Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment Bank
Credit Suisse Group AG may be due for a “massive downsizing” of its investment banking businesses after its
2023-06-17 19:00
Charting the Global Economy: Fed Holds While ECB Boosts Rates
The Federal Reserve held the line on interest rates while the European Central Bank pushed on, and both
2023-06-17 18:54
Russia’s Oil Giant Urges OPEC+ to Track Exports, Not Just Output
OPEC and its allies need to monitor not only production of the organization’s member countries but also their
2023-06-17 18:47
Islamic State-Linked Militants Kill 25 in Uganda School Attack
The Allied Democratic Forces, a militia group aligned with Islamic State, killed at least 25 people and critically
2023-06-17 17:25
Ukraine Recap: African Delegation to Meet Putin After Kyiv Visit
Russia and Ukraine are vying for support from Africa, which along with the rest of the developing world
2023-06-17 16:27
Goldman Says Markets Too Optimistic on Pace of US Inflation Drop
Inflation in the US won’t come down as quickly as markets are currently pricing, according to strategists at
2023-06-17 16:20
Berlin Risks Water Shortages in Fallout From Germany’s Coal Exit
On extremely hot and dry summer days, water in Berlin’s Spree River gets sucked upstream by an array
2023-06-17 15:25
Musk Courts EU Leaders as Twitter’s Future Hangs in the Balance
On Thursday, Elon Musk strode into the Palazzo Chigi in central Rome for a visit with Italian Prime
2023-06-17 15:20
Cooking Pizza in Italy Is Costlier as Olive Oil Price Jumps
The cost of making a classic Pizza Margherita rose more than twice as fast as overall inflation in
2023-06-17 14:15
The World’s Most Feared Investor Heads for Showdown With the LME
A decade ago, Paul Singer did battle with the government of Argentina — and won. Next week, the
2023-06-17 13:58
Britain Faces Recession and Flood of Job Losses if Rates Hit 6%
Economists are warning that the UK economy faces a sharp recession and a flood of job losses if
2023-06-17 13:55
Gloom Descends on Sunak as Johnson Saga and Rate Hikes Persist
Rishi Sunak is one of life’s optimists. But the Boris Johnson psychodrama and rising interest rates brought a
2023-06-17 13:29