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PBOC Expands Warning on Bond Investments to Regional Banks
China’s central bank has advised some regional lenders to curtail their ultra-long bond investments to mitigate risks, people familiar with the matter said.
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Indian Bourse’s Shares Tank as $20 Million Sought in Option Fees
Shares of BSE Ltd. plunged as much as 19% on Monday, their biggest intraday decline on record, after India’s markets regulator requested it pay back-pay fees charged on derivatives contracts.
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Atos Boosts Cash Needs to €1.7 Billion, Seeks to Cut More Debt
Embattled French IT services company Atos SE raised the amount of cash it is seeking to €1.7 billion ($1.8 billion) from €1.2 billion previously and wants to cut its debt further in an update to its rescue plan.
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Sweden’s Economy Keeps Shrinking for a Fourth Straight Quarter
Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
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Japan’s Kanda Says ‘No Comment for Now’ When Asked If Intervened
Japan’s top currency official declined to comment on whether Tokyo had intervened in the currency market Monday following a sharp move in the market that sliced 2% off the dollar-yen exchange rate.
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Ambani’s Jio Financial Plans to Tap StanChart Executive as Unit CEO
Billionaire Mukesh Ambani’s new financial services firm plans to tap Standard Chartered Plc’s India country manager as its chief executive officer of one of its units, according to people familiar with the matter, as it seeks to entrench itself in a nation where demand for credit is growing rapidly.
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Philips Settles Sleep Apnea Claims in the US for $1.1 Billion
Royal Philips NV will book provisions of €982 million ($1.1 billion) as part of a planned settlement in the US to compensate claims following a recall of medical equipment that treats sleep apnea.
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BBVA CEO Lifts Profit Outlook After Strong First Quarter
Banco Bilbao Vizcaya Argentaria SA raised its profit guidance for 2024 after it beat estimates in the first quarter.
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Spain Poised to Find Out If Sanchez Will Quit as Prime Minister
Spanish Prime Minister Pedro Sanchez plans to say on Monday whether he’ll quit, raising the threat of worsening uncertainty and political gridlock in Madrid.
