Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses

Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse is seeing a sharp reduction in client outflows, as the embattled Swiss lender progresses with its major strategic overhaul, new CEO Ulrich Koerner told CNBC on Wednesday. The bank … Read more

Mortgage demand jumps, as interest rates drop to lowest in months

Mortgage demand jumps, as interest rates drop to lowest in months

The Good Brigade | Digitalvision | Getty Images Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion. Mortgage application volume jumped nearly 28% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average … Read more

Putin could be ready to announce a second mobilization drive

Putin could be ready to announce a second mobilization drive

Russian President Vladimir Putin poses as he delivers a New Year’s address to the nation at the headquarters of the Southern Military District in Rostov-on-Don on December 31, 2022. Mikhail Klimentyev | Afp | Getty Images Russian President Vladimir Putin could be ready to announce another mobilization round, as Russia looks to bolster its armed … Read more

Asia-Pacific shares trade higher, BOJ makes no change to yield range

Asia-Pacific shares trade higher, BOJ makes no change to yield range

Bank of Japan’s Kuroda: No need to further expand bond target band Bank of Japan’s governor Haruhiko Kuroda said in an afternoon press conference on Wednesday that there is no further need to expand its yield curve control range, according to a Reuters translation. “We don’t need to further expand the band around our yield … Read more

A promising new Covid pill shows key advantages over Paxlovid in trial

A promising new Covid pill shows key advantages over Paxlovid in trial

A staff member sorts medicines at a pharmacy in Huai ‘an, China on Dec. 10, 2022. CFOTO | Future Publishing | Getty Images A new antiviral pill for Covid was found to be as effective as Paxlovid at curbing mild to moderate illness among people at high risk of severe disease in a Phase 3 … Read more

It's going to take several months for Covid to work through China, says AEI's Scissors – CNBC Television

It's going to take several months for Covid to work through China, says AEI's Scissors – CNBC Television

It’s going to take several months for Covid to work through China, says AEI’s Scissors  CNBC Television The near term will be bumpy for China, but the zero-Covid policy won’t make a comeback, analyst says  CNBC International TV The geopolitical implications of China ending its zero-Covid policy  CNBC Television China needs to ‘stay in front’ of COVID to … Read more

U.S. considers airline wastewater testing as Covid surges in China

U.S. considers airline wastewater testing as Covid surges in China

An Air China Boeing 747-8 makes its final approach landing at New York John F. Kennedy International Airport on Jan. 23, 2020. Nicolas Economou | Nurphoto | Getty Images As Covid-19 infections surge in China, the U.S. Centers for Disease Control and Prevention is considering sampling wastewater taken from international aircraft to track any emerging new variants, … Read more

South Korea inflation, China reopening

South Korea inflation, China reopening

Yamaguchi emerging as candidate for next Bank of Japan governor: Sankei Former Bank of Japan deputy governor Hirohide Yamaguchi is emerging as a candidate to lead the central bank, Japanese local media Sankei reported, citing people familiar with the matter. Yamaguchi, who held the deputy position at the central bank until 2013, has been a … Read more