according to Janus Henderson Group Plc.
A string of new deals promote the Chinese currency as geopolitical risk spills into international finance
Credit Suisse Group AG’s global head of financial sponsors coverage Malcolm Price has resigned to join Wells Fargo & Co., becoming the latest senior departure from the Zurich-based lender, according to people with knowledge of the matter.
National Australia Bank Ltd.’s first-half profit fell short of analyst estimates as a boost to margins from higher interest rates was offset by caution on the economic trajectory.
Asian stocks are poised for a weak start Thursday on the back of declines in the US after Federal Reserve Chair Jerome Powell threw cold water on expectations of rate cuts anytime soon.
