Hong Kong leads Asian markets higher on Alibaba boost HONG KONG: Asian stocks were broadly up on Wednesday to buck losses on Wall Street, led by massive gains for Chinese... Published 29 Mar, 2023 09:12am
Business & Finance UniCredit gets ECB approval for 3.34bn euro share buyback MILAN: UniCredit said on Tuesday it had received supervisory approval to buy back its own shares for up to 3.34... Published 28 Mar, 2023 08:38pm
Markets Saudi National Bank chair resigns after Credit Suisse buyout RIYADH: The chairman of Saudi National Bank, which was the main shareholder of troubled lender Credit Suisse before... Published 27 Mar, 2023 01:53pm
Business & Finance Global bank watchdog vows to ‘learn lessons’ after turmoil PARIS: The Basel Committee on Banking Supervision, charged with worldwide oversight, said Thursday that it would... Published 27 Mar, 2023 07:28am
Business & Finance Credit Suisse could face disciplinary action, Swiss regulator says ZURICH: Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit... Published 27 Mar, 2023 07:26am
Business & Finance UBS-Credit Suisse deal may not lead to Swiss bliss GENEVA: The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown — but ... Published 27 Mar, 2023 06:15am
Business & Finance Japan inflation slows to 3.1% in February TOKYO: Japan’s consumer prices rose 3.1 percent in February from a year earlier, slowing from the four-decade highs... Published 24 Mar, 2023 11:24am
Markets UBS offers retention packages to Credit Suisse Asia wealth bankers HONG KONG: UBS promised retention packages to wealth-management staff in Asia at Credit Suisse, two people with... Published 24 Mar, 2023 10:37am
Business & Finance Global bank watchdog vows to ‘learn lessons’ after turmoil PARIS: The Basel Committee on Banking Supervision, charged with worldwide oversight, said Thursday that it would... Published 23 Mar, 2023 06:05pm
Markets Swiss sweat over size of new superbank ZURICH: The arranged marriage of UBS and Credit Suisse will create the biggest bank Switzerland has ever seen, with... Published 22 Mar, 2023 11:21am
Markets European stocks up PARIS: European shares rose nearly 1% on Tuesday, with banking stocks leading the recovery following a raft of... Published 22 Mar, 2023 06:24am
Markets Rupee makes minor gain against US dollar, settles at 283.92 Currency appreciates 0.04% in inter-bank market Updated 22 Mar, 2023 10:16am
Markets Switzerland’s secretive Credit Suisse rescue rocks global finance ZURICH: Days before a hastily convened press conference late on Sunday that would make the world’s front pages,... Published 21 Mar, 2023 10:48am
Markets China’s yuan weakens ahead of Fed rate decision HONG KONG: The yuan weakened on Tuesday, with investors uncertain if the US Federal Reserve will raise rates this... Published 21 Mar, 2023 10:02am
Business & Finance Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets Goldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign... Published 20 Mar, 2023 09:07pm
Business & Finance UBS mulls sweeteners to keep Credit Suisse wealth bankers LONDON: UBS Group AG told Credit Suisse wealth bankers it’s weighing financial sweeteners for them to stay as it... Published 20 Mar, 2023 07:37pm
Markets Credit Suisse shares slump over 61% in premarket trading after UBS deal LONDON/ZURICH: Shares in Credit Suisse dropped 61.95% in premarket trading in Zurich on Monday after rival UBS... Published 20 Mar, 2023 01:35pm
Markets French banks stable, Credit Suisse takeover deal welcome PARIS: Bank of France head Francois Villeroy de Galhau said French banks were stable and profitable and had good... Published 20 Mar, 2023 01:32pm
Markets Saudi National Bank strategy unaffected by hit to Credit Suisse investment DUBAI: Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit... Published 20 Mar, 2023 12:56pm
Markets UBS takeover of Credit Suisse: the main points ZURICH: The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of... Updated 20 Mar, 2023 03:27pm
Markets Asian stocks drop despite Credit Suisse buyout, central banks’ pledge HONG KONG: Asian equities sank Monday following a sell-off in New York as investors fret over the financial sector,... Published 20 Mar, 2023 12:17pm
Business & Finance Credit Suisse writes down $17 bln of bonds to zero, angering holders LONDON: Credit Suisse has written down its Additional Tier 1 bonds to zero as part of its takeoverby UBS, angering... Published 20 Mar, 2023 01:55am
World U.S. Treasury, Federal Reserve in touch with Swiss authorities after UBS deal to buy Credit Suisse WASHINGTON: The U.S. Federal Reserve and the Treasury Department said on Sunday they welcomed the announcements by... Published 20 Mar, 2023 12:57am
Business & Finance UBS agrees to buy Credit Suisse as global regulators assure markets UBS will buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion... Updated 20 Mar, 2023 01:45am
Business & Finance UBS close to finalizing deal for Credit Suisse: source UBS is close to finalizing a deal to buy rival Swiss bank Credit Suisse, a source familiar with the matter told... Published 19 Mar, 2023 11:10pm
Business & Finance UBS offers to buy Credit Suisse for up to $1 billion: FT UBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the... Updated 19 Mar, 2023 06:06pm
Markets UBS against the clock in Credit Suisse takeover talks ZURICH: UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank... Published 19 Mar, 2023 11:00am
Business & Finance UBS in talks to acquire embattled Credit Suisse GENEVA: Switzerland’s largest bank, UBS, is in talks to buy all or part of Credit Suisse, according to a report by... Published 18 Mar, 2023 12:06pm
Markets JPMorgan: Credit Suisse takeover, especially by UBS is ‘most likely scenario’ LONDON: Wall Street bank JPMorgan said on Thursday that Credit Suisse being taking over by another lender, most... Published 16 Mar, 2023 12:25pm
Markets European stocks log strongest one-day gain PARIS: European shares on Tuesday posted their biggest single-day gain in nearly three months, helped by a resilient... Published 15 Mar, 2023 06:01am