Credit Suisse bankers leaving by the hundreds every week – sources
By Noele Illien and Stefania Spezzati ZURICH (Reuters) – Hundreds of Credit Suisse’s employees are resigning each week in a…
Economy
Volkswagen won’t join China discount battle “at any price” – COO
BERLIN (Reuters) -Volkswagen will not participate in a discount battle in China “at any price”, Chief Operating Officer Ralf Brandstaetter…
BOJ normalisation could strain global bond markets: ECB
FRANKFURT (Reuters) – Policy normalisation by the Bank of Japan could test the resilience of global bond markets, the European…
Taiwan central bank sees export momentum picking up in H2
TAIPEI (Reuters) – Taiwan’s economic growth is likely to be low in the first half of the year under continuing…
Italy Q1 GDP revised up to 0.6% q/q, 1.9% y/y -ISTAT
ROME (Reuters) – Italy’s economy rose 0.6% in the first quarter, boosted by strong domestic demand, national statistics bureau ISTAT said on…
French finance minister sticks to 1% growth outlook despite risks
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he was sticking to a forecast of 1%…
Forward guidance could become trap for central banks-economist
By Leika Kihara TOKYO (Reuters) – Central banks risk being late in arresting inflation if they rely too much on…
US House poised to vote on urgently needed debt ceiling suspension
By Moira Warburton and David Morgan WASHINGTON (Reuters) – Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy…
Exclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
By Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a…
French inflation eases in May to 12-month low of 6.0%
PARIS (Reuters) – French inflation cooled more than expected in May to its lowest level in a year as energy…