UBS Group AG Chief Executive Officer Ralph Hamers has warned staff not to talk about business matters with counterparts at Credit Suisse Group AG, following the announcement of their government-brokered combination.
Financial authorities in Singapore and Hong Kong gave assurances Credit Suisse Group AG will remain open for business and its fallout won’t affect their markets after UBS Group AG agreed to buy the troubled Swiss bank in a historic government-brokered deal.
China’s biggest high-tech companies, which have weathered their own volatility in the last few years, may be positioned to be the ones offering some relief to investors as market confidence has been shaken by the financial sector’s health from UBS Group AG’s take over of Credit Suisse Group AG to the collapse of Silicon Valley Bank.
China’s diesel exports surged more than tenfold at the start of the year — and gasoline shipments also climbed — as domestic demand eased during the Lunar New Year holiday and refiners used their export quotas.
Credit Suisse Group AG told staff that promised bonuses and pay increases will still be paid as the bank seeks to keep “business as usual” after a tumultuous week that ended in a takeover by its fiercest Swiss rival.
Chinese banks kept their benchmark lending rates unchanged on Monday despite the central bank’s surprise easing action last week, with economists betting there could be scope for lower rates in coming months.
The world’s most advanced and delicately fine-tuned semiconductors wouldn’t be possible without the aid of giant steel storage tanks built by a little-known Tokyo company founded in 1927.
Following the relaxation of border controls after the pandemic, Singapore’s foreign workforce registered the strongest growth in at least 5 years, while falling just shy of pre-Covid numbers numbers in 2019.
Investors are betting that Sri Lanka will win final approval for about $2.9 billion bailout from the International Monetary Fund on Monday, a key step for the bankrupt nation to revive its economy from the worst crisis in decades.
Taiwan’s exports of integrated circuit chips to China and Hong Kong fell for a fourth month in February as Washington-Beijing tensions simmer and demand for electronics continues to drop off.
