Credit Suisse said it will reduce the volume of new markets business from Sept. 22 while UBS integrates its former rival, the bank said in a letter sent to clients, as the 166-year-old firm winds down trading in global securities.
Finance Minister Bruno Le Maire is meeting France’s top supermarkets and their suppliers on Wednesday and Thursday to try to persuade them to accelerate price cuts as shoppers struggle with the rising cost of food and other staples.
Toyota Motor was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly plants.
Argentina is battling against triple digit inflation, its highest in over three decades, and that could climb to near 200% by the end of the year, stirring memories of hyperinflation in the late 1980s and other economic crises.
Long-term buyers of U.S. liquefied natural gas (LNG) are willingly agreeing to higher liquefaction fees at newer export projects, according to analysts and developers familiar with the matter.
U.S. Commerce Secretary Gina Raimondo talked up American firms’ desire to do business in China and her hopes for further engagement with Chinese officials on market access on Wednesday, after earlier comments over China being “uninvestible”.
Pasta lovers must brace to pay even higher prices for their favorite dish, as drought in Canada and bad weather in Europe damages crops of durum wheat and reduces supplies available to flour millers and food companies.
Pediatricians and parents are calling for the U.S. to treat new high-caffeine energy drinks like alcohol and cigarettes and ban their sale to minors as a single serving can contain as much caffeine as six Coca-Colas.
