Storm clouds gather over highly indebted companies, Moody’s says
By Matt Tracy WASHINGTON (Reuters) – Credit ratings agency Moody’s Investors Service Inc said on Wednesday it has pushed more…
2023
Credit Squeeze ‘biggest Threat’ To Economic Outlook – Asset Managers
By Nell Mackenzie PARIS (Reuters) – The biggest threat to the economic outlook is a credit squeeze that has not…
Japan’s SMFG is first global bank to sell AT1 bonds since C.Suisse wipeout
By Junko Fujita TOKYO (Reuters) -Japan’s Sumitomo Mitsui Financial Group (SMFG) sold $1 billion of additional tier-1 (AT1) debt on…
Airbus to give 5%-7.4% pay hike to workers in Spain, union says
MADRID (Reuters) – Aircraft maker Airbus agreed with Spanish labour unions to raise its workers’ salaries by between 5% and…
Foreign investors set sights on Turkey after elections
By Orhan Coskun and Birsen Altayli ANKARA (Reuters) – International investors are looking to increase investments in Turkey, notably in…
Brazil’s industrial output down for 3rd month in a row in February
SAO PAULO (Reuters) – Industrial production in Brazil fell for the third consecutive month in February, government statistics agency IBGE…
Swiss government reiterates financial commitment to Credit Suisse deal
ZURICH (Reuters) -The Swiss government said commitments to the Swiss National Bank and UBS to ease the takeover of Credit…
Spotify down for thousands of users
(Reuters) – Spotify was facing issues on Wednesday, the audio streaming platform said, with outage tracking website Downdetector reporting that…
Oilfield firm Baker Hughes beats profit estimate on strong oil prices
By Liz Hampton and Arunima Kumar (Reuters) -Oilfield firm Baker Hughes Co beat first-quarter profit estimates on Wednesday, as stronger…
Testing waters, Hungary’s central bank flags cut in top end of rate corridor
By Krisztina Than and Alan Charlish BUDAPEST (Reuters) – Hungary’s central bank could cut its 25% top collateralised loan rate…