HSBC has taken a drastic approach to cost-cutting under its new chief executive, Georges Elhedery, by terminating investment bankers on the day they were scheduled to receive their bonus figures—without awarding them
Investors have poured a record $600 billion into global bond funds this year, betting on a shift towards easier monetary policy by major central banks, according to data from EPFR. This marks
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Moody’s Investors Service has downgraded the government of Maldives’ long-term local and foreign currency issuer ratings from Caa1 to Caa2, placing the ratings under review for a potential further downgrade, according to
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