UBS wants to avoid using backstop

Source: Dukascopy Bank SA
Financial Times has reported that UBS Group AG intends to avoid the usage of the $10 billion Credit Suisse government backstop.
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Wed, 05 Jul 2023 06:30:05 GMT

Asian factory output declines

Various survey results for June have revealed that manufacturing has been declining in most Asian countries. In addition, a slowdown of growth has occurred in China.

Tue, 04 Jul 2023 12:30:04 GMT

Chinese factory activity slows down

The Caixin Purchasing Managers Index data has revealed that in June factory activity declined in China, compared to May.

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