Russia Says Gold Hoard Grew as West Imposed Sanctions
Russia’s central bank said its bullion holdings jumped by 1 million ounces over the past year as it bought gold in the face of Western sanctions.
Bloomberg Business
Hedge Fund Manager Odey Bets on UBS Following Credit Suisse Deal
Crispin Odey is betting that UBS Group AG’s shotgun marriage with Credit Suisse Group AG will pay off.
UBS Is Buying Credit Suisse’s Emissions Burden, Too
The Swiss lending giant had a better climate profile than its troubled rival. Now it has another problem to clean up.
UK’s Sunak Wins Vote on Key Part of Post-Brexit Deal With EU
Rishi Sunak’s government emphatically won a parliamentary vote on a key part of its new post-Brexit deal with the European Union, avoiding a significant backbench rebellion over trade with Northern Ireland but failing to resolve a long-running dispute over power-sharing in the region.
Commodity Traders Warn Mega Profits Probably Won’t Be Repeated
Top commodity traders have been reporting record profits for last year after cashing in on the fallout from Russia’s war in Ukraine and the global energy crisis. Now they’re starting to warn the blockbuster numbers probably won’t be repeated.
Lehman Veteran Buys Risky Bank Debt as Recession Looms
Pilar Gomez-Bravo had a front row seat at Lehman Brothers as it crashed and became the emblem of a financial crisis that swept through the world.
Canada’s Population Grows by Over 1 Million for First Time
Canada’s population grew 2.7% in 2022, the fastest expansion among advanced economies and on par with many African nations.
Argentina Bonds Slide After Nation Orders Public Sector Sale
Argentina’s overseas bonds are falling after the government said it would force state-run institutions to sell the securities to the private sector, a move that could save the government around $4 billion in debt payments.
ECB’s Wunsch Wants Time to Assess If Rates Need to Rise Further
The European Central Bank will probably need to keep raising interest rates if markets stabilize, but officials need time to assess the full impact of recent turmoil, according to Governing Council member Pierre Wunsch.
Africa E-Commerce Firm Jumia Seeks to Expand With French Tools
Jumia Technologies AG made a deal to sell French retailer Leroy Merlin’s products in West Africa, part of a plan to expand its reach and cut losses in half by the end of 2023.
