Morgan Stanley is considering a 7 per cent cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The bank is likely to start communicating with affected bankers as soon as this week, with more than 40 jobs at risk, including those with the capital markets unit, Bloomberg News said.
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Asia stocks steady despite China data miss, helped by weaker dollar outlookHONG KONG : Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support.Expectations that the dollar will soften also cushioned emerging markets, although investors were wary of crucial U.
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