UBS Group AG pared losses while investors digested the drawbacks and potential upside of its Credit Suisse Group AG takeover, a deal that forces it to wind down assets and restructure while handing over valuable assets at a bargain price.
Many commodities remained under pressure in the wake of UBS Group AG’s emergency purchase of Credit Suisse Group AG that aims to contain a banking crisis hurting the appeal of risk assets.
Sri Lanka’s private creditors are considering a proposal to swap defaulted bonds with new securities that would have cash flow linked to the nation’s future growth, according to people familiar with the matter.
(Bloomberg) -- Global central banks witnessed no dash for dollars after uniting with the Federal Reserve to ease access to supplies of the US currency, an indication the latest bout of banking turmoil may not be causing undue stress to the financial system.
Turkey’s central bank asked commercial lenders last week to use a dual foreign-exchange rate for transactions with companies, the latest step in its bid to ease pressure on the lira.
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