Credit Suisse Group AG completed a 4 billion-franc ($4.3 billion), two-pronged capital increase, giving Chief Executive Officer Ulrich Koerner the funds needed to embark on a comprehensive restructuring of the troubled lender.
Stocks climbed on Friday while the dollar and bond yields fell as investors looked to inflation readings for clues on the path of interest rate hikes.
China is willing to expand oil trade with Saudi Arabia, Chinese President Xi Jinping said during a visit to the kingdom that reinforced ties between the world’s No. 2 economy and its top supplier of crude.
Australia will impose a cap on domestic energy prices and provide as much as A$1.5 billion ($1 billion) in energy bill relief to ease cost of living pressures caused by soaring global commodity prices.
Chinese property shares rallied on expectations that authorities may add support for the ailing property sector at a key economic meeting next week.
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