TSMC (TSM.N) says it is checking to ensure its chips do not end up in inventories.

UBS has hired former Goldman Sachs MD Takehiro Sakuramoto as head of Japan debt capital markets, aiming to rebuild its presence in the Japanese corporate bond market, an internal memo shows. Sakuramoto joined UBS Japan’s local investment bank on Thursday and will pursue underwriting mandates for corporate bond issuance, with an initial focus on foreign-currency bonds. He previously ran DCM at Goldman’s Tokyo office and is at least the fourth senior Goldman banker to join UBS Securities Japan in the past ten months; he also earlier worked in UBS’s capital markets team and at Morgan Stanley.

Swiss National Bank said slowing global economic momentum over the next few quarters could weigh on Swiss growth.