UBS faces investors after shotgun Credit Suisse takeover
UBS Group AG (UBSG.S) will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG (CSGN.S) in the biggest bank rescue since ...
Bahrain seeks to attract investment with new ‘golden licence’ for companies
Bahrain on Monday said it was introducing a new “golden licence” offering benefits to companies bringing large-scale investment projects to the small Gulf state as it seeks to reduce its ...
Banks too reluctant to tap cash buffers in a crisis, Bank of England says
Banks are overly reluctant to tap their cash buffers in volatile markets, fearing adverse reaction from regulators and markets, and changes to the rules may be needed, the Bank of ...
Cryptoverse: Bitcoin traders like their options
Even as bitcoin flies high, investors are keeping their options open, judging by a record race to derivatives.
Open interest for bitcoin options and futures has spiked over the past ...
From fast food to autos, India’s digitally connected users lure investors
Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month buying necessities like groceries, clothes and gadgets, all by tapping ...
Grievances mount in Europe with future wealth in doubt
In separate speeches last year, the leaders of France and Germany warned their citizens of hard times ahead as the global economy encountered challenges ranging from trade conflicts through to ...
Oil prices rise as investors move focus from OPEC+ cuts to demand outlook
Oil prices posted gains in Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the ...
Credit Suisse faces anger at final shareholder meeting
Credit Suisse (CSGN.S) will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS (...
Reaction: OPEC output cuts to roil markets
A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response ...
Mitsubishi UFJ to postpone AT1 bond issuance in Credit Suisse fallout
Mitsubishi UFJ Financial Group Inc (8306.T) will postpone the issuance of Additional Tier-1 (AT1) bonds to mid-May or later from late April, a spokesperson said on Monday, after the Swiss ...
Israel’s tech sector reels from SVB collapse, proposed judicial reform
After weathering recession and military conflicts, Israel’s high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank (SVB) removes a key funding source ...
OPEC+ announces surprise oil output cuts
Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an ...
Japan edges closer toward issuing digital yen with plans for new panel
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of ...
UBS may cut up to a third of jobs after Credit Suisse takeover
The bank created by the UBS (UBSG.S) takeover of Credit Suisse (CSGN.S) is poised to reduce its workforce by 20-30 per cent, Swiss daily Tages-Anzeiger reported on Sunday, ...
Tesla’s price war: cheaper cars expected to drive record sales
Tesla Inc (TSLA.O) investors are waiting to see how much Elon Musk’s price cuts will pay off: the electric vehicle (EV) maker is expected this weekend to report ...
Banking crisis: Doing ‘whatever it takes’
By Maria Demertzis
The early March failure of Silicon Valley Bank (SVB) in the United States, and the sale of Credit Suisse to UBS in Switzerland are reminders of an ...
Car services groups warn of unfair competition as EU data plan stalls
Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from US and Chinese tech ...
Norwegian wealth fund seeks Credit Suisse boardroom shake-up
Norges Bank Investment Management will vote against the re-election of Credit Suisse (CSGN.S) Chair Axel Lehmann and six other directors at the Swiss lender’s annual general meeting on ...
New York Times says it won’t pay for Twitter verified check mark
The New York Times NYT.N will not pay a monthly fee to get verified check mark status on Twitter, a spokesperson for the newspaper said hours after it lost ...
The people power being harnessed for cleaner and cheaper energy
As Europe weans itself off fossil fuels, local energy networks are tapping renewable sources to fill the gap and cut consumer bills.
By Andrew Dunne
They might look like ordinary ...
What’s better than OpenAI? Developers shop for alternatives
Microsoft-backed OpenAI is no longer the only game in town for software developers looking to capitalize on an expected $90 billion market for artificial intelligence.
Motivated by a wariness of relying ...
Synopsys spreads AI throughout its chip design tools
Synopsys Inc (SNPS.O) on Wednesday rolled out new artificial intelligence tools designed to get better results faster in the various stages of designing computing chips.
Synopsys makes software that ...
US regulator seeks sale of Silicon Valley Bank, Signature Bank portfolios
The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people ...
UAE cancels licence for Russia’s sanctioned MTS Bank
The United Arab Emirates’ central bank on Friday said it will cancel the licence it granted last year to Russia’s MTS bank, which was placed under British and US ...