Swiss watch exports jumped in March as orders from Hong Kong surged after the Chinese territory reopened from harsh Covid restrictions, bolstering strong global demand for luxury timepieces.
UK government borrowing came in £13.2 billion ($16.5 billion) below official forecasts last fiscal year, leaving Chancellor of the Exchequer Jeremy Hunt modest room for giveaways ahead of the next general election.
The Swiss franc is proving to be the mightiest currency haven in a volatile year for global markets, reaching a four-decade high against its traditional rival the yen this week.
Adler Group SA’s assets plunged last year as the company raced to sell properties to help cut debt just as rising interest rates started to crimp valuations.
UBS Group AG Chief Executive Officer Sergio Ermotti said the lender’s share buyback plans are temporarily suspended and not canceled as it grapples with the huge integration of Credit Suisse Group AG.
Dalian Wanda Group Co.’s chairman acknowledged some difficulties at the Chinese conglomerate during an internal meeting last week, people familiar with the matter said, after some of its dollar bonds plunged to record lows.
Swedish car-battery maker Northvolt is expanding into aviation, as it targets the nascent field of decarbonizing commercial flight.
Britain’s energy suppliers are facing a bleak year as hard-up customers struggling to pay bills leave them with mounting bad debt.
Japanese game developer Koei Tecmo Holdings Co. has written off 4.1 billion yen ($30 million) of Credit Suisse Group AG’s riskiest bonds after they became worthless following the bank’s near-collapse.
More than 1,800 companies engaged in developing and selling properties in Vietnam have suspended operations in the first quarter in signs of a lingering strain in the sector beset by funding woes.
