By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival. Customer deposits declined by 67 billion francs in the quarter and the bank noted…
By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival. Customer deposits declined by 67 billion francs in the quarter and the bank noted…
By Maria Martinez BERLIN (Reuters) -German business morale rose slightly in April due to an improvement in companies’ expectations, adding to positive signs as Europe’s largest economy hopes to have dodged a winter recession, a survey showed on Monday. The Ifo institute said its business climate index stood at 93.6 following a revised reading of…
By Nyasha Chingono HARARE (Reuters) – Inside a grimy, poorly lit room in Mbare, one of Zimbabwe’s most populous townships, a 45-year-old man sits on a makeshift stool as he pours a brownish liquid into small bottles. An alcoholic stench fills the room. The Mbare resident is one of Zimbabwe “backyard brewers” who are making…
LONDON (Reuters) – Len Goodman, the head judge on British television dancing competition “Strictly Come Dancing” and its U.S. version “Dancing with the Stars”, has died aged 78, the BBC said on Monday. Goodman was a successful professional ballroom dancer, winning the British championships in his late twenties before retiring from the sport and opening…
By Marc Jones LONDON (Reuters) – France’s central bank governor François Villeroy de Galhau has pushed back against criticism of central banks’ increasing involvement in the fight against climate change, calling the issue a “must have” focus. “Climate-related risks are clearly among the long-term risks to which financial institutions are exposed: monitoring these risks is…
HONG KONG (Reuters) – China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond worth 8.2 billion yuan ($1.19 billion) will hold a meeting on Wednesday to vote whether they will join the group’s offshore restructuring proposal. The bond in question, due July 8 after extending the maturity by…
By Lucila Sigal BUENOS AIRES (Reuters) – In Argentina’s mountainous north, a strong pipeline of lithium projects close to coming online looks set to unlock a wave of production that could see its output of the key electric vehicle battery metal as much as triple within the next two years. The world’s fourth largest producer…
(Reuters) – A Russian court denied bail on Monday to a woman charged with terrorism over a bomb attack that killed a pro-war Russian military blogger earlier this month. Prosecutors have accused Darya Trepova, 26, of killing blogger Vladlen Tatarsky, whose real name was Maxim Fomin, by presenting him with an explosive device concealed within…
A look at the day ahead in U.S. and global markets from Mike Dolan With world markets preparing for first-quarter updates from U.S. Big Tech firms this week, the heat under simmering geopolitical tensions went up a notch as a Chinese diplomat to France questioned the independence of all former Soviet states. Ahead of an…
