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Russia says annexed zones’ borders not set as Ukraine gains

  Bloomberg Its forces losing ground by the day to Kyiv’s counteroffensive, Russia said it still hasn’t finalized the borders of two of the four regions of Ukraine that President Vladimir Putin last week claimed as his own. “As for Kherson and Zaporizhzhia, we will continue to consult with the people who live in those regions,” Kremlin spokesman Dmitry Peskov ...

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Credit Suisse CEO seeks to calm as default swaps near 2009 level

  Bloomberg Credit Suisse Group AG’s new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel like a long time. The cost of insuring the firm’s bonds against default climbed about 15% last week to levels not seen since 2009 as the shares touched a new record low. ...

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Philippine peso may fall to an all-time low

Bloomberg The Philippine peso may extend its record-setting slump against the greenback as billions of dollars of trade deficits weigh on the currency, increasing pressure on the central bank to intervene to slow its descent. The peso may slide to an all-time low of about 62 against the dollar as early as this year, about 4.8% weaker than Monday’s close, ...

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