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Italian bank to shed 8,000 jobs

Italian bank UniCredit said Tuesday it would eliminate 8,000 jobs in Western Europe and close 500 branches by 2023 to cut costs by a billion euros. The mesures, which were outlined in UniCredit’s 2020-2023 Strategic Plan, represent 12 percent of full time equivalent (FTE) positions and 17 percent of its branches in Western Europe, the […] The post Italian bank to shed 8,000 jobs appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneDec 3rd, 2019

Stock market advances 0.8% Security Bank, GT Capital rise

The stock market rose Monday after a blockbuster US jobs report fanned optimism about the economic recovery from the coronavirus crisis......»»

Category: financeSource:  thestandardRelated NewsJun 8th, 2020

PH, ADB sign $623.3m worth of loan packages

The Philippines and the Asian Development Bank on Friday signed three loan agreements worth a combined $623.3 million for programs that aim to enhance the Duterte administration’s capability to implement its “Build, Build, Build” projects, gear up the country’s young workforce for quality jobs, and promote free and fair competition in business......»»

Category: financeSource:  thestandardRelated NewsDec 13th, 2019

Never give up, ECB s Draghi says on monetary policy legacy

FRANKFURT AM MAIN, Germany – Outgoing ECB chief Mario Draghi, credited with saving the euro at the height of the eurozone debt crisis, on Thursday, October 24, summed up his legacy as "never give up." The Italian economist said he was "proud" that the European Central Bank had ........»»

Category: newsSource:  rapplerRelated NewsOct 24th, 2019

Deutsche Bank to slash 18,000 jobs by 2022

FRANKFURT AM MAIN, Germany – Germany's biggest lender Deutsche Bank said Sunday, July 7, it would cut 18,000 jobs by 2022, as the former leading light of the country's financial sector looks to escape years of turmoil . The slashing of around 1 in 5 of its workforce, to 74,000 ........»»

Category: newsSource:  rapplerRelated NewsJul 7th, 2019

European Parliament chooses new president, completing top EU jobs

STRASBOURG, France (UPDATED) – The European Parliament on Wednesday, July 3, elected an Italian social democrat as its new president, filling the  final top EU job a day after Brussels named two women to key posts for the first time. Italy's David Sassoli, a 63-year-old former journalist, won the absolute majority of ballots ........»»

Category: newsSource:  rapplerRelated NewsJul 3rd, 2019

Leonardo s PSG return could be welcome news for coach Tuchel

By Jerome Pugmire, Associated Press PARIS (AP) — Leonardo's return as Paris Saint-Germain's sporting director could be welcome news for coach Thomas Tuchel after a difficult first season. PSG announced Leonardo's appointment on Friday as a direct replacement for Antero Henrique, who leaves after two years despite helping secure two marquee signings in forwards Neymar and Kylian Mbappe. Tuchel's working relationship with Henrique had become increasingly strained because of the need to strengthen an injury-hit squad and an awkward situation concerning homegrown midfielder Adrien Rabiot. Henrique said in a December interview that Rabiot would remain out of the side after refusing to sign a new deal, despite months of negotiations. He did not play again and is now out of contract, meaning PSG will get nothing for him as he reportedly negotiates terms for a move to Italian champion Juventus. But Tuchel is a fan of Rabiot's style of play and wanted him available, especially with injuries in midfield during a fraught Champions League campaign. The club's disciplinary stance remained firm. At the time, Henrique appeared to have the backing of club president Nasser Al-Khelaifi, with the signings of Neymar and Mbappe doubtless contributing to his standing. An exasperated Tuchel also lamented a lack of signings in the winter transfer window and had to wait until January 29 — right at the end — before the club bought Argentina midfielder Leandro Paredes from Zenit St. Petersburg. But Tuchel was reportedly not overly keen on signing Paredes, who made little impression. If their relationship was indeed a power struggle, it now seems like a victory for Tuchel over Henrique. Tuchel recently signed a one-year extension to his initial two-year deal. Leonardo's return offers the possibility of a more harmonious working relationship, one which the club hopes will end years of frustration in the Champions League. PSG has never been beyond the quarterfinals since Qatari backers QSI started bank-rolling the club with huge investment eight years ago. In the past three seasons PSG has gone out in the Round of 16 — twice blowing strong first-leg leads — and last season Tuchel's side failed to retain its domestic cups. FAMILIAR FACE While Henrique was unfamiliar with the club when he took the job, that's certainly not the case for Leonardo. He played for PSG in 1996-97 and was hugely popular. As an attack-minded defender or midfielder, he helped PSG reach the European Cup Winners' Cup final in '97. He won the World Cup with Brazil in 1994 and the Copa America in '97. He had spells as coach of AC Milan and Inter Milan, where he was also sporting director. Leonardo became PSG's sporting director for the first time in July 2011 and helped persuade Carlo Ancelotti to become coach in December 2011. It was a considerable coup considering Ancelotti's long-standing reputation in the game. "I'm extremely enthusiastic at the idea of coming back," the 49-year-old Leonardo said. "I've experienced some big emotions here." BITTER END Leonardo held his role until May 2013, when he was suspended for nine months by the French league for barging into a referee just outside the tunnel. Television images appeared to show Leonardo deliberately shoulder-barging Alexandre Castro after a home draw. Leonardo had been heavily critical of French referees that season, in particular launching one angry rant live on television after a draw at defending champion Montpellier. Following Leonardo's suspension, Ancelotti left to take charge of Real Madrid despite having one year left on his PSG contract. FUTURE DAYS Leonardo must quickly establish a strong and trusting relationship with Tuchel. The club is expected to be busy in the transfer market this summer, whilst fending off reported interest from Real Madrid for the prolific France forward Mbappe. PSG must also raise funds, and Leonardo's return coincided with the sale of 19-year-old forward Moussa Diaby to Bayer Leverkusen for a reported 15 million euros ($16.8 million). Fans want success but they also want to see local talents shine, and Diaby was one of the best players to have come through PSG's youth academy in recent years. If Leonardo persuades Rabiot to change his mind and sign a new deal, it would certainly please Tuchel......»»

