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Orcel Sees Higher Deposit Costs, Eyes Second UniCredit Term
Orcel Sees Higher Deposit Costs, Eyes Second UniCredit Term
UniCredit SpA Chief Executive Officer Andrea Orcel said the boost from higher official interest rates will soon turn
2023-06-05 22:28
Canada’s Economy Is Proving Surprisingly Immune to Higher Interest Rates
Canada’s Economy Is Proving Surprisingly Immune to Higher Interest Rates
Canada’s economy hasn’t buckled under the weight of higher borrowing costs. On the contrary: strong growth has more
2023-06-05 22:18
3M Granted Delay in ‘Forever Chemicals’ Trial to Negotiate Settlement
3M Granted Delay in ‘Forever Chemicals’ Trial to Negotiate Settlement
The judge overseeing 4,000 lawsuits involving 3M Co. “forever chemicals” agreed to delay the first trial for three
2023-06-05 21:50
European Natural Gas Prices Jump as LNG Market Shows Signs of Tightening
European Natural Gas Prices Jump as LNG Market Shows Signs of Tightening
European gas futures jumped 20%, the biggest jump since March amid signs of a tighter liquefied natural gas
2023-06-05 21:15
Russia’s Oil and Gas Revenue Shrank by Over a Third in May
Russia’s Oil and Gas Revenue Shrank by Over a Third in May
Russia’s oil and natural gas revenue fell by more than a third in May, hit by lower crude
2023-06-05 20:47
BOE Wants Deposit Protection Fund to Recapitalize Failing Banks
BOE Wants Deposit Protection Fund to Recapitalize Failing Banks
The Bank of England is drawing up plans to recapitalize failing banks through the industry’s deposit protection program
2023-06-05 20:28
Saudi Arabia, US Make Tentative Steps Toward Healing Deep Rift
Saudi Arabia, US Make Tentative Steps Toward Healing Deep Rift
US Secretary of State Antony Blinken’s visit to Saudi Arabia this week is the latest sign of improving
2023-06-05 20:00
Ukraine’s European Neighbors Set to Extend Grain Import Ban
Ukraine’s European Neighbors Set to Extend Grain Import Ban
Ukraine’s European neighbors are set to extend a ban on importing the country’s grain until mid-September, a move
2023-06-05 18:17
China Says Local Debt Under Control, No Systemic Risk Seen
China Says Local Debt Under Control, No Systemic Risk Seen
China said local government debt is manageable and authorities have enough financial resources to avoid risks from spreading,
2023-06-05 17:56
Daiwa Says Staff Freely Using ChatGPT, Plans Tech Hiring Boost
Daiwa Says Staff Freely Using ChatGPT, Plans Tech Hiring Boost
Daiwa Securities Group Inc. employees are widely using an artificial intelligence-powered chatbot in Japan, as the nation’s second-largest
2023-06-05 17:24
China Bonds at Center of Crisis Fears Are Posting Surprise Gains
China Bonds at Center of Crisis Fears Are Posting Surprise Gains
For all the concern about a debt crisis facing China’s local governments, the bonds most exposed to a
2023-06-05 17:24
Germany Lines Up €50 Billion to Help Heavy Industry Go Green
Germany Lines Up €50 Billion to Help Heavy Industry Go Green
Germany plans to help energy-intensive manufacturers transition to climate-neutral technologies with roughly €50 billion ($53.4 billion) in subsidies.
2023-06-05 17:24
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