Business

European supervisors tried to stop a rout in the market for convertible bank bonds on Monday, saying owners of this type of debt would only suffer losses after shareholders have ...

Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ...

UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss ...

Hedge fund managers and other large investors believe it is far too soon to call an all-clear on turmoil in the global financial sector even after more than a week ...

Although Bitcoin (BTC) is often considered one of the best crypto investments of all time, for many investors it’s a little too late to get involved. Bitcoin (BTC) requires ...

In the world of cryptocurrencies, the market is constantly shifting and changing. Recently, two popular coins, Solana (SOL) and Shiba Inu (SHIB), have faced significant price drops. As a result, ...

A US official said on Sunday that the deposit outflows that left many regional banks reeling in the wake of Silicon Valley Bank’s failure had slowed and in some ...

The economic doom facing the major economy of the world has shifted the sentiments surrounding the Crypto market; having tanked greatly in 2022, Cryptocurrencies like Cardano, Shiba Inu, and RenQ Finance ...

The Finance Ministry on Monday said that Cyprus’ lenders, the European Commission, the ECB and the International Monetary Fund, began the 14th post-programme surveillance of the Cypriot economy According to ...

Bitcoin hovered near nine-month highs on Monday and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to digital assets. ...

In the event that termination of a sale contract for immovable property is held invalid, the purported termination constitutes a breach, resulting in consequences to the party in default Every ...

Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the ...

Switzerland awoke on Monday to a new era after UBS (UBSG.S) agreed to take over the ailing Credit Suisse (CSGN.S), with a bank employee association saying it was “...

Microsoft last week trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its rival Google (GOOGL.O) ...

Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider moving some assets to another bank if ...

Egypt promised to reform under latest IMF programme Gov’t earmarked more than 30 firms for stake sales Analysts say military’s economic role has expanded New security clearance requirement is ...

A chip plant that South Korea’s Samsung Electronics Co Ltd (005930.KS) is building in Taylor, Texas, will cost the world’s biggest memory chipmaker over $25 billion, up more than $8 ...

The Mexican arm of Spain’s Banco Santander (SAN.MC) plans to launch digital lender Openbank by the end of March 2024 to offer checking accounts, credit cards and other services ...

UBS UBSG.S has agreed to buy Swiss banking giant Credit Suisse CSGN.S after increasing its offer to more than $2 billion, the Financial Times reported on Sunday, as authorities ...

The world of cryptocurrency investment is a vast and ever-evolving landscape, offering investors numerous opportunities to capitalize on the latest trends and technological innovations. One such trend that has gained ...

By Anna Mylona and Linda Stokes In 2022, as the world emerged from the constraints of the Covid-19 pandemic only to run into the shock of the war in Ukraine, a ...

Ten years ago almost to the day, international lenders made Cyprus an offer it couldn’t refuse – close your second largest commercial bank and seize almost half of uninsured deposits ...

Here’s a summary of the top business news stories from the week starting March 13. Kedipes, the state-owned asset management company, has reported record inflows of €439 million for 2022, according to ...

European researchers are developing online tools to help small and medium-sized enterprises improve the mental health of employees. By Andrew Dunne Ask a person working in a small business how ...