Showing 1 - 10 of 48
Chinese imports of Russian oil at post-invasion high
AFP, Published on 20/06/2023
» BEIJING: Chinese imports of Russian oil last month hit their highest level since Moscow's February 2022 invasion of Ukraine, customs data showed Tuesday, as Beijing offers an economic lifeline to an increasingly isolated Kremlin.
UBS set for 'bumpy' integration of Credit Suisse
AFP, Published on 12/06/2023
» ZURICH - UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.
US averts first-ever default with 11th-hour debt deal
AFP, Published on 02/06/2023
» WASHINGTON: United States senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
Markets tumble as Republicans threaten US debt deal
AFP, Published on 31/05/2023
» HONG KONG: Asian markets sank on Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.
Deal averting US default clears first hurdle
AFP, Published on 31/05/2023
» WASHINGTON: A deal to raise the US debt ceiling passed its first major test in Congress on Tuesday, surviving a crucial procedural vote amid a conservative backlash that resurrected the threat of the country's first-ever default.
Biden cuts deal in principle with Republicans to avert catastrophic US default
AFP, Published on 28/05/2023
» WASHINGTON - US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.
Swiss parliament fumes over Credit Suisse collapse
AFP, Published on 12/04/2023
» BERN (SWITZERLAND) - The Swiss parliament voiced its fury on Tuesday at the collapse of Credit Suisse and how the rules intended to prevent such a major bank from getting itself into trouble completely failed.
US risks debt default as soon as July: budget office
AFP, Published on 16/02/2023
» WASHINGTON - The United States risks defaulting on payment obligations as soon as July, if lawmakers fail to resolve a gridlock and raise the federal borrowing limit, according to Congressional Budget Office estimates Wednesday.
Germany's Scholz arrives in China to boost economic ties
AFP, Published on 04/11/2022
» BEIJING: German Chancellor Olaf Scholz arrived in Beijing Friday seeking to bolster a vital economic relationship but facing criticism about his country's heavy reliance on a nation growing more authoritarian under Xi Jinping.
Jeremy Hunt: softly-spoken survivor takes on hardest role
AFP, Published on 14/10/2022
» LONDON: Newly appointed UK finance minister Jeremy Hunt is a mild-mannered political survivor who will require all of his considerable experience to calm an economy and government beset by chaos.