As global costs soar, Japan’s ‘shrinkflation’ gets harder to swallow

It was a chocolate biscuit that turned Masayuki Iwasa, a self-professed penny-pincher with a sweet tooth, into one of Japan’s most scrupulous chroniclers of “shrinkflation”. Having sworn off his favourite Chocoliere tartlets for a decade after Bourbon Corp (2208.T) reduced the package size, the newspaper delivery man and part-time stock trader was spurred to action […]

Continue Reading

Swiss watchdog seeks more tools to go after bad bankers

The chairperson of Switzerland’s financial watchdog has called for more power to punish wayward bankers after a string of scandals tarnished the sector’s international reputation. Marlene Amstad, head of the Swiss Financial Market Supervisory Authority’s (FINMA) board of directors, told the SonntagsZeitung paper the agency would welcome new tools to hold bankers accountable for the […]

Continue Reading

Amid Evergrande crisis, more Chinese developers to issue ABS

Some of China’s major property developers are planning to issue asset-backed securities in the near term, a further sign that regulators are marginally broadening financial channels for developers amid Evergrande’s debt crisis. China Evergrande (3333.HK), wrestling with debts of more than $300 billion, said on Friday that there was “no guarantee” it would have enough […]

Continue Reading

Bukele steps up El Salvador’s bet on sliding bitcoin; buys another 150 coins

El Salvador President Nayib Bukele said the Central American country had acquired an additional 150 bitcoins after the digital currency’s value slumped again, enlarging his bet on the cryptocurrency despite criticism. Bitcoin, the world’s biggest and best-known cryptocurrency, is down about 30% from the year’s high of $69,000 on Nov. 10. Bukele said last week […]

Continue Reading