The tremors emanating from the US regional banking sector last week did little to ease the queasiness surrounding deposit flows and systemic risk as the last of Europe’s lenders prepare to report first-quarter results.
Natural gas purchases needed to refill Europe’s storage sites are slower than usual for this time of year despite a recent price drop with some buyers betting on a further slump.
The company behind a major tourism destination on Saudi Arabia’s Red Sea coast, a cornerstone of the kingdom’s push to attract tourists and diversify its economy, is considering a possible public market offering as soon as 2026.
Chinese stocks are likely to rebound on an expected revival in company earnings from this quarter, according to the co-manager of a Vontobel Holding AG emerging-market equity fund.
Asian shares advanced for a third day, led by gains in China, amid relative calm and positive sentiment across financial markets.
In China, one of the world’s most active equity markets, stocks that change hands most often are now the ones that are punishing investors.
The rally in Chinese financial shares intensified on Monday, with some banks posting their biggest single-day gains since the country’s 2015 equity bubble after more lenders cut their deposit rates and further progress on state-owned enterprise reform boosted investor sentiment.
China is expected to roll out new policies to protect supply chains and boost its birth rate, after President Xi Jinping led a high-profile meeting that established these areas as top economic priorities.
Growth-equity investor General Atlantic expects to deploy up to $1 billion in new investments in India annually for the next few years, betting on businesses built around Prime Minister Narendra Modi’s push to expand financial inclusion and increase technology usage.
BYD Co. plans to produce electric vehicles in Vietnam and expects support from the country’s government to do so, the Southeast Asian nation said following a May 5 meeting between Deputy Premier Tran Hong Ha and the automaker’s chairman and founder, Wang Chuanfu.
