The Swiss banking watchdog’s decision to wipe out about $18 billion worth of high-risk bonds as part of the deal to rescue Credit Suisse Group AG was a possibility investors should have been aware of, Swiss National Bank President Thomas Jordan said.
There are a staggering number of defunct oil and gas wells across the US. Renewell Energy sees them as an untapped climate solution.
Ben Brazil, who helped turn Macquarie Group Ltd.’s leasing and lending business into a major earnings driver, has built up almost $2 billion in funds to target distressed assets.
At Formula One’s inaugural Chinese Grand Prix in Shanghai in 2004, five-year-old Zhou Guanyu was in the stands cheering on his idol, Spain’s Fernando Alonso.
Air France-KLM left investors guessing about the strength of its recovery, abstaining from a full-year profit forecast and trimming its capacity prediction as French air-traffic control strikes and engine shortages injected uncertainty into the outlook.
Top economic advisers at Turkish opposition parties are preparing to meet in Istanbul on Saturday, a show of unity with barely a week left before a tightly contested election that’s put a spotlight on President Recep Tayyip Erdogan’s control over institutions and policy.
Oil rose but the benchmark is still headed for a weekly loss of almost 10% as the outlook for demand faltered amid an uncertain global economic outlook.
Rishi Sunak’s UK Conservatives lost scores of local council seats in a bruising first election for the prime minister that suggests the ruling party is in danger of losing power in a national vote that’s expected next year.
Apple Inc.’s shares rose in premarket trading after reporting a rebound in iPhone sales last quarter, helping the world’s most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup.
DBS Group Holdings Ltd. said its digital systems have recovered after an earlier disruption saw retail customers face difficulties performing banking and payment services through its apps and websites.
