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By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first quarter, adding that outflows were continuing even in the wake of the 167-year-old institution’s state-engineered rescue by UBS. “These outflows have moderated but have not yet reversed as of April 24, 2023,” Credit Suisse said. It also said it had experienced significant withdrawals of cash deposits […]

By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first quarter, adding that outflows were continuing even in the wake of the 167-year-old institution’s state-engineered rescue by UBS. “These outflows have moderated but have not yet reversed as of April 24, 2023,” Credit Suisse said. It also said it had experienced significant withdrawals of cash deposits […]

BARCELONA (Reuters) – Global fashion retailers gathering in Barcelona this week will discuss how they respond to pressure from regulators and consumers to move to more sustainable models while reversing declining sales in Europe. Executives from companies including Chinese fast-fashion retailer Shein, Spain’s Mango, and Ireland’s Primark are among those attending the World Retail Congress, one of the industry’s biggest annual conferences. They will discuss the challenges facing their businesses […]

BARCELONA (Reuters) – Global fashion retailers gathering in Barcelona this week will discuss how they respond to pressure from regulators and consumers to move to more sustainable models while reversing declining sales in Europe. Executives from companies including Chinese fast-fashion retailer Shein, Spain’s Mango, and Ireland’s Primark are among those attending the World Retail Congress, one of the industry’s biggest annual conferences. They will discuss the challenges facing their businesses […]

By Wayne Cole SYDNEY (Reuters) – Asian shares were mostly lower on Monday in a week packed with economic data and central bank meetings, along with earnings from the tech giants that have kept the S&P 500 afloat so far this year. Market action was sluggish in the wake of Friday’s surprisingly strong surveys of business activity which reinforced the case for higher interest rates. MSCI’s broadest index of Asia-Pacific […]

By Wayne Cole SYDNEY (Reuters) – Asian shares were mostly lower on Monday in a week packed with economic data and central bank meetings, along with earnings from the tech giants that have kept the S&P 500 afloat so far this year. Market action was sluggish in the wake of Friday’s surprisingly strong surveys of business activity which reinforced the case for higher interest rates. MSCI’s broadest index of Asia-Pacific […]

By Dawit Endeshaw (Reuters) – Ethiopian Prime Minister Abiy Ahmed and the rebel Oromo Liberation Army (OLA) will begin peace negotiations in Tanzania on Tuesday, the two sides said. This is the first time the Ethiopian government has formally said it would negotiate with the OLA, which has been battling the government on and off for decades. “A negotiation with Oneg Shene will start a day after tomorrow in Tanzania,” […]

By Dawit Endeshaw (Reuters) – Ethiopian Prime Minister Abiy Ahmed and the rebel Oromo Liberation Army (OLA) will begin peace negotiations in Tanzania on Tuesday, the two sides said. This is the first time the Ethiopian government has formally said it would negotiate with the OLA, which has been battling the government on and off for decades. “A negotiation with Oneg Shene will start a day after tomorrow in Tanzania,” […]

(Reuters) – Interim manager Cristian Stellini said Tottenham Hotspur’s performance in the first 25 minutes of Sunday’s humiliating 6-1 thrashing by Newcastle United was perhaps “the worst” he had ever seen. Spurs began Sunday’s game with four at the back but conceded five goals in the opening 21 minutes, prompting Stellini to replace midfielder Pape Matar Sarr with defender Davinson Sanchez and revert to their usual back three. “There are […]