UBS flags huge potential costs, and benefits, from Credit Suisse deal
By Tomasz Janowski, Oliver Hirt and Selena Li ZURICH (Reuters) -UBS has flagged tens of billions of dollars of potential…
May 17, 2023
Marketmind: Fed rates to stay higher for longer, debt drama goes on
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is…
Oil Steady As Demand Worries Face Tight Supply Outlook
By Noah Browning LONDON (Reuters) -Oil prices were steady on Wednesday after a surprise rise in U.S. crude inventories stoked…
Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ
(Reuters) – Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66…
Missions in China warned over ‘propaganda’ displays after Ukraine flags raised
By Laurie Chen BEIJING (Reuters) -China has notified foreign embassies and international organisations not to exhibit “politicised propaganda” on their…
EV maker Fisker is exploring collaboration with other companies, CEO says
By Victoria Waldersee and Joseph White MUNICH (Reuters) – Electric car maker Fisker Inc is exploring collaboration with other companies…
In Taiwan, former UK PM Truss warns against appeasing China
TAIPEI (Reuters) -Former British prime minister Liz Truss said in Taiwan on Wednesday the West must avoid appeasing China and…
Virgin Orbit enters $17 million ‘stalking horse’ bid to sell aircraft assets
(Reuters) -Bankrupt satellite launch company Virgin Orbit said on Tuesday it entered into a “stalking horse” agreement with Stratolaunch to…
Euro zone inflation ticks up in April
FRANKFURT (Reuters) – Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn…
ECB looks for new top supervisor to succeed Enria
FRANKFURT (Reuters) – The European Central Bank said on Wednesday it is looking for a new top bank supervisor to…