Category: sportsSource:  abscbnRelated NewsJun 16th, 2019

Neri-Chaves Clan: A Tale of Southern Nobility

CAGAYAN DE ORO CITY, the crown jewel of Mindanao, is the country’s newest boom town, experiencing an accelerated level of modernization and real estate investments. Infrastructures such as hotels, malls and condominium towers are vigorously constructed one after the other to accommodate the influx of new residents and visitors to the city. Proof that, Cagayan de Oro as it is fondly called, had long since shed its small-town roots, to become the mega melting pot of pioneering entrepreneurs and upwardly mobile young professionals that it is today. Apart from the perks and comforts of living in a highly urbanized city, people who call Cagayan de Oro home also bask in its rich and colorful history that dates back to pre-colonial times. One clan in particular has been a prominent figure in the city’s enduring saga and cultural evolution. The Neri-Chaves family are descendants of a strong-willed Rajah whose resoluteness drove him to seek out dominions beyond his stronghold’s fertile terrains in Lanao province. The Malay prince, whose name was Samporna, or Sanskrit for ‘perfect’, decided to invade Cagayan or Kalambagohan as it was then known. Excerpts from the writings of the Neri-Chaves family historian, Filomeno M. Bautista, recounted how a potential bloody struggle was averted, when the then chief of Kalambagohan, Datu Bagani, sent his beautiful daughter guarded by his bravest warriors to meet Rajah Samporna. She was to initiate the conditional surrender, so that their people would not be enslaved by the invaders. It was told that the Rajah, captivated by Datu Bagani’s daughter, ended up marrying her. The prince also built a fortress around their village in Kalambagohan to protect them from other conquistadores. Rajah Samporna later succeeded the Datu as ruler of Cagayan. He also converted from Islam to Christianity to solidify his devotion to his wife’s religion, and in 1779 was baptized by a Spanish priest with a peculiarly Italian name, Neri. It ushered an era of peace in Mindanao, when Muslims lived harmoniously with Christians. The Neris intermarrying with the Chaveses of Cagayan was perhaps providential as it produced one of the most enduring clans in the country. Today, the Neri-Chaves clan is many thousand strong. Well-known lawyer and congressman Rufus Bautista Rodriguez attributes the successes enjoyed by many family members throughout many generations to the tireless pursuit of life’s true purpose. “We are hardworking people. We are also fortunate to have had many individuals in the family who continue to inspire us, like Vice President Emmanuel Neri Pelaez and Ambassador Felino Neri”, Rodriguez said, adding in jest, “At mga gwapo, gwapa pa!” Most if not all of Cagayan de Oro’s earliest leaders, from Governors to Mayors, were members of the Neri-Chaves family. Some became pioneers in other fields like business, education and the arts, from Chief Justice Marcelo Fernan to musicologist and concert pianist Vilma May Chaves Cataylo. The clan has had three grand reunions, first in 1985, then in 1993, and the most recent one took place in August 2016 where hundreds of family members came together from all over the world to rekindle family ties. Jessica Dingcong, who spearheaded the recent reunion held at the Chaves family-owned Chali Beach and Mallberry Suites in Cagayan de Oro City, wants to inspire the next generation to carry on the legacy of benevolence and integrity of their forebears. “We should be proud that we are very family oriented,’ Dingcong said. In attendance at the grand reunion were the Neri-Cheves clan’s many young professionals and millennials. Sixth generation Neri-Chaves and journalist Alessandra Marie Chaves Jalandoni, who carries her nickname Apples professionally, admits feeling the pressure of belonging to a family of achievers. “We have some pretty big shoes to fill, so we soldier on, and never give up,,” Jalandoni said, adding that, “We have always been taught to do the right thing, and not just what looks good on paper.” Jalandoni’s maternal grandfather Engineer Camilo Vamenta Chaves was a World War II veteran and subsequently Dean at the family-owned Liceo de Cagayan University. Her mother Alma Marie Chaves Jalandoni is a pioneer in garments manufacturing and export in the Philippines. Current Social Security Services Commissioner Pompee La Viña will head the next Neri-Chaves grand reunion in 2018. La Viña is the son of Lourdes Chaves Maestrado La Viña who was the first woman elected to the City Council in Cagayan de Oro. His younger brother is former Ateneo School of Government dean and climate change lead negotiator Tony La Viña. Commissioner La Viña hopes to welcome many more family members to their tight-knit Mindanaon clan. “It roots us in Mindanao, the blood of Mindanao is running through us,” he said. La Viña also ponders on how leadership is ingrained in the members of the clan. After all they are descendants of a warrior prince. But the word is also taking on a new meaning as the Neris and Chaveses usher Mindanao to its most vibrant era. “We will always be leaders, we are simply inclined to lead,” La Viña maintained, “but to lead as serving the people rather than ruling them.” (By J. C. Bautista) &'160; 121&'160;total views, 121&'160;views today.....»»

