Five Things You Need to Know to Start Your Day

Five Things You Need to Know to Start Your Day

Credit Suisse investment-bank chief will depart. China delays GDP data release. UK shelves tax cuts. Here’s what you need to know today.

Credit Suisse is considering a sale of its US asset-management business, and the firm’s investment-bank chief is set to depart, as the company nears a strategy revamp. Abu Dhabi and Saudi Arabia are considering whether to put money into Credit Suisse’s investment arm and other businesses to take advantage of depressed values.

China delayed the publication of third-quarter GDP data right before its scheduled release on Tuesday, without providing any reason or a new date. Some analysts saw the unexpected move as an attempt not to divert attention away from the ongoing Communist Party summit. Still, the lack of explanation could lead to cautious sentiment and fuel investor uncertainty to already vulnerable financial markets.

Chinese President Xi Jinping’s fiery Taiwan rhetoric is raising the risk of war. His vow that China can realize unification with the island “without a doubt” got some of the loudest applause from the 2,400 delegates at his party congress speech on Sunday, reflecting growing nationalistic fervor. Secretary of State Antony Blinken said on Monday that China has made a decision to seize Taiwan on a “