Low interest rates, cheaper oil helping eurozone recover: Societe Generale
French bank also allocating more capital to its Asian business.
SEEN from Singapore, the eurozone's economic situation seems pretty precarious - with regular headlines stoking up deflation and Grexit fears, and established political parties under threat.
But the region is actually improving, and helping many of the 19 nation economies are the low interest rates and low oil prices, says Societe Generale deputy chief executive Severin Cabannes.
The plunge in the euro is also positive, as it is boosting exports, said Paris-based Mr Cabannes in an interview with The Business Times.
In Singapore recently to meet with large corporates and financial institution…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in