Philips Rises 11% After First-Quarter Profit Beats Estimates
Royal Philips NV shares surged in Amsterdam trading after the Dutch maker of medical devices reported better-than-expected profit in the first quarter.
Bloomberg Business
Revolut’s Valuation Cut by Schroders as Fintech Funding Wanes
A shareholder in Revolut Ltd. has cut the value of its stake in the UK financial technology firm by 46%, the latest indicator of how investor caution is impacting the fintech sector.
UBS Risk Officer Bluhm to Stay in Role in U-Turn After Takeover
UBS Group AG’s Christian Bluhm is to remain in his role as the bank’s chief risk officer six months after he announced his departure, while his appointed successor Damian Vogel will now head risk control activities related to the integration of Credit Suisse Group AG.
Credit Suisse Outflows Show UBS’s Test: EMEA Earnings Week Ahead
Europe picks up where Wall Street left off this week as the region’s biggest banks roll out their first-quarter earnings.
China’s Covid Drugmakers Shares Jump Amid Concern Over New Virus Wave
Growing concerns that China may be facing a new Covid wave fueled a surge in shares of the nation’s drugmakers Monday as the public fretted over waning immunity.
China Province Steps Up Its Plead for State Aid on Debt Woes
One of China’s poorest and most indebted provinces is making a stronger push for state help to diffuse its financial risk, after local authorities recently sought to draw Beijing’s attention to the severity of its debt burden.
Riskiest Country Debt Left Out of Emerging-Market Renaissance
Even as the outlook brightens for emerging-market debt, bonds from a handful of the riskiest countries are being left behind. And there is little evidence that’s about to change.
Millennials in South Korea Love Whisky So Much They Drove Imports Up by a Record
Millennials and older Gen Z in South Korea can’t get enough whisky, sending imports of the grain alcohol surging.
China Bond Selloff Eased in March as Global Volatility Spiked
The selloff in Chinese bonds by overseas investors eased last month as foreign demand for yuan debt stabilized amid concern over threats to the global banking system.
Investors Favor Short Bonds on Prolonged India Rate Pause Bets
Bond fund managers in India are loading up on relatively shorter maturity bonds as they bet that the monetary authority will keep interest rates at current levels for long and any rate cut cycle will be shallow.
