Breadcrumb Trail Links PMN Business Author of the article: Reuters Ariba Shahid and Akhtar Soomro Published Mar 18, 2023 • 2 minute read Join the conversation Article content ISLAMABAD — Former Pakistan Prime Minister Imran Khan appeared in court on Saturday as police were entering his home and after he expressed fear of arrest in […]
Breadcrumb Trail Links PMN Economy PMN Business Article content ZURICH — Following is a timeline outlining the 167-year history of Credit Suisse Group, the Zurich-based bank that is in the middle of a restructuring to rebuild after a string of scandals, losses and management upheavals. The bank began a make-or-break weekend on Saturday after some […]
Article content TOKYO — German Chancellor Olaf Scholz touched down in Japan on Saturday with six of his ministers, looking to strengthen economic ties with Tokyo as he considers reducing German dependence on Chinese raw materials amid global supply chain tensions. Scholz and Japanese Prime Minister Fumio Kishida kicked off their first “government consultation” involving […]
Breadcrumb Trail Links PMN Business Article content The U.S. Federal Reserve meets after global banking turmoil has left deep scars on financial markets – with the risk of more to come. Lender Credit Suisse will likely dominate a Swiss National Bank meeting and the Bank of England might place its inflation fight on hold. Financial […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Eduardo Baptista Published Mar 17, 2023 • 2 minute read Join the conversation Article content BEIJING — Chinese President Xi Jinping will travel to Russia next week to hold talks with President Vladimir Putin, the two countries said on Friday, as Beijing touts a plan […]
Article content SHANGHAI — China is set to keep benchmark lending rates unchanged for a seventh month in March, a Reuters survey showed, as early signs of a domestic economic recovery, combined with global market turmoil, leave Beijing disinclined to shift its monetary policy stance. All 22 participants in a Reuters poll this week predicted […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Gayatri Suroyo and Fransiska Nangoy Published Mar 16, 2023 • 2 minute read Join the conversation Article content JAKARTA — 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, its governor […]
Article content Hong Kong — China and Hong Kong stocks widened their losses on Thursday, weighed by new energy and oil stocks, as Swiss regulators’ unprecedented move to pledge a liquidity lifeline to top lender Credit Suisse stoked fears of a banking crisis. ** China’s blue chip CSI300 Index was down 1.2%, lowest since Jan. […]
Article content S&P has not placed other U.S. banks on CreditWatch negative since First Republic Bank as it has not seen widespread deposit outflows, the ratings agency said on Tuesday, hours after Moody’s cut its outlook on the U.S. banking system to negative. The collapse of Silicon Valley Bank had sparked a crisis of confidence […]
Article content S&P has not placed other U.S. banks on CreditWatch negative since First Republic Bank as it has not seen widespread deposit outflows, the ratings agency said on Tuesday, hours after Moody’s cut its outlook on the U.S. banking system to negative. The collapse of Silicon Valley Bank had sparked a crisis of confidence […]