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Financial roundup: December 9

A summary of what's happening in the business world today. -AsiaOne

Tue, Dec 09, 2008
AsiaOne

Nomura to axe HK, S'pore staff
TOKYO - NOMURA Holdings Inc, Japan's largest broker, will lay off more than 100 employees from its Asia-Pacific operations by the end of this month, the Nikkei business daily reported on Tuesday.

The cuts will mainly come from Asian operations outside Japan, such as Hong Kong and Singapore, as Nomura aims to lower costs following its acquisition of parts of failed US investment bank Lehman Brothers, the Nikkei said. ... more

Other stories

HK economy 'highly exposed'
One of the most open economies, HK faces meltdown. -AFP

Turmoil to go beyond 2011
World economy likely to feel the impact of the global financial turmoil for at least three years. -AFP

No blank check for auto industry
Path towards bankruptcy seems avoided but GM seems headed for a wrenching restructuring.

Merrill CEO 'seeking $15m bonus'
Merrill was not available for comment.

Sony to cut 8,000 jobs
Cuts comes to about 5 per cent of its global electronics workforce. -Reuters

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