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Investors dump global bond and equity funds in the week ended Sep.21
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Portugal maintains 2022 deficit forecast despite first-half surplus
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Explainer-Rightist alliance set for Italian election victory
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Four fifths of UK households saw disposable income fall in August, says Asda
Credit Suisse shares hit record low after report bank is looking to raise cash
Date: September 23, 2022
LONDON (Reuters) – Credit Suisse shares dropped to a record low on Friday after a Reuters report said the company is looking to raise fresh cash. Credit Suisse has started sounding out investors for a capital hike for the fourth time in seven years as it attempts a radical overhaul of its investment bank, which...
Societe Generale says two senior executives to leave bank
Date: September 23, 2022
PARIS (Reuters) -Societe Generale, which is seeking a new chief executive, said on Friday two senior female executives would be stepping down before the end of the year. France’s third-biggest listed bank said Chief Risk Officer Sadia Ricke would leave on Nov. 30 and Caroline Guillaumin, the head of human resources and communication, would quit...
Swiss bank UBP returns to Chinese markets
Date: September 23, 2022
By Summer Zhen HONG KONG (Reuters) – Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the world’s second-largest economy after withdrawing last year. UBP has more than $150 billion of assets. It returned to China in August after having exited all...
Spain Q2 quarterly GDP growth revised to 1.5% from 1.1%
Date: September 23, 2022
MADRID (Reuters) -Spanish GDP grew faster in the second quarter than originally estimated, compared with the prior quarter, reflecting a healthy Easter rebound from the winter months and a more robust export rise, data from the National Statistics Institute showed on Friday. INE upgraded quarterly growth in the period to 1.5% from an original 1.1%...
UK’s Made.com to cut jobs and launch strategic review
Date: September 23, 2022
(Reuters) -British online furniture retailer Made.com said on Friday it would cut jobs, conduct a strategic review, including a formal sale process, and withdraw its full year forecast due to “challenging” market conditions. Made.com would cut back costs by laying off staff within the next few weeks, it said in a statement. It didn’t immediately...
Growth will pay for UK government spending plans, minister says
Date: September 23, 2022
LONDON (Reuters) – Economic growth will help to pay for Britain’s plans to maintain government spending while it cuts taxes, a cabinet minister said on Friday ahead of a major fiscal announcement. Asked by Sky News if his view last year that some tax increases would be needed to repair government finances still applied, Clarke...