SNB acquired almost 9.9 percent of Credit Suisse for $1.46bn in November but has lost more than $1bn on its investment.
SVB’s purchase gives markets some respite amid growing concerns over financial health of global banking system.
Shayne Elliott says it’s ‘premature’ to say Silicon Valley Bank, Credit Suisse woes will cause repeat of 2008 crisis.
Chinese wealth is rushing into the Southeast Asian city-state, prompting unease among some locals.
Beijing-based search engine giant changes showcase to closed-door event for firms, citing ‘strong demand’.
GitHub removed code shared without permission after request by social media giant, court filing says.
Tumbling stocks dragged down other major banks across Europe, fuelling fears about a banking sector crisis.
Raid on the Mintz Group office in Beijing comes as China prepares to hold its annual economic forum.
Slammed by sanctions, the pandemic, and high inflation, Havana is making piecemeal reforms which may not be enough.
Janet Yellen is the face of US govt on the issue and her public comments have sent markets on a roller-coaster ride.
The bill is among numerous measures taken after a suspected Chinese spy balloon floated over the US.
Co-founder of Singapore-based Terraform Labs faces eight charges, including securities fraud and wire fraud.
The nationalisation of Exxon Mobil’s assets in Chad comes after the oil giants divested from them in December 2022.
TikTok executive seeks to push back on legislators’ claims that the Chinese-based app poses a national security threat.
