Business Digest, January 10, 2013
Morgan Stanley, the sixth-largest US bank by assets, plans to eliminate about 1,600 jobs from its investment bank and support staff in coming weeks, a person familiar with the matter said. About half the reductions will be in the US and the rest will affect international employees, the person said. All levels of employees will be affected.
Morgan Stanley, the sixth-largest US bank by assets, plans to eliminate about 1,600 jobs from its investment bank and support staff in coming weeks, a person familiar with the matter said. About half the reductions will be in the US and the rest will affect international employees, the person said. All levels of employees will be affected. Bloomberg
Hontex International signed a non-binding letter of intent to acquire garment manufacturing and trading businesses from an unnamed firm, as part of the troubled sport fabric maker's efforts to remain listed on the Hong Kong stock exchange. In November, Hontex received a letter from the exchange saying the listing division intended to recommend the firm be delisted. Toh Han Shih