Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors,to be revealed this week.
The increased likelihood that Donald Trump will regain the US presidency is a threat to Xi Jinping’s factory-led strategy for restructuring China’s economy.
Copper is shaping up as a star for the mining giant,as it edges closer to making a final call on its nickel business in West Australia.
The Australian economy continues to grapple with sustained inflation across a range of categories,with food prices tracking at 8 per cent in the March quarter.
Tens of thousands of jobs are at risk across the world,including in Australia,with the cuts set to start next month,
On the whole,Australians are still bullish on spending. But retailers are being warned the game has changed.
Sergio Ermotti fixed Switzerland’s biggest bank after it fell victim to the last financial crash. Now he is being asked to do it all over again.
Swiss authorities imposed curbs on bonus payments for Credit Suisse employees,a move that will penalise bankers after a multi-billion-franc state rescue of the bank.
Bets on a US Federal Reserve 50 basis point rate rise at the start of the month have been dramatically altered by the collapse of two mid-sized US banks and troubles at Credit Suisse.
A key element of Credit Suisse’s ‘rescue’ was a Swiss regulator’s decision to declare $26 billion of the bank’s bonds worthless. Other central banks are scrambling to distance themselves.
For decades,Switzerland has sold itself as a haven of legal certainty for bond and equity investors. The collapse of Credit Suisse has raised some hairy questions.