BLOOMBERG  Credit Suisse Group AG reported 61.2 billion francs ($69 billion) of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG in retaining key clients and assets after the emergency takeover of its biggest rival. The Swiss bank lost more than 200 billion francs ($224.77 billion) of ...

BLOOMBERG  Thailand’s central bank governor said the nation’s main political parties are trying to woo voters with policies that could undermine the country’s longer-term economic health. “Any policies that hurt fiscal discipline — creating moral hazard, destroying credit culture — need to be monitored as they can be risky,” Bank of Thailand Governor Sethaput Suthiwartnarueput told reporters when asked to ...

ABU DHABI / WAM  HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has praised Saudi Arabia for its crucial role in evacuating Emirati and other foreign citizens from Sudan to their country during a phone call with Prince Faisal bin Farhan bin Abdullah, the Minister of Foreign Affairs of the Kingdom. His Highness Sheikh ...