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Vietnam stock slump second worst to China after Lunar New Year

Bloomberg For Vietnamese stock investors, the return from the Lunar New Year break has been almost as bad as for their Chinese counterparts. Mounting concerns that trade disruptions caused by the coronavirus outbreak will have a deep impact on the Southeast Asian nation have pushed the benchmark VN Index down more than 6% since January 30. That’s the world’s worst ...

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Virus ‘wildcard’ threatens to drag central banks into action

Bloomberg Global central bankers are biding their time as the coronavirus fallout reverberates through the world economy, which they had hoped was stabilising after its worst year since the financial turmoil of 2009. While yet to respond with major stimulus, monetary policy makers across the globe have expressed concern and signalled a willingness to act if the virus delivers a ...

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Credit Suisse investors urge chairman Rohner to back Thiam or quit

Bloomberg The power struggle at Credit Suisse Group AG escalated as two top shareholders urged Chairman Urs Rohner to leave unless he publicly supports Chief Executive Officer Tidjane Thiam in the wake of a spying scandal. David Herro, who helps oversee the investments of Credit Suisse largest shareholder Harris Associates, accused Rohner of “trying to push Mr Thiam out of ...

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