UBS Group AG is offering to buy back euro-denominated bonds it issued Friday, just days before it said Sunday it would acquire troubled rival Credit Suisse Group following hastily arranged crisis talks.
Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said.
Xi Jinping used two days of talks in Moscow to firmly align with Russia against the US. But the Chinese leader held back from offering Vladimir Putin something he’s been looking for: A commitment to buy a lot more gas.
Nio Inc. is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong.
Asian shares rose and US equity futures were steady ahead of the Federal Reserve’s much-anticipated interest-rate decision later Wednesday.
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