Julius Baer Executive Board member Yves Robert-Charrue said that the shock write-down of Credit Suisse AT1 bonds as part of its takeover by UBS Group AG contributed to the reputational damage for Switzerland’s financial sector.
Countries on NATO’s eastern flank warned of new dangers linked to Russia as elements of the Wagner mercenary group prepare to arrive in Belarus.
Chinese regulators are stepping up scrutiny of currency trading and cross-border capital flows, according to people familiar with the matter, as the yuan slides to the weakest level in seven months.
Texas may be known for its oil and natural gas, but with temperatures breaching 100F (38C) across the state for a full two weeks, it’s been wind and solar power that helped keep residents cool.
Bank stocks advanced after the biggest lenders all passed the Federal Reserve’s annual stress test, clearing a key hurdle toward paying billions of dollars to stockholders.
Inflation re-accelerated in Germany and drastically slowed in Spain, evidence of uneven progress that’s keeping the European Central Bank focused on further monetary tightening.
Hundreds of millions of euros heading into Romania during a major share offering are set to add pressure in the coming weeks to the local currency market, where any sharp moves in the leu have been tightly controlled by the central bank.
Crispin Odey, on paper, is a multi millionaire — commanding a vast wealth built over decades that’s unlikely to unravel as fast as his tenure atop Odey Asset Management.
Zambia’s deal with a group of creditors led by China and France to restructure $6.3 billion in bilateral debt has cleared the way to an accord, possibly within weeks, over some $3 billion of eurobonds in default for almost three years.
US gross domestic product was revised up notably to a 2% annualized advance in the first quarter, data showed Thursday.