Category: newsSource:  mindanaoexaminerRelated NewsJan 9th, 2017

Dutch bank ING cutting 7,000 jobs in digital transformation

THE HAGUE: Dutch bank ING, the country’s biggest lender, Monday announced 7,000 jobs could be lost mainly in Belgium and The Netherlands to save 900 million euros ($1.01 billion) by 2021. The move is partly directed by the bank’s bid to resh.....»»

Category: newsSource:  manilatimes_netRelated NewsOct 3rd, 2016

Opening up the economy: We must proceed with caution

Secretary Sonny Dominguez is strongly recommending that we must make a firm decision in opening up the economy sooner than soon to prevent an economic collapse and save jobs......»»

Category: newsSource:  philstarRelated News10 hr. 58 min. ago

UCPB names seasoned banker as new president

United Coconut Planters Bank announced the appointment of seasoned banker Liduvino Geron as officer-in-charge effective July 2, 2020......»»

Category: financeSource:  thestandardRelated News19 hr. 57 min. ago

Banko advises entrepreneurs on how to survive the pandemic

BanKo, the microfinance arm of Bank of the Philippine Islands, takes a pro-active role in guiding its clients, particularly the self-employed micro-entrepreneurs, in navigating the business environment under the so-called “new normal”......»»

Category: financeSource:  thestandardRelated News19 hr. 57 min. ago

Bucks, Lakers look to shed rust, be healthy for playoffs

Bucks, Lakers look to shed rust, be healthy for playoffs.....»»

Category: sportsSource:  abscbnRelated NewsJul 4th, 2020

Peso hits 3-year high

The peso continued to strengthen against the dollar, gaining 18 centavos yesterday to close at its strongest level in more than three years after the stronger-than-expected US jobs data and positive developments on a potential vaccine against the coronavirus......»»

Category: financeSource:  philstarRelated NewsJul 4th, 2020

Tokyo stocks open higher on US jobs data, virus hopes

Tokyo, Japan | Tokyo stocks opened higher on Friday, extending rallies on Wall Street as investors cheered a solid rebound in US employment and encouraging news about progress towards a coronavirus vaccine......»»

Category: financeSource:  thestandardRelated NewsJul 3rd, 2020

Wage cuts to preserve jobs mulled; seafarers special lane launched

Acting Socioeconomic Planning Secretary Karl Chua on Thursday said negotiating temporary wage reduction was needed to preserve more jobs amid the pandemic downturn......»»

Category: newsSource:  thestandardRelated NewsJul 3rd, 2020

Converge ICT eyes P35-B IPO

The company had tapped the Bank of the Philippine Islands, BDO Unibank Inc., Morgan Stanley and UBS Group AG to underwrite the massive float. The post Converge ICT eyes P35-B IPO appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJul 2nd, 2020

US gains 4.8M jobs in June 

WASHINGTON, United States — US President Donald Trump hailed data released Thursday showing huge employment gains in June, but he continued to downplay surging COVID-19 cases that could reverse the tentative recovery. His cheering drew a sharp rebuke from former vice president Joe Biden, who is challenging Trump in the November election and said there is […] The post US gains 4.8M jobs in June  appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJul 2nd, 2020

8 Canada banks join Facebook boycott

Eight major Canadian banks said Thursday they would heed a call by other major global advertisers to boycott Facebook, demanding the social network do more to tackle racist and other hate speech. Scotiabank, RBC, CIBC, TD, BMO, National Bank of Canada, Desjardins and Laurentian Bank confirmed to AFP that they support the #StopHateForProfit movement launched […] The post 8 Canada banks join Facebook boycott appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJul 2nd, 2020

BSP assures bank stability amid Wirecard mess

Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Thursday assured the safety and soundness of the banking system amid uncertainties brought about by the health crisis and the Wirecard controversy......»»

Category: financeSource:  thestandardRelated NewsJul 2nd, 2020

Security Bank shortens offering for peso bonds

Security Bank Corp. has shorted the offer period for its two-year fixed-rate peso bonds as orders already exceeded the original volume of P3 billion due to strong demand from investors......»»

Category: financeSource:  philstarRelated NewsJul 1st, 2020