Category Archives:
Spanish banks’ exposure to Credit Suisse well below 1 billion euros, source says
MADRID (Reuters) - Spanish banks' exposure to Swiss lender Credit Suisse is immaterial and lower than 1 billion euros ($1.06 billion), a source with knowledge of the matter said on Thursday. "The tota...
Mar 16, 2023
Decarbonisation centre starts 5-yr partnership with container shipper MSC
SINGAPORE (Reuters) - The Global Centre for Maritime Decarbonisation (GCMD) and MSC Mediterranean Shipping Company (MSC) on Thursday said they have signed a five-year agreement to work on decarbonisin...
Mar 16, 2023
Jefferies sees softer impact of Credit Suisse crisis on India
(Reuters) - India's banking sector will likely have a softer impact from the troubles at Credit Suisse, given the Swiss lender's relatively small presence in the country, equity analysts at Jefferies ...
Mar 16, 2023
S&P says SVB fallout won’t lead to rating actions on APAC banks
(Reuters) - Ratings agency S&P on Thursday said the fallout from Silicon Valley Bank's collapse may not lead to any rating actions on Asia-Pacific banks as they are well placed to absorb potential con...
Mar 16, 2023
Bank Indonesia leaves rates unchanged, uses FX intervention amid market turmoil
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia's central bank has and will continue to intervene in the currency market amid volatility linked to the closure of some U.S. banks, i...
Mar 16, 2023
Credit Suisse shares leap 35% as markets cheer lifeline
By John Revill and Amanda Cooper ZURICH/LONDON (Reuters) - Credit Suisse shares soared by over 35% in premarket trading on Thursday, while the value of its bonds soared after the company secured a $54...
Mar 16, 2023
Wall Street analysts see direct economic growth hit from SVB fallout
(Reuters) - The crisis in small and mid-sized banks in the United States after the swift downfall of SVB Financial Group could further slow down the struggling economy and raises the probability of a ...
Mar 16, 2023
‘Omurice’, comfort food for Japanese and Koreans, a symbol of warmer ties
By Kantaro Komiya TOKYO (Reuters) - Nearly everything about South Korean President Yoon Suk Yeol's first summit with Japanese Prime Minister Fumio Kishida in Tokyo will be scrutinised for signs of war...
Mar 16, 2023
Chinese search giant Baidu introduces Ernie Bot, shares tumble 10%
By Eduardo Baptista BEIJING (Reuters) - Baidu on Thursday unveiled its much-anticipated artificial intelligence-powered chatbot known as Ernie Bot, with its CEO saying that it was the culmination of t...
Mar 16, 2023
Didi to expand services in China after regulators end probe
By Josh Ye HONG KONG (Reuters) - Chinese ride-hailing company Didi Global plans to expand services and offer more subsidies to passengers and drivers, it said on Thursday, looking to shore up its busi...
Mar 16, 2023
Peoria, IL, USA
52 °F Partly cloudy
