The recent Japanese first quarter GDP data has revealed that the Japanese economy has emerged from the recent minor recession and grown by 1.6%.
Home prices in China have continued to grow in April, as an increase of +0.4% has been reported. However, the pace of growth has slowed down compared to 0.5% in March.
UBS Group AG has revealed in a regulatory filing that it was rushed into buying its rival Credit Suisse Group in an unwanted deal.
The ex-CEO of Frist Republic Bank Michael Roffler has stated that the collapse of the bank occurred due to contagion from other banks not strategy, liquidity or bank's management.
UBS Group AG has revealed that it expects to take a loss of $17 billion due to the takeover of Credit Suisse.
The Chief Executive Officer of Tesla Elon Musk has warned investors that the company would not be immune to the upcoming tough economy.
The US Treasury Secretary Janet Yellen has stated that a US default might trigger a recession and break the financial markets.
The European Union member states have given the final approval to the first set of crypto regulation rules in the world.
The US President Joe Biden and head of Congress Republicans Kevin McCarthy have revealed to have closed in on a deal to avoid the possible US sovereign default on June 1.
China's April economic data has revealed that the country's economic recovery has been slowing down. The recent data indicates that policymakers might implement more economic stimulus.
Berkshire Hathaway has disclosed that it has started to invest in Capital One Financial Corporation and Diageo Plc. Meanwhile, the fund has reduced stakes in Bank of New York Mellon Corp, US Bancorp, TSMC and RH.
Reuters has revealed that Elon Musk has implemented a new hiring policy at Tesla. The CEO intends to approve all hiring personally.
The US Treasury Department has revealed that the US government remains on track to default on June 1, unless the US President and Senators manage to make a deal on a solution.
The new CEO of Vodafone Margherita Della Valle has stated that the company would fire 11,000 employees over the span of next three years.
A recent recovery in the Canadian housing market indicates that inflation would remain persistent in the country. Persistent inflation would forbid the Bank of Canada from easing monetary policy.
The US Federal Trade Commission has been reportedly preparing to block Amgen's acquisition of Horizon Therapeutics. As a result of the announcement, the stocks of both companies became highly volatile.
The People's Bank of China has decided to keep interest rates unchanged. However, market commentators expects the central bank to ease its policy in the near term future to support economic recovery.
Recent publication of Japanese wholesale inflation has revealed that the pace of price increases has slowed down. The new data is expected to decrease pressure on the Bank of Japan to tighten policy.
Due to worries that high inflation is set to cause US monetary policy tightening the US Dollar has continued to gain value and this week hit a five-week-high level.
Tesla has announced another price increase for all of its vehicles. The company has been recently reverting its prior price cut policies.
The current CEO of Tesla and Twitter has announced that in six weeks a new female CEO would take over the management of Twitter. The Wall Street Journal has stated that the unrevealed CEO would be Linda Yaccarino of Comcast NBCUniversal.
The European Court of Auditors has announced that the European Central Bank has been lenient with supervising bank management of credit risk. Moreover, worst and highest risk cases have received the best treatment.
The US Treasury Secretary Janet Yellen has stated that it is uncertain when the US cash stores would run out. The current expectations point as early as June 1.
The Friday meeting of US President Joe Biden and US Senate lawmakers that would discuss the potential US default has been postponed to this week.