
Russian Gas Threat Has German Bankers Fearing Default Spike
Germany’s banks would be forced to put extra funds aside to cover a potential spike in defaults if the country were to get cut off from Russian gas, several senior bankers said.
Germany’s banks would be forced to put extra funds aside to cover a potential spike in defaults if the country were to get cut off from Russian gas, several senior bankers said.
The recent sharp weakening of the yen has only had a limited impact on Japan’s key price gauge, according to a researcher of currencies and prices.
The South African unit of M&G Plc., the UK fund manager overseeing more than $390 billion in assets, sees opportunities in investing in the nation’s industrial and financial companies as earnings growth may surprise.
The European Central Bank will “tilt” its corporate bond holdings toward issuers that demonstrate a “better climate performance,” marking its most significant shift yet to weave environmental considerations into monetary policy.
Singapore’s economy is not at risk of recession or stagflation at this stage, Finance Minister Lawrence Wong said, amid growing concerns about the impact of global monetary policy tightening to counter surging inflation.
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