Thursday , 18 December 2025

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Sweden’s Riksbank needs broader mandate: Minister

Bloomberg The finance minister of Sweden wants her country’s central bank to take more factors into account than just inflation, when setting monetary policy. In Stockholm, Magdalena Andersson spoke in favour of having more explicit growth and employment targets for the Riksbank. They should be “clearer” goals in monetary policy, she said. Sweden’s central bank has been targeting inflation since …

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Credit Agricole’s profit, revenue miss estimates over Italian business slump

Bloomberg Credit Agricole SA posted bigger-than-expected declines in profit and revenue in the first quarter as weakness at its key Italian business overshadowed resilient trading income. Underlying revenue in Italy, Credit Agricole’s second-biggest retail market, declined 3.9% as volatile markets weighed on fees. Chief Executive Officer Philippe Brassac has targeted consumer banking in the country as an area of growth …

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UOB aims 50% revenue rise from outside Singapore

Bloomberg United Overseas Bank (UOB) plans to increase portion of revenue it gets from outside its ho-me market of Singapore to about 50% by 2021, despite forecasting a challenging year ahead. “For 2019, market volatility is expected to remain,” Chief Executive Officer Wee Ee Cheong told analysts and investors in Singapore on Wednesday. “Geopolitics, rising global trade tensions and concern …

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