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Credit Suisse sees central bank cash as buying time for overhaul- executive tells SRF
ZURICH (Reuters) - Credit Suisse sees its access to 50 billion Swiss francs ($53.98 billion) of central bank funding as "precautionary liquidity" to allow the embattled lender to continue its revamp, ...
Syndicated Content Mar 17, 2023
Global turmoil makes Australian banks’ refinancing mountain a harder climb
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) - An A$300 billion ($201.21 billion) refinancing task for Australia's biggest banks is about to get harder, say analysts, as appetite for new debt s...
Syndicated Content Mar 17, 2023
Baidu wins permit to offer driverless robotaxi service in Beijing city
SHANGHAI (Reuters) - Chinese search engine giant Baidu said on Friday it had won a permit to provide a fully driverless ride-hailing service in the Chinese capital of Beijing. With the permit, Baidu's...
Syndicated Content Mar 17, 2023
Philippine central bank revises 2023 current account projection
MANILA (Reuters) - The Philippine central bank said on Friday it expects a current account deficit of $17.1 billion for 2023, equivalent to 4% of gross domestic product, taking into account subdued gl...
Syndicated Content Mar 17, 2023
Analysis-UK businesses mull moving cash after SVB chaos
By Iain Withers, Elizabeth Howcroft and Martin Coulter LONDON (Reuters) - British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of U.S. tech lender Sil...
Syndicated Content Mar 17, 2023
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
BENGALURU (Reuters) - Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion. PhonePe, already India's ...
Syndicated Content Mar 17, 2023
Marketmind: Support for troubled banks calms markets
A look at the day ahead in European and global markets from Anshuman Daga The week-long rollercoaster ride for global markets turned calmer and a little more positive on Friday as investors heaved a s...
Syndicated Content Mar 17, 2023
Baidu’s Hong Kong shares rebound as users test ChatGPT-like Ernie bot
By Eduardo Baptista and Jason Xue BEIJING/SHANGHAI (Reuters) - Hong Kong-listed shares in China's Baidu rebounded 15.7% on Friday as users told of their experiences with the Ernie bot, recouping losse...
Syndicated Content Mar 17, 2023
Australia report calls for tax, migration reforms as productivity stalls
SYDNEY (Reuters) - Australia's Productivity Commission called on the federal government on Friday to improve tax and migration systems, remove import tariffs and secure net-zero carbon emissions at th...
Syndicated Content Mar 17, 2023
Volkswagen to invest in mines in bid to become global battery supplier
By Victoria Waldersee BERLIN (Reuters) - Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker's boar...
Syndicated Content Mar 17, 2023
Peoria, IL, USA
55 °F Sunny
