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Beyond disappointing revelers, the cancellation of Brazil's annual Carnival celebrations amid a resurgence of COVID-19 also means that street vendors living on the margins will miss out on what for many is the biggest payday of the year. ....
2 Min Read SYDNEY, Feb 11 (Reuters) - Deutsche Bank said on Thursday it had hired Martin Nosek, Nomura Holdings Inc’s financial institutions advisory head in Australia, in his second innings with the German lender. Nosek, who had worked at Deutsche Bank from 2005 to 2019 in London and Australia, will be responsible for “driving the coverage of Financial Institutions in Australia”, the bank said in a statement. Representatives for Nomura, where according to Deutsche Nosek co-led the FIG group in Asia Pacific, did not immediately respond to a Reuters request for comment. In 2018, Deutsche Bank closed its equities business and trimmed its advisory division in Australia, as it tried to become less reliant on its investment bank in an effort to stabilise its business. [reut.rs/2MLWM5T] ....
3 Min Read BRUSSELS (Reuters) - Heineken NV plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. FILE PHOTO: Heineken beer bottles are seen at a bar in Monterrey, Mexico June 20, 2017. REUTERS/Daniel Becerril The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would save 2 billion euros ($2.4 billion) over the three years to 2023 under CEO Dolf van den Brink’s “EverGreen” plan. Savings will be achieved by redesigning its organisation, reducing the complexity and number of its products and identifying its least effective spending, Heineken said. ....
By Reuters Staff 3 Min Read SHANGHAI, Feb 10 (Reuters) - Kweichow Moutai Co shares hit record levels on Wednesday after the Chinese liquor maker scrapped plans to donate $127 million to fund public projects in response to investors’ objections. Moutai’s shares jumped nearly 6% to a record 2,601 yuan ($403.95) on Wednesday, cementing Moutai’s position as the biggest listed company in China, and the world’s top liquor brand by market cap. The rally was also fuelled by the company’s newly-released promotional video featuring a rap song entitled “Oh It’s Moutai”, which went viral on social media. Investors cheered after Moutai backed away from a plan to donate 820 million yuan ($127.32 million) to fund public projects including a highway and a city sewage system, which had been announced in October. ....