Showing 71-80 of 3,082 results
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Yellen says banking stabilising, US may intervene more if needed
AFP, Published on 22/03/2023
» WASHINGTON - The United States banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' conference Tuesday, as leaders seek to calm global worries.
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US stocks tumble after Fed rate hike, concerns on economy
AFP, Published on 23/03/2023
» NEW YORK - Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.
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Credit Suisse collapse leaves sports sponsorships in limbo
AFP, Published on 23/03/2023
» GENEVA - The takeover of Swiss bank Credit Suisse leaves many sports stars, teams and tournaments with a big question mark hanging over their lucrative sponsorship deals.
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After Fed, European central banks hike rates
AFP, Published on 23/03/2023
» LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.
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Credit Suisse says it will borrow up to $53.7bn from central bank
AFP, Published on 16/03/2023
» ZURICH: Credit Suisse announced Thursday that it would borrow almost US$54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices.
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ECB sticks to planned rate hike despite turmoil
AFP, Published on 16/03/2023
» FRANKFURT: The European Central Bank stuck to a planned interest rate increase on Thursday as it remained laser-focused on battling sky-high inflation despite market turmoil over fears of a widening banking crisis.
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Credit Suisse bounces back but investors cautious
AFP, Published on 16/03/2023
» ZURICH: Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.
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European stocks rebound as Credit Suisse grabs lifeline
AFP, Published on 16/03/2023
» LONDON: European stock markets rebounded slightly on Thursday after troubled banking giant Credit Suisse secured a big financial lifeline and before a crucial interest-rate decision by the European Central Bank.
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Crypto-linked bank failures fuel regulation debate
AFP, Published on 17/03/2023
» LONDON: The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.
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Microsoft seeks EU nod for Activision Blizzard bid
AFP, Published on 17/03/2023
» BRUSSELS: Microsoft said on Friday that it has offered formal commitments to the EU in its bid to persuade the bloc to approve its $69-billion takeover of the video game giant Activision Blizzard.
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