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China Jan-Feb aluminium imports from Russia more than triple on-year
BEIJING (Reuters) - China's aluminium imports from Russia more than tripled in the first two months this year with a 266.2% surge, customs data showed on Monday, as buyers eyed rising Chinese demand a...
Syndicated Content Mar 20, 2023
Shocked Credit Suisse staff fear uncertain future despite UBS rescue deal
By Yantoultra Ngui, Summer Zhen and Selena Li SINGAPORE/HONG KONG (Reuters) - Credit Suisse staff arriving to work in Hong Kong and Singapore on Monday morning fretted about retrenchments and retainin...
Syndicated Content Mar 20, 2023
Analysis-Credit Suisse rescue presents ‘buyer beware’ moment for bank bondholders
By Tom Westbrook and Xie Yu SINGAPORE/HONG KONG (Reuters) - The rudest shock in the rushed deal to save embattled Swiss lender Credit Suisse Group AG was reserved for the holders of the bank's riskies...
Syndicated Content Mar 20, 2023
German producer prices rise more than expected in February
BERLIN (Reuters) - German producer prices rose more than expected in February, though the rate of increase eased for the fifth month in a row, signalling that inflation in Europe's largest economy cou...
Syndicated Content Mar 20, 2023
Investors dump Credit Suisse stock and bonds after UBS rescue
LONDON/ZURICH (Reuters) -Investors dumped Credit Suisse shares and bonds on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for just a fraction of its market value, wit...
Syndicated Content Mar 20, 2023
US funding stress metric hits three-month high as crisis rattles regional banks
LONDON (Reuters) - A market-based indicator of stress in the U.S. banking system jumped on Monday to its highest in three months, as turmoil engulfed regional lenders following the collapse of Silicon...
Syndicated Content Mar 20, 2023
UBS CEO says bank can handle risks of Credit Suisse takeover
ZURICH (Reuters) - UBS can handle the risks from taking over Swiss rival bank Credit Suisse, UBS Chief Executive Ralph Hamers told broadcaster SRF. In a package orchestrated by Swiss regulators on Sun...
Syndicated Content Mar 20, 2023
Bitcoin near 9-month high as bank turmoil sparks rally
By Georgina Lee HONG KONG (Reuters) - Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to...
Syndicated Content Mar 20, 2023
Asia policymakers move to calm nerves after Credit Suisse takeover
By Scott Murdoch SYDNEY (Reuters) - Asian policymakers on Monday moved to calm investor nerves after announcements of a historic Swiss-backed takeover of troubled Credit Suisse and a coordinated move ...
Syndicated Content Mar 20, 2023
Switzerland wakes to new era after historic bank merger; employees “shocked”
ZURICH (Reuters) - Switzerland awoke on Monday to a new era after UBS agreed to take over the ailing Credit Suisse, with a bank employee association saying it was "deeply shocked". The Swiss Bank Empl...
Syndicated Content Mar 20, 2023
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