Swiss Franc Set to Shine If Slowdown Spurs Global Rate Cuts
Switzerland’s currency is poised to attract a fresh set of buyers as major central banks elsewhere shift their focus toward stimulating growth and away from their battles against inflation.
Switzerland’s currency is poised to attract a fresh set of buyers as major central banks elsewhere shift their focus toward stimulating growth and away from their battles against inflation.
The US Securities and Exchange Commission’s lawsuit against crypto exchange Binance and its head Changpeng Zhao injects fresh uncertainty into a sector that’s struggling to maintain mainstream relevance.
Japan Airlines Co. is planning to return to the transition bond market, seeking cheaper funds as one of the few carriers issuing the debt in a market dominated by utilities.
Australia’s central bank unexpectedly raised its key interest rate and kept the door open to further hikes, fretting that policy needs to be tighter in order to be confident that inflation will return to target in mid-2025.
Qantas Airways Ltd. Chief Executive Officer Alan Joyce sold A$16.9 million ($11.3 million) of shares in the airline, offloading the bulk of his holdings as he prepares to retire after 15 years at the helm.
Australia’s second largest pension fund has joined the boycott of PricewaterhouseCoopers as the fallout of the embattled accounting firm’s tax evasion scandal spreads.
German factory orders unexpectedly fell in April, further dimming prospects for Europe’s largest economy after it endured the first recession since the pandemic over the winter.
Emirates Airline is close to a substantial aircraft order of as many as 100 to 150 jets as it prepares to replace its fleet of Airbus SE A380 double-decker planes due to come offline early next decade, President Tim Clark said.
Qatar is offering shorter and cheaper liquefied natural gas contracts as it attempts to secure customers for supply from expansion projects amid rising competition with the US.
Citic Securities Co., one of China’s top investment banks, is slashing basic salaries by up to 15% for some bankers to comply with President Xi Jinping’s “common prosperity” campaign, according to people familiar with the matter.