Reuters Asia

Hong Kong Monetary Authority says Credit Suisse business in city open as usual

HONG KONG (Reuters) -Hong Kong’s Monetary Authority and the city’s Securities and Futures Commission (SFC) said on Monday that Credit Suisse’s operations in the financial hub would be open for business as normal with customers able to access their deposits. The announcement came after the Swiss National Bank announced on Sunday that UBS AG would …

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Biden administration holds second round of IPEF talks in Bali

WASHINGTON (Reuters) – The Biden administration said on Sunday that it has held a second round of negotiations for its signature Asia engagement project on topics including labor, environment, digital trade and technical assistance. The economic initiative known as the Indo-Pacific Economic Framework (IPEF), which President Joe Biden launched last May, is aimed at countering …

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