UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a interview published on Saturday. The former…
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Category: Economy
Chinese Fret Over Infecting Elderly As Holidays Prompt COVID Warnings
People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their home towns for holidays that the World…
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Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High
Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of…
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GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV
General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax…
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China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin
Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike…
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BOJ Considering Raising Inflation Forecasts to Near 2% Target -Nikkei
The Bank of Japan (BOJ) is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023…
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Toyota’s Nov Global Vehicle Production Rises 1.5% to Record 833,104
Toyota Motor (NYSE:TM) Corp reported on Monday a 1.5% rise in November global vehicle output, reaching a new record of 833,104. domestic production slid 3.3%…
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jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone
Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in…
View More jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish ToneForeign investors snap up Indian bonds set for inclusion in global indexes
Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investments ahead of an anticipated inclusion of Indian…
View More Foreign investors snap up Indian bonds set for inclusion in global indexesWhat to Expect in the Markets Next Week
U.S. equity markets rose for a third straight day on Friday, snapping a three-week losing streak for the major averages. It was a broad-based advance,…
View More What to Expect in the Markets Next Week