Nick Leeson, Former Rogue Trader, Reemerges as a Private Spy
Nick Leeson, the former derivatives trader who brought down Barings Bank, has joined a corporate intelligence firm run by ex-Black Cube operative Seth Freedman.
Bloomberg Business
Samoa Urges Caution Among Pacific Nations as US, China Seek Sway
Samoa’s prime minister cautioned Pacific counterparts against inviting foreign forces into their countries to help quell civil unrest at a time when the US and China are intensifying geopolitical competition in the region.
Deadly Marburg Virus Spreads to Tanzania for First Time
Tanzania reported its first outbreak of the deadly Marburg virus after eight people developed symptoms including fever, vomiting, bleeding and kidney failure.
Erdogan’s Week of Setbacks Worsens as Elections Approach
Turkish President Recep Tayyip Erdogan’s failure to convince former economy czar Mehmet Simsek to rejoin his administration represents a fresh setback as he strives to beef up support ahead of what could be a nail-biting election in May.
Credit Suisse Staff Face More Deferred Pay Pain on Swiss Ban
Credit Suisse Group AG was ordered by the Swiss government to freeze deferred bonuses, adding to the pain of bankers who had already seen the value of their awards decimated by the stock’s plunge.
IMF Deal Will Cut Sri Lanka Borrowing Costs: Central Banker
Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said.
EV-Maker Nio Surges; ‘Very Confident’ of Hitting Sales Goal
Nio Inc. is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong.
China Approves First mRNA Vaccine After Covid Wave Ebbs
China approved its first messenger RNA vaccine for Covid-19, clearing a shot from a local drugmaker that harnesses the powerful technology months after the world’s most-populous nation abandoned pandemic curbs.
ECB’s Nagel Says There’s Still Some Way to Go on Rates: FT
Bundesbank President Joachim Nagel said the European Central Bank isn’t done raising interest rates, according to an interview in the Financial Times.
It’s Bad Timing as Japan Hosts World’s First Bank IPO This Year
The listing of a Japanese online lender on March 29 will be an acid test of investor appetite for bank shares, just as turmoil in the global financial system sways markets.
