Bloomberg Credit Suisse Group AG CEO Thomas Gottstein signalled he’d consider further separating the asset-management unit from the rest of the bank after the Greensill Capital collapse, as he steps up efforts to limit the reputational damage from the supply-chain finance scandal. Making asset management an independent entity is “potentially part of the plan,” Gottstein said in a Bloomberg Television ...

Bloomberg China appointed two new economists to its central bank monetary policy committee with expertise in the labour market and population, suggesting an increased focus on boosting jobs and household incomes. Cai Fang, a well-known economist at the government-linked Chinese Academy of Social Sciences, and Wang Yiming, a former deputy director of the Development Research Center of the State Council, ...

Bloomberg India is set to face its first test of demand for a riskier type of bank bond since the regulator introduced a cap on mutual funds’ investments in such securities. One of the nation’s largest regional lenders, Bank of Maharashtra, is seeking bids Monday for rupee-denominated Tier 2 notes in a sale that will be closely watched to gauge ...

Bloomberg The European Central Bank (ECB) finally delivered on its promise to boost the pace of emergency bond-buying to combat the economic threat from higher yields. Net purchases settled last week climbed by 21.1 billion euros ($25.2 billion), the most since the start of December. German bonds held marginally higher on the day, with 10-year yields dropping one basis point ...

Bloomberg China’s equity benchmark edged back towards its 2021 low, briefly piercing through a key support level as traders sold everything from electronic cigarette stocks to raw-materials firms amid broader concerns over earnings and valuations. The CSI 300 Index falls 1% to close at 5,009.25 points, extending its decline from this year’s peak to nearly 14% just days after the ...

Bloomberg European stocks dropped on Tuesday as a planned lockdown in Germany amid a resurgence of virus cases cast doubt on the region’s nascent economic recovery. The Stoxx 600 Index falls 0.5%, dragged lower by travel shares and cyclicals as Chancellor Angela Merkel put Germany into hard lockdown over Easter to try to defuse another wave of infections. The move ...

ABU DHABI / WAM Mubadala Investment Company (Mubadala) and Snam, one of the world’s leading energy infrastructure operators, signed on Monday a Memorandum of Understanding (MoU) to collaborate on joint investment and development initiatives on hydrogen. As part of the agreement, the two companies will carry out a number of assessment activities, including technical and economic feasibility studies to explore ...

Abu Dhabi / WAM The UAE is to increase the efficiency of the three most energy-consuming sectors (transport, industry and construction) by 40 per cent, Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure has said. In a statement he made on Monday following the launch of the national water and energy demand management programme by the cabinet, Al ...

DUBAI / WAM DMSat-1, the emirate’s first nanometric environmental satellite, developed by Dubai Municipality in collaboration with the Mohammed Bin Rashid Space Centre (MBRSC), reached its orbit 550 km above Earth, following its successful launch from the Baikonur Cosmodrome in Kazakhstan aboard the Soyuz 2.1a space rocket. The first signal from DMSat-1 was received at MBRSC’s mission control centre at ...

DUBAI / WAM Moro Hub (Data Hub Integrated Solutions LLC), a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (Dewa), deployed Google Cloud’s Anthos, from its first solar-powered Green Data Centre in the region. Google Anthos is a hybrid and multi-cloud platform designed to enable cloud migration, application moderni- -sation, multi-cloud, and hybrid cloud management. ...