UBS says it was rushed into unwanted Credit Suisse rescue merger
By Kane Wu HONG KONG (Reuters) – UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG…
Economy
China’s home prices rise at slower pace as demand ebbs
BEIJING (Reuters) – China’s new home prices rose for the fourth straight month in April but at a slower pace,…
Marketmind: Are we there yet? Market holds breath for debt ceiling deal
A look at the day ahead in European and global markets from Ankur Banerjee Nervousness in the market over the…
Factbox-What are the deals on Ukraine, Russia grain exports?
By Michelle Nichols UNITED NATIONS (Reuters) – The extension of a deal allowing the safe Black Sea export of Ukrainian…
US IRS to launch free tax e-file pilot program in 2024
By David Lawder WASHINGTON (Reuters) -The Internal Revenue Service said on Tuesday it would launch a free, government-provided direct tax…
Australia wage growth hits decade-high, quarterly gains miss forecasts
SYDNEY (Reuters) -Australian wages grew at the fastest annual pace in a decade last quarter, although quarterly gains missed forecasts,…
Singapore’s April exports fall 9.8% y/y, steeper than forecast
SINGAPORE (Reuters) -Singapore’s non-oil domestic exports fell 9.8% in April from the same month a year earlier, data on Wednesday…
Credit Suisse faces restrictions on business till deal closure
(Reuters) -Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival UBS…
Biden, McCarthy hopeful on debt ceiling deal, US president cuts Asia trip short
By Nandita Bose and David Morgan WASHINGTON (Reuters) -Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer…
Wall Street closes lower after Home Depot outlook, US retail sales
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday after a disappointing forecast from Home…