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The Latest Breaking News from Nomura

Morning Brief: Top Financial Stories Dominating on Tuesday, May 3

Bloomberg

Benzinga

Amid SEC Suit, Former Nomura Trader Admits Lying to Clients

A former Nomura Holdings Inc (NYSE: NMR) senior trader admitted lying to clients about bond prices but said it was a common practice and never impacted clients’ investment decisions.

Benzinga

Factbox-China's zero-COVID policy in numbers

China is facing the biggest test yet of its draconian approach to COVID-19, with a lockdown for most people in Shanghai for more than a month crippling the commercial capital and Beijing scrambling to contain an outbreak and avert a similar crisis.

Reuters

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Wall Street Banks Slash Chinese Companies' Profit Forecasts - Read Why

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption. A week-long lockdown that shut down much of Shanghai…

Benzinga

Lockdowns affecting 373 million Chinese

About 373 million people in 45 cities across China have come under some form of lockdown due to a surge in coronavirus cases, according to estimates by a Nomura International analysts in Hong Kong.

Bangkok Post

Anti-virus shutdowns in China spread as infections rise

Anti-virus controls are shutting down some of China’s biggest cities and fueling public irritation as infections rise

The Independent UK

Nio Has Not Completely Halted Production As Widely Believed: Report

Nio Inc’s (NYSE: NIO) production lines are partially running over weekdays and completely halted only on weekends due to supply snarls, CnEVpost reported on Wednesday.&nbs

Benzinga

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‘Kingdom Hearts 4’ is real and it can hurt you

After we waited a decade for the conclusion to Sora's story, director Tetsuya Nomura has decided to start a new one with Kingdom Hearts 4.

Input

French elections: Hedging for Macron's exit

Suddenly confronted with the possibility of far-right candidate Marine Le Pen winning this month's French presidential elections against incumbent Emmanuel Macron, traders are scrambling to hedge portfolios against the risk of market turmoil.

Reuters

One Man's Loss Is Nissin Foods' Gain in Hong Kong Outbreak

Key takeaways： Nomura says Nissin Foods is profiting from recent panic buying in Hong Kong, adding it sees more than 30% potential upside to its stock The instant noodle maker is valued higher than its peers, suggesting the market thinks it is better positioned to succeed in the vast mainland…

Benzinga

Nomura Sees Bank Of Korea Increasing 2022 Inflation Forecast, May Prompt Hawkish Stance

On CNBC, Jeong Woo Park of Nomura said that South Korea’s economic growth is expected to be balanced, with the recent GDP data showing improvement from the previous quarters.

Benzinga

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