Sweden’s House Price Slide Set to Continue in Riksbank Forecast
Sweden’s housing market rout still has some way to go according to projections by the central bank, after a year of declines wiped out 15% of home values in the biggest Nordic economy.
Bloomberg Business
Money-Market Managers Rebrand Almost $1 Trillion of Funds as ESG
Money market funds targeting European clients have quietly been reclassifying their legal status to market themselves as promoters of ESG, with close to $1 trillion of highly liquid client assets now registered as such.
Nomura Profit Falls for Third Straight Year Under CEO Okuda
Nomura Holdings Inc.’s profit fell for the third straight year since Kentaro Okuda became its chief executive officer, as market turmoil adds to headwinds for his turnaround.
Owner of Eighth of the World’s White Rhinos Begins Distress Sale
An auction for a ranch where one in eight of the world’s remaining white rhinos live began on Wednesday with the owner of the project striving to keep the breeding herd intact.
EU Lands Jet-Fuel Deal to Start Decarbonizing Air Travel
The European Union reached a late-night deal to spur the use of more climate-friendly jet fuels in a bid to gradually start bringing the aviation sector in line with its green goals.
Moelis Hires Managing Directors in Doubling of Tech Team
Moelis & Co. is doubling the number of investment bankers on its technology team, according to a person familiar with the matter, as it continues to recruit from SVB Securities’s ranks.
StanChart CEO Blames Regulators Unprepared for Confidence Crisis
The boss of Standard Chartered Plc said regulators weren’t ready to respond to the March turmoil that hit the banking industry and caused the failure of Credit Suisse Group AG and various US lenders.
British Chip Firm With CIA Ties Sees Future in US or China
A British chip-making startup funded by the CIA’s venture capital firm says that if the UK government doesn’t come up with a supportive semiconductor strategy, it may shift its operations abroad.
Uniper Stems Losses From Buying Russian Gas as Prices Plummet
Germany’s Uniper SE says it expects to make a profit in the first three months of the year as falling gas prices have helped the company stem losses from replacing Russian supplies.
Biggest Treasury Buyers Turn to Swaps to Flee Price Swings
Japanese investors are turning to creative trades using interest-rate swaps to try and squeeze some yield from a volatile global bond market.
