Deutsche Bank Flags Commercial Property as Risk After Hit
Deutsche Bank AG suffered a dent in its exposure to commercial real estate and highlighted that the asset continues to be a problem for it.
Information
Thailand Holds Key Rate to Support Economy Amid Oil Shock
The Bank of Thailand left its benchmark interest rate at a near four-year low, focusing for now on supporting the economy from the drag of the war in Iran rather than its potential inflationary impact.
Information
A second China shock is hitting Europe. These stocks are most vulnerable, strategist says.
The rerouting of China’s hi-tech electronics and computer equipment will materially erode margins for U.K. and European companies, even if they erect trade barriers themselves.
Information
Global oil contract tops $110 after reports that Trump unhappy with proposal from Iran to end war
Brent crude futures for June delivery climbed to about $111 a barrel as the endpoint of the conflict remains unclear
Ping An Profit Falls as Market Decline Hurts Investment Returns
Ping An Insurance (Group) Co. said profit fell 7.4% in the first quarter, as declines in China’s stock market dented investment returns.
Barclays Reports £66 Billion Exposure to Non-Bank Lending
Barclays Plc laid out its £66 billion ($89.2 billion) of structured financing exposure to non-banks, becoming the latest lender to make disclosures in an area that’s unnerved investors lately.
Europe Spent €10 Billion on Iran Energy Shock Aid, Bruegel Says
European Union states have committed over €10 billion ($11.7 billion) to shield consumers and businesses as the Iran war drives up energy prices, according to the Bruegel think tank.
Hedge Fund Short Covering Fuels Demand in $5 Billion CATL Deal
Hedge funds bought the bulk of the shares in Contemporary Amperex Technology Co. Ltd.’s $5 billion placement, with at least some of the demand driven by traders seeking to cover short positions on the battery maker’s Hong Kong-listed shares, according to people with knowledge of the matter.