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Euro and pound hold gains, stocks mostly rise as rate fears ease
Euro and pound hold gains, stocks mostly rise as rate fears ease
Business and Economy
by  AFP

The euro, pound and yen all held their gains against the dollar Thursday and most equities rose as traders grow increasingly hopeful the Federal Reserve will slow its pace of interest rate hikes. And on Thursday the euro held above parity with the greenback, a day after breaking the marker for the first time since last month and ahead of an expected European Central Bank rate hike.

Transgender Thai media mogul buys Miss Universe pageant
Transgender Thai media mogul buys Miss Universe pageant
World
by  AFP

A Thai media mogul and transgender rights campaigner has bought the firm that runs Miss Universe pageants for $20 million, according to a company announcement. The next Miss Universe pageant is scheduled for the US city of New Orleans next January.

In eastern Ukraine, the plight of another Volodymyr Zelensky
In eastern Ukraine, the plight of another Volodymyr Zelensky
World
by  AFP

When occupying Russian forces came knocking on doors in his small village in east Ukraine in late April to check the identities of residents, 64-year-old retiree Volodymyr Zelensky was terrified. Zelenska returned home after Kyiv's forces expelled the Russians from the village late last month.

Credit Suisse launches radical overhaul to stabilise bank
Credit Suisse launches radical overhaul to stabilise bank
Business and Economy
by  AFP

Credit Suisse announced a radical series of measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking unit, 9,000 job layoffs and raising fresh capital. The announcement came as the bank unveiled a third quarter net loss of $4.034 billion Swiss francs.

Hong Kong finance chief contracts Covid ahead of banking summit
Hong Kong finance chief contracts Covid ahead of banking summit
World
by  AFP

Hong Kong's finance chief could have to miss an upcoming global banking summit in the city, after his office revealed Thursday he had tested positive for the coronavirus. Global banking chiefs will have a taste of Hong Kong's existing pandemic curbs next week at the summit in the Four Seasons hotel, although certain rules will be relaxed.