Fast News Federal Reserve extends its year-long combat in opposition to excessive inflation by elevating its key rate of interest by a quarter-point regardless of
Category: Business
US Fed lifts key interest rate; Powell assures banking woes not widespread
Rate hike comes as Federal Reserve Chair Jerome Powell says current collapse of the Silicon Valley Bank isn’t indicative of wider weaknesses within the banking
Türkiye injecting over $5.6B into public banks to boost lending
Türkiye is injecting about TL 107 billion (round $5.62 billion) in public banks in a capital increase sought to encourage lending in a transfer forward
Focus shifts to Fed, US banks as fears of imminent crisis ease
Following a turbulent 10 days, culminating within the 3 billion Swiss francs ($3.2 billion) Swiss-regulator-engineered takeover of Credit Suisse by its rival UBS, the eye
EU’s EIB to break 4-year Türkiye lending ban with earthquake aid
The European Investment Bank (EIB) Monday introduced it could present 500 million euros ($540 million) for Türkiye’s post-earthquake rebuilding efforts, that means the European Union’s
Google suspends Chinese shopping app amid security concerns
Google has suspended the Chinese procuring app Pinduoduo on its app retailer after malware was found in variations of the app from different sources. Google
Inside Swiss’ Credit Suisse rescue that jolted global finance
Switzerland’s political elite was secretly making preparations that may shock the world within the days main as much as a unexpectedly organized press convention held
Central banks try to calm markets after