UPS Financial News
26.03 / 12:35
UPS
IPO
Schools
stake
Alibaba dumps logistics arm IPO; to buy rest of Cainiao stake for up to $3.8 billion
Alibaba Group said on Tuesday its logistics unit, Cainiao Smart Logistics Network, has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange. Alibaba, which holds around 64% stake in Cainiao, said it is offering to acquire the remaining stock for up to $3.75 billion.
26.03 / 12:35
UPS
WhatsApp
Battlefield
country
strain
France might requisition arms producers to speed up production to help Ukraine
Sebastien Lecornu said on Tuesday he was prepared to use his powers to requisition industrial capacities or impose priorities to weapon makers to speed up production of arms and shells needed on the battlefield in Ukraine and elsewhere. «These questions… are clearly on the table», Lecornu told a news conference, adding stocks and production lines were particularly strained with regard to anti-air missiles and artillery shells. Lecornu said he could requisition stocks or tell companies to give priority to certain orders, citing Aster missiles produced by MBDA as a potential case for such a move.
26.03 / 12:35
markets
COST
UPS
Target
Mobile
performer
stage
Ather eyes larger pan-India presence with new family scooter
As Ather Energy gears up to launch its family scooter shortly, Ravneet Phokela believes that the stage is set for the next phase of rapid growth and expansion to new regions across India. “With this new offering, Rizta, we will have the relevant customer base in place. We are very well distributed across the South and this electric scooter will help us grow in the North and West too,” Phokela, Chief Business Officer of Ather, told ETAuto.
26.03 / 12:35
UPS
Digital
Waters
Software
Parke
IBM
Universities
Water Crisis: Kerala writes to top IT firms in Bengaluru, offers office space
“After we read reports of the water crisis in Bengaluru, we wrote to the IT companies offering them all facilities as well as plenty of water. We have 44 rivers, big and small, in our state, so water is not an issue at all,” Kerala Industries & Law Minister P Rajeeve told ET on Tuesday.
26.03 / 12:35
UPS
Entertainment
trends
cover
Inside
classical
Features
Stylish Bar Chairs: Elevate Your Outdoor Space
From sturdy materials built to withstand the elements to ergonomic designs for optimal comfort, we've handpicked a selection of chairs that combine style and functionality. Join us as we explore a variety of options to suit every taste and budget, helping you create the perfect outdoor oasis for relaxation and entertainment.
26.03 / 12:21
markets
UPS
Provident
Career
Charity
love
Franck Dargent, the French banker who sent allegedly indecent messages, lost everything
Ten years ago, Franck Dargent, was flying high. After a 23-year banking career which began in Paris after he graduated from HEC, he was made head of global markets Asia Pacific for Crédit Agricole CIB, based in Hong Kong, where he managed nearly 300 employees.
26.03 / 12:21
UPS
Citi
security
BAY
Research
pandemic
Citadel's Miami move: Ken Griffin explained the other reason it began
Hedge fund Citadel is going all out on Miami. Having relocated some Citadel Securities staff to the Four Seasons Palm Beach during the pandemic, it's since poached the executive chef of the hotel to be its «global head of culinary» and has commissioned architects Foster + Partners to build a new«iconic tower» office space on a 2.5 acre waterfront plot at Brickell Bay as it moves its head office to Miami from Chicago.
26.03 / 12:21
COST
UPS
Citi
Gap
Trade
Hong Kong bankers: "The attraction of Singapore has died off"
Hong Kong has increased the income tax paid by anyone earning over $640k and above to 15%, but compared to Singapore, Hong Kong looks generous. In Singapore, income tax is 15% from $89k and 22% from $237k and above.
26.03 / 12:21
COST
UPS
wellness
pandemic
Inside
If you were hired into a banking job in 2021, you may be a little mediocre
As banks cast around for additional costs to cut in the absence of a big rebound in revenues, a particular kind of person is at the top of their chopping lists: the one who was hired at the height of the pandemic.
26.03 / 12:21
markets
UPS
wellness
Trade
show
International
Goldman Sachs protected London employees while 2023 revenues plummeted
2023 was a bad year for Goldman Sachs employees in London. But it could have been worse.
