By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival. Customer deposits declined by 67 billion francs in the quarter and the bank noted…
By Maria Martinez BERLIN (Reuters) -German business morale rose slightly in April due to an improvement in companies’ expectations, adding to positive signs as Europe’s largest economy hopes to have dodged a winter recession, a survey showed on Monday. The Ifo institute said its business climate index stood at 93.6 following a revised reading of…
By Marc Jones LONDON (Reuters) – France’s central bank governor François Villeroy de Galhau has pushed back against criticism of central banks’ increasing involvement in the fight against climate change, calling the issue a “must have” focus. “Climate-related risks are clearly among the long-term risks to which financial institutions are exposed: monitoring these risks is…
HONG KONG (Reuters) – China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond worth 8.2 billion yuan ($1.19 billion) will hold a meeting on Wednesday to vote whether they will join the group’s offshore restructuring proposal. The bond in question, due July 8 after extending the maturity by…
A look at the day ahead in U.S. and global markets from Mike Dolan With world markets preparing for first-quarter updates from U.S. Big Tech firms this week, the heat under simmering geopolitical tensions went up a notch as a Chinese diplomat to France questioned the independence of all former Soviet states. Ahead of an…
FRANKFURT (Reuters) – The German economy is likely to have expanded in the last quarter on a rebound in industrial production, the Bundesbank said in a monthly report on Monday, revising its previous prediction of a small contraction. The euro zone’s biggest economy has struggled for much of the past year as sky-high energy prices…
By Lucinda Elliott and Daniela Desantis ASUNCION (Reuters) – From Paraguayan capital Asuncion to Taipei and Washington, diplomats, officials – and farmers – are closely watching a tight election race that could determine Paraguay’s future ties with Taiwan. Paraguay will vote for its next president on April 30, choosing between a ruling party candidate pledging…
TOKYO (Reuters) -Japan is considering expanding the areas in which skilled foreign workers can receive long-term work visas to 12 from three, possibly including the food service industry, the Nikkei newspaper reported on Monday. Rapidly-ageing Japan suffers from an increasingly severe shortage of labour in a number of sectors but remains reluctant to allow a…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan may conduct a comprehensive review of the impact of the monetary easing steps it has taken over the longer term, an idea recently flagged by its new governor Kazuo Ueda, three sources familiar with its thinking said. But there is uncertainty on how soon, and…
TAIPEI (Reuters) – Guatemala is not asking for “free money” from Taiwan and does not owe debt in the same way Honduras does, but is looking for long-term investment and trade, senior Guatemalan financial officials said on Monday. Guatemala is one of only 13 countries to maintain formal diplomatic ties with Chinese-claimed Taiwan. Honduras abandoned…
