Switzerland’s Foreign Minister Ignazio Cassis signalled his country’s support for the idea of confiscating frozen Russian assets and using them for the reconstruction of Ukraine, putting him on a collision course with the country’s banks who hate the proposal.
UK retail sales fell unexpectedly last month, finishing the worst year on record as a brutal cost-of-living squeeze pointed toward more pain ahead for the economy.
Nigeria’s secret police are investigating central bank Governor Godwin Emefiele for alleged financial crimes related to the nation’s multibillion-dollar public lending programs, according to a court affidavit. The banker’s defenders say politicians opposed to recent currency reforms are behind the probe.
(Bloomberg) — Global wage pressure and a greater willingness by companies to charge consumers more means that getting inflation back to 2% won’t be easy, said Swiss National Bank President Thomas Jordan.
Holcim Ltd. Chief Executive Officer Jan Jenisch said he’s looking to continue an acquisition drive at the Swiss building material maker as he pivots away from traditional cement.
China’s equity benchmark ended little shy of a bull market heading into a weeklong break, as foreign investors continued to buy local shares on the back of the nation’s economic reopening and pro-growth policies.
Demand is soaring for oil storage tanks in Singapore, in a sign that a flood of Russian fuel is being blended and re-exported globally.
Nigeria is refusing to join an overhaul of the global taxation system it says is skewed to the interests of rich nations and could actually hurt the country’s tax revenues, Finance Minister Zainab Shamsuna Ahmed said.
BE Group, an investment firm fronted by former bankers, has made a fresh attempt at a takeover of Belgium’s biggest insurer Ageas, people familiar with the matter said.
Ericsson AB reported a bigger-than-expected drop in fourth-quarter earnings after some of its major customers for 5G networks pulled back on spending because of an uncertain economic environment. The shares dropped.
