Credit Suisse fires employees

Source: Dukascopy Bank SA
Reuters has revealed that Credit Suisse intends to lay off 80% of its employees of the Hong Kong investment banking unit.
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Tue, 08 Aug 2023 10:30:03 GMT

Mr. Yen comments on intervention

Eisuke Sakakibara, who is known as Mr Yen due to his interventions in the Forex market as he served as Vice Finance Minister of Japan, has stated that the Japanese government is unlikely going to intervene in the currency market.

Tue, 08 Aug 2023 06:30:04 GMT

China addresses local debt

The Chinese government has announced measures that would reduce municipal government debt by issuing bonds, swapping debt and rolling over loans.

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