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…
Economy
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…
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…
Ryanair to trim schedules as 10 Boeing jets likely delayed
By Conor Humphries DUBLIN (Reuters) – Ryanair will have to trim its July schedule because it expects around 10 Boeing…
Citigroup hikes 2023 global growth forecast, sees US recession only in Q4
(Reuters) -Citigroup raised its 2023 global economic growth forecast to 2.4%, citing “solid” performance in the United States, euro area…
U.S. Bancorp beats profit estimates as higher rates boost interest income
(Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve…