Belgium investigates Credit Suisse over hidden accounts

Economy7 hours ago (Aug 24, 2020 09:40AM ET) (C) Reuters. Logo of Swiss bank Credit Suisse is seen Zurich BRUSSELS (Reuters) – Belgian prosecutors have launched an investigation into whether Swiss bank Credit Suisse (S:CSGN) helped some 2,650 Belgians hide their accounts from tax authorities. The investigation by federal prosecutors is at the information-gathering stage […]

Brazil’s GDP probably crumbled 9.4% in second quarter under coronavirus spread, Reuters poll shows

Coronavirus7 hours ago (Aug 24, 2020 09:25AM ET) (C) Reuters. FILE PHOTO: Maersk containers are seen at the Port of Santos By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s economy likely cratered 9.4% under the impact of the coronavirus outbreak in the country during the second quarter, the worst three-month period ever, a Reuters poll […]

China will step up technology innovation to drive growth: President Xi

Economy9 hours ago (Aug 24, 2020 07:40AM ET) (C) Reuters. Chinese President Xi Jinping attends the closing session of NPC in Beijing BEIJING (Reuters) – China will step up technology innovation to drive high-quality growth through mobilizing national resources and bringing in world class research teams, President Xi Jinping said on Monday, according to the […]

Safe bet? Sovereign funds rethink once-reliable real estate

5/5 (C) Reuters. FILE PHOTO: Empty offices are seen as the spread of the coronavirus disease (COVID-19) continues, in London 2/5 By Tom Arnold LONDON (Reuters) – The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable. With prime office blocks lying empty around the world, hotels half-vacant and retailers struggling to […]

Battle-scarred creditors call for reforms from LatAm default duo

(C) Reuters. By Tom Arnold and Rodrigo Campos LONDON/NEW YORK (Reuters) – As serial defaulters Argentina and Ecuador near the finishing line on their latest sovereign debt overhauls, foreign creditors are nervy about investing again without macroeconomic reforms and International Monetary Fund support. On the surface, the prospects for both countries look brighter. Absent complicated […]

U.S. Recession Likely to End Late 2020 or 2021, NABE Survey Says

Forex16 hours ago (Aug 24, 2020 12:27AM ET) (C) Bloomberg. A person rides a bicycle near an empty street in downtown Brownsville, Texas, U.S., on Thursday, July 30, 2020. The Rio Grande Valley, a four-county region that stretches across Texas’s southernmost tip, remains one of America’s most afflicted areas, with the highest hospitalization rates, deaths […]