WTO forecasts rebound in global trade but keeps geopolitical risks in focus
The World Trade Organization said Wednesday that it expects global trade to rebound gradually this year before rising further in 2025 as the impacts of higher inflation fall into the rearview mirror.
UBS to face tougher rules in Swiss response to Credit Suisse rescue
Switzerland’s government said UBS and three other systemically relevant banks must face tougher capital requirements to shield the country’s wider economy.
Tesla’s Musk to meet Modi in India and announce investment plans: Reuters
The billionaire will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources.
Bernanke Review: How the former Fed boss could shake up the Bank of England
The Bank of England will on Friday publish a long-awaited review by former Federal Reserve Chair Ben Bernanke that could lead to significant changes in its policymaking.
TSMC posts fastest monthly revenue growth since 2022 on AI chip boom
TSMC posted a surge in revenue in March as it cashes in on a continuing artificial intelligence boom powered by high-end chips.
Fitch cuts China’s ratings outlook on growth risks
Fitch cut its outlook on China’s sovereign credit rating to negative on Wednesday, citing risks to public finances as the economy faces increasing uncertainty.
Vietnam aims to start work on high-speed rail lines to China by 2030
This came after Vietnam and China signed dozens of cooperation agreements, including on railways, during a visit to Hanoi by Chinese President Xi Jinping.
Microsoft and NetEase to re-launch Warcraft game in China, ending feud
A number of popular online games developed by Blizzard were taken offline in China last year after the company terminated its partnership with NetEase.
Dow closes 400 points lower Wednesday as hot consumer inflation report incites selloff: Live updates
Stocks tanked after March inflation data came in hotter than expected, likely pushing off interest rate cuts investors have been expecting.
China needs a narrative that house prices are going to rise, Nomura’s Koo says
China needs to convince people that home prices are on their way up in order for growth to pick up, said Richard Koo, chief economist at Nomura.
