Bank stocks pared their losses Monday after the historic takeover of Credit Suisse Group AG, as investor sentiment stabilized following a $1 trillion plunge this month in global financial shares.
Many commodities remained under pressure in the wake of UBS Group AG’s emergency purchase of Credit Suisse Group AG that aims to contain a banking crisis hurting the appeal of risk assets.
Sri Lanka’s private creditors are considering a proposal to swap defaulted bonds with new securities that would have cash flow linked to the nation’s future growth, according to people familiar with the matter.
European Union member states are set to reach an agreement that aims to provide Ukraine with 1 million rounds of artillery ammunition over the next year.
Turkey’s central bank asked commercial lenders last week to use a dual foreign-exchange rate for transactions with companies, the latest step in its bid to ease pressure on the lira.
The UK’s production of oil and natural gas could be at risk from strike action in the coming weeks, according to the Unite union.
Osman Semerci, a once-rising star at Merrill Lynch & Co. until the unit he oversaw helped usher in the firm’s demise, is in the spotlight again.
Chinese President Xi Jinping arrived in Moscow Monday for talks with Russian counterpart Vladimir Putin including on Beijing’s proposals to end the war in Ukraine.
The Nigerian ruling party’s candidate retained the governorship of the nation’s commercial hub in a violence-marred election.
Steve Diggle, co-founder of volatility hedge fund Artradis Fund Management, which scored a $2.7 billion trading gain between 2007 and 2008, is sitting on the sidelines this time as bank woes rock markets.
