Nomura Plans Over $1 Billion in Expense Cuts

Nomura Holdings Inc., Japan’s largest brokerage, plans to cut an additional $1 billion of costs, mainly by eliminating jobs abroad, two people with knowledge of the matter said.

El-Erian Sees Risk of Politics Contaminating Economics
38:30 - Mohamed El-Erian, chief economic adviser at Allianz SE and Bloomberg View columnist, talks about the risk of politics contaminating economics as he sees the new normal coming to an end. He speaks on "Bloomberg Daybreak: Americas." (El-Erian is a Bloomberg View columnist. The opinions expressed are his own.) (Source: Bloomberg)
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