(Reuters) - Ulrich Korner, the final CEO of Credit Suisse, is set to leave UBS in the coming weeks, the Financial Times reported on Monday.
UBS took over Credit Suisse in a government-backed rescue last year in what was the biggest merger of banks of systemic importance since the 2007-2009 financial crisis.
Korner, who was appointed CEO of Credit Suisse during turbulent times in 2022, joined the board of UBS after the takeover.
... (continue reading...)By Mikhail Flores
LAOAG, Philippines (Reuters) - U.S. and Philippine armed forces fired missiles and artillery to thwart a simulated invasion in the Philippines' northern waters facing Taiwan on Monday, in a show of military force and strengthening ties as regional tensions rise.
About 200 soldiers took turns defending the shores of the coastal city of Laoag in Ilocos province, launching Javelin missiles and firing howitzers and machine... (continue reading...)
(Reuters) - Canadian airline WestJet Group has reached a tentative agreement with the union representing its maintenance engineers to avert work stoppage, the two parties said in a joint statement on Monday.
(Reporting by Dagmarah Mackos; Editing by Nivedita Bhattacharjee)
JERUSALEM (Reuters) -Israel's armed forces have begun evacuating Palestinian civilians from Rafah ahead of a threatened assault on the southern Gazan city, an Israeli broadcaster said on Monday.
The military gave no immediate confirmation of the report on Army Radio.
According to the report, the evacuations were now focused on a few peripheral districts of Rafah, from which, it said, evacuees would be directed to tent cities in nearby Khan... (continue reading...)
A look at the day ahead in European and global markets from Rae Wee
European markets will be waking up to a fairly quiet session with London closed for a holiday and little on the economic calendar to stand in the way of the latest rate-cut rally.
Investors will be hoping the rise in risk appetite following Federal Reserve Chair Jerome Powell's relatively dovish steer on the U.S. interest rate outlook continues this week, after Wall Street... (continue reading...)
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