Luxury shoppers in the United States are curtailing purchases of high-end fashion and leather goods, LVMH's first-quarter sales report showed, adding to evidence that a strong, months-long, post-pandemic splurge may be ending.
Japan, France and India will announce a new platform for creditors to coordinate restructuring of Sri Lanka's debt, Japanese Finance Minister Shunichi Suzuki said on Wednesday, adding it would be "very nice" if China were to join the effort.
World Bank President David Malpass on Thursday said he hoped Zambia's creditors, including China, would sign a memorandum of understanding on its debt restructuring this week or next.
UBS Group AG is considering retaining Credit Suisse Group AG's private banking unit in India after the emergency rescue of its smaller rival last month, Bloomberg News reported on Wednesday citing people familiar with the matter.