Credit Suisse hosted its top clients in October at the opulent Fontainebleau Miami Beach hotel, amid growing doubts that it was still in the securities trading game after a string of high-profile gaffes. Investors and trading firms from BlackRock to… Read More ›
Lego said that store openings in China, as well as strong demand in Western Europe and the Americas, resulted in 17% sales growth in 2022, and that it expects to outperform the market this year. Last year, the family-owned company… Read More ›
The Swiss National Bank reported an annual loss of 132.5 billion Swiss francs ($141.54 billion) on Monday, in line with the preliminary figures released in January. The loss, the largest in the central bank’s 115-year history, was caused by a… Read More ›
Since 1945, women have held only 12% of the top jobs at 33 of the world’s largest multilateral institutions, and more than a third of those bodies, including all four major development banks, have never been led by a woman,… Read More ›
There is now more clarity regarding whether Chinese companies can list abroad in the United States. Late Friday night, the China Securities Regulatory Commission unveiled new guidelines that call for domestic businesses to abide by national security measures and the… Read More ›
If Europe wants to meet a globally agreed-upon deadline, strict capital requirements for banks holding cryptoassets must be fast-tracked in the pending banking law of the European Union, according to the bloc’s executive. The implementation of capital requirements for banks’… Read More ›
According to data from trade sources, India’s imports of Russian oil increased to a record 1.4 million barrels per day (bpd) in January, up 9.2% from December. Moscow continued to be New Delhi’s top monthly oil supplier, followed by Iraq… Read More ›
According to Goldman Sachs strategists, by the end of this year, Chinese stocks could rise by as much as 24% due to an economic transition from “reopening to recovery.” According to a note published on Monday, the company anticipates a… Read More ›
China is closely monitoring Russia’s progress in the Ukraine, according to NATO Secretary-General Jens Stoltenberg, who also noted that the outcome of the European war will probably have a significant impact on Beijing’s actions in the Asia-Pacific region. “Beijing is… Read More ›
Although British consumers unexpectedly increased their shopping in January, the overall picture still shows weak demand from households struggling with inflation and turning more to retailer sales to make ends meet. Sales volumes increased by 0.5% from December, marking only… Read More ›
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