Charting the Global Economy: US Job Growth Exceeds Projections
This content was published on
(Bloomberg) — Employers in the US boosted payrolls in April by more than projected after an even bigger increase a month earlier, suggesting the labor market may be gaining momentum after near-zero job growth last year.
Private Equity Taps Junk Market for Dividends as Exits Stall
This content was published on
(Bloomberg) — Private equity firms are once again tapping the European junk debt market to pay themselves dividends as market volatility fueled by the Iran war and AI anxiety limits their ability to cash out.
Stocks Hit Record High on Jobs as Chipmakers Surge: Markets Wrap
This content was published on
(Bloomberg) — Signs of labor-market strength drove stocks to all-time highs, bolstering speculation that the world’s largest economy remains resilient in the face of an energy shock triggered by the Iran war.
Bitcoin Campaign to Force SNB Holdings Has Failed, Reuters Says
This content was published on
(Bloomberg) — Swiss crypto campaigners have abandoned a bid to require the central bank to hold Bitcoin after failing to collect enough signatures to trigger a plebiscite, Reuters reported.
Novo Nordisk’s Ozempic India Price Cut Boosts Obesity Drug Sales
This content was published on
(Bloomberg) — Novo Nordisk A/S saw a 40% surge in sales of its diabetes and weight-loss drugs in India last month, after steep price cuts boosted demand for its branded treatments even as generic GLP-1 therapies flood the market.
Hillhouse Is Said to Near Deal for Marsh’s Risk Adviser and Broker PCS
This content was published on
(Bloomberg) — Hillhouse Investment is nearing a deal to buy Mercer’s Private Client Services, an Asia-led business offering wealth protection and life insurance, according to people familiar with the matter.
Stocks Fall on Doubts Over Imminent US-Iran Deal: Markets Wrap
This content was published on
(Bloomberg) — A rally that drove stocks to record highs faltered and oil whipsawed as doubts resurfaced about an imminent US-Iran deal that would revive energy flows through the key Strait of Hormuz.
UBS China Banking Co-Head Sun to Leave Firm After 17 Years
This content was published on
(Bloomberg) — UBS Group AG’s co-head of China global banking plans to leave the firm after 17 years, according to a memo seen by Bloomberg News, the latest in a series of senior staff changes at investment banks in Asia.
Swiss Re Net Income Beats Estimates on Lower Catastrophe Claims
This content was published on
(Bloomberg) — Swiss Re AG posted declining revenue and new business volumes on Thursday, adding to signs of a cyclical downturn in the insurance industry.
UBS Fined €6 Million by Monaco Over Repeated Dirty Money Failures
This content was published on
(Bloomberg) — UBS Group AG was fined €6 million ($7 million) in Monaco over weak anti-money laundering controls, including filing a report 253 days after a suspicious transaction.
UBS CEO Ermotti Sees US Acquisition as Option for Growth
This content was published on
(Bloomberg) — UBS Group AG Chief Executive Officer Sergio Ermotti said he doesn’t exclude buying another firm as a way to boost the lender’s business in the Americas.
Evacuated Hantavirus Patients Reach Netherlands as Ship Sails On
This content was published on
(Bloomberg) — A cruise ship at the center of a deadly hantavirus outbreak has begun sailing toward Spain’s Canary Islands after evacuating three people, with two already arriving in the Netherlands for treatment, its operator said.
Hantavirus Ship Heads for Canary Islands as Patients Evacuated
This content was published on
(Bloomberg) — A vessel grappling with a deadly outbreak of hantavirus evacuated three people on Wednesday, including two in serious condition, and will head toward Spain’s Canary Islands to disembark the roughly 150 passengers still on board.
Stocks Hit All-Time Highs on Hopes War Is Near End: Markets Wrap
This content was published on
(Bloomberg) — Stocks climbed around the world, joining gains in bonds as oil retreated on hopes the US and Iran are nearing a deal to end a war that has jolted markets and clouded the economic outlook.
Swiss-EU Deal Needs Change of Constitution, Bern Lawmakers Say
This content was published on
(Bloomberg) — A deal revamping Swiss relations with the European Union requires a constitutional amendment, according to a panel of lawmakers whose views hint at the hurdles the agreement will face.
Novo Sees Generic Ozempic Delayed in China Until Next Year
This content was published on
(Bloomberg) — Novo Nordisk A/S expects generic Ozempic to be delayed in China until next year, a positive step for the drugmaker as it battles to keep its share of the global obesity market.
Stocks Rise to Record and Oil Falls as Truce Holds: Markets Wrap
This content was published on
(Bloomberg) — Relative calm returned to global markets, with stocks rising and oil falling as signs that a US-Iran ceasefire is still in place reduced fears about a full-scale war that could hamper the economic outlook.
Cruise Ship Outbreak Points to Hantavirus Spreading Among Humans
This content was published on
(Bloomberg) — The cruise ship where a handful of passengers contracted a rare respiratory virus, stranding hundreds aboard, will travel to the Canary Islands once two ill crew members are medically evacuated, the World Health Organization said, adding it suspects limited transmission between passengers.
UBS Withholding 22,000 Pages in Nazi Accounts Probe, Investigator Says
This content was published on
(Bloomberg) — UBS Group AG is withholding more than 22,000 pages of documents from an independent probe into Credit Suisse’s handling of Nazi-linked accounts because the bank says they are legally privileged, the lawyer overseeing the investigation has told a US Senate committee.
