UBS CEO says about 10% of Credit Suisse staff have left
By Noele Illien and John Revill ZURICH (Reuters) -UBS Chief Executive Sergio Ermotti said on Monday that around 10% of…
Business
Explainer-Why is the Canadian economy strong despite record pace of rate hikes?
By Steve Scherer OTTAWA (Reuters) – Despite the fastest monetary tightening cycle in the country’s history, Canada’s economy is still…
Retail media ad revenue forecast to surpass TV by 2028
By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast…
Wall Street banks expect ‘hawkish pause’ from Fed in June
(This story has been corrected to change the dateline to June 12) (Reuters) – Most big Wall Street banks expect…
Glencore, automakers to back $1 billion nickel, copper SPAC deal in Brazil
LONDON (Reuters) – Global miner Glencore, Chrysler parent Stellantis and Volkswagen’s battery unit PowerCo have agreed to back a $1…
Analysis-EU pork on a lean streak as higher standards drive up costs
By Gus Trompiz PARIS (Reuters) – Record pig prices could have spurred farmers like Carole Joliff to expand their herd,…
In the Market: For firms, China policy semantics are not the point
By Paritosh Bansal (Reuters) -‘De-risk, not decouple’ are the new buzzwords for Western policy toward China, drawing skepticism from Beijing…
Morgan Stanley, JPMorgan turn bullish on emerging market local bonds
LONDON (Reuters) – Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds,…
China’s Nio cuts prices, ends free battery swapping as sales slide
SHANGHAI (Reuters) -Nio said on Monday it would lower prices for all its models and end free battery swapping services…
UK PM Sunak pitches Britain as future home for AI regulation
LONDON (Reuters) -Prime Minister Rishi Sunak said on Monday Britain could be the global home of artificial intelligence regulation as…