Good morning. Winners and losers emerge from UBS Group's acquisition of
A missing radioactive capsule that sparked health fears in Thailand and a days-long search has been found and likely crushed, according to local authorities.
Indonesia said Perry Warjiyo, who steered the Southeast Asian economy’s monetary policy through the pandemic years, will continue as central bank governor for a second term.
A key barometer of oil market health has slumped as strikes in France
The Bank of Japan indicated a cautious stance toward pivoting from massive easing before achieving its inflation target, helping cool market speculation over any big monetary policy shift at the start of incoming governor Kazuo Ueda’s term.
Some Asian banks’ additional tier 1 bonds fell by a record Monday morning, after a Swiss regulator said $17 billion of such AT1s from Credit Suisse Group AG will be wiped out.
Following the relaxation of border controls after the pandemic, Singapore’s foreign workforce registered the strongest growth in at least 5 years, while falling just shy of pre-Covid numbers numbers in 2019.
Commodities remained under pressure despite a weekend of intervention by authorities to contain a banking crisis that saw UBS Group AG agree to buy Credit Suisse Group AG and central banks boost dollar liquidity.
Treasury yields rose across the curve Monday as traders mulled the rescue of Credit Suisse Group AG and a move by major central banks to shore up dollar liquidity.
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The Federal Reserve and five other central banks announced coordinated
Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management, discusses UBS Group AG's agreement to buy Credit Suisse Group AG, the implications for bond markets and the banking industry. Holders of Credit Suisse bonds suffered a historic loss when a takeover by UBS wiped out about 16 billion Swiss francs ($17.3 billion) worth of risky notes. Michele speaks on a special edition of “Bloomberg Surveillance.” (Source: Bloomberg)