Category Archives:
Goldman Sachs lowers euro zone growth forecast; sees no growth for UK
(Reuters) - Goldman Sachs lowered its 2023 economic growth forecast for the euro zone on Monday, citing ongoing stress in the global banking system and an increase in economic uncertainty. The investm...
Mar 20, 2023
Kremlin tells officials to stop using iPhones – Kommersant newspaper
MOSCOW (Reuters) -The Kremlin told officials involved in preparations for Russia's 2024 presidential election to stop using Apple iPhones because of concerns that the devices are vulnerable to Western...
Mar 20, 2023
BOJ appoints ‘Mr. YCC’ to oversee monetary policy
By Takahiko Wada and Leika Kihara TOKYO (Reuters) - The Bank of Japan on Monday appointed Seiichi Shimizu, whose market and technical expertise on the bank's yield curve control (YCC) policy earned hi...
Mar 20, 2023
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...
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...
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...
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...
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...
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...
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...
Mar 20, 2023
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