26.03 / 12:21
UPS
Citi
JPMorgan
Citigroup
Trade
show
reports
Morning Coffee: JPMorgan's top high yield trader made a huge loss at a hedge fund. Citigroup's other ranking of female graduates
As we noted last week, the signature move for traders in 2024 might not be to leave a bank for a hedge fund, but to go the other way. Ben Hutson did it at Barclays, and now maybe Bhavit Sawjani will be doing something similar at JPMorgan.
26.03 / 12:21
UPS
Citi
Career
CEO
Trade
reports
Morning Coffee: Goldman Sachs' ex-Partner's unofficial guide to surviving the grind of banking jobs. Sam Bankman-Fried's "life of delusion" laid bare
Junior bankers are tired again. As we reported this week, working hours are back to unsustainable levels at some banks as managing directors who are rightly paranoid about losing their own jobs enter a frenzy of ever more detailed pitching.
26.03 / 12:21
UPS
Goldman Sachs' popular, kind, French MD makes "hardest" decision to quit
Leaving Goldman Sachs doesn't seem easy. Stephanie Cohen's exit last week seems to have been the result of months of deliberation, during which senior Goldman people tried to beg her to stay. Nabil Aquedim, a managing director in Goldman's real estate, today suggested a degree of torment as he too wrangled with the urge to quit.
26.03 / 12:21
UPS
Citi
Man
Trade
love
Citi's equities professionals are complaining about two current employees
Citi is in the middle of a major restructuring that will ultimately see 20,000 of global employees disappear. Some of the people it seemingly intends to keep, though, are at the center of complaints about the culture in its equities sales and trading division.
26.03 / 12:21
UPS
Citi
Reuters
Citigroup
Trade
stage
reports
Morning Coffee: Citigroup is on a mission to cut a lot of jobs this week. Top Barclays trader leaves after bonus complaints
It's Easter week for Christians and Ramadan for Muslims and Holi for Hindus, but Citigroup has less ethereal things on its collective mind. Having promised to finish the first stage of its 20,000 job cuts in the first quarter of 2024, it seems to be under a bit of pressure to finish them off.
26.03 / 12:21
UPS
Citi
Patrick
wellness
Trade
2020
Deutsche Bank rates traders live in fear of their great leader leaving
Hopefully, Deutsche Bank paid Alok Modi well last year. Following the disappearance of various members of the European rates trading team, people at the German bank in London are gripped with apprehension that Modi might go too.
26.03 / 12:17
26.03 / 12:17
UPS
Provident
Progressive
Apple
Dreams
reports
recommendations
Income averaging is an old idea that deserves another shot
There are a lot of good things about getting older. One of them in my work life is that I recall the “good old days” with respect to certain taxation matters.
26.03 / 12:15
markets
UPS
Citi
Provident
Universities
testing
Updates
NTA extends registration deadline for CUET UG 2024 till March 31st, Here's all you need to know
National Testing Agency (NTA) has extended the registration deadline for the Common University Entrance Test for Undergraduate courses (CUET UG 2024). Candidates now have until March 31 (9:50 pm) to apply for the entrance exam, according to the revised schedule. The deadline for online submission of the application form for the CUET-UG – 2024 has been extended to 31 March 2024 (Up to 09:50 P.M.) based on the request received from candidates and other stakeholders. Please visit https://exams.nta.ac.in/CUET-UG/ for the latest updates, said UGC chairman Jagadesh Kumar in a post on X (fomerly Twitter).
26.03 / 12:15
markets
UPS
IPO
Mobile
Trade
reports
Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24
About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized by 37 companies in 2022-23, according to primedatabase.com.
26.03 / 12:15
UPS
Provident
CEO
testing
rights
cricket
Border-Gavaskar series schedule announced; Perth to host opening Test
Australia has released details of the schedule for their upcoming home summer, which includes the visit of India for the five-match Test series with Perth to host the opening Test. The five-match Test series against Rohit Sharma's side will commence in Perth on November 22, with further Tests to be held in Adelaide (day-night), Brisbane, Melbourne and Sydney right up until the start of the New Year. It will be the first time since the summer of 1991/92 that Australia and India have played a five-match series as part of the Border-Gavaskar Trophy, which will provide both teams with a good opportunity to further cement their place in next year's ICC World Test Championship final.
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