By Noele Illien and Stefania Spezzati ZURICH (Reuters) – Hundreds of Credit Suisse’s employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken[...]
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May 31, 2023
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 said in an interview released on Wednesday. The G[...]
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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 Central Bank warned on Wednesday in an unusually strong message abo[...]
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EV maker Faraday Future launches limited edition FF 91 2.0 for $309,000
(Reuters) – Electric vehicle (EV) startup Faraday Future Intelligent Electric launched its limited edition FF 91 2.0 Futurist Alliance vehicle on Tuesday, priced at $309,000. The company said th[...]
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Target Pride backlash exposes ‘rainbow capitalism’ problem, designer says
By Helen Reid LONDON (Reuters) – U.S. retailer Target’s decision to remove some LGBTQ-themed merchandise after customer backlash in its stores highlights the problem with companies’[...]
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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 forward guidance – a tool used to communicate the future path of monetary po[...]
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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 to lift the $31.4 trillion U.S. debt ceiling and achieve n[...]
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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 locally incorporated bank in China to sidestep a potential regulatory conflict arisi[...]
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China’s Baidu launches $145 million venture capital AI fund
SHANGHAI (Reuters) – Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence[...]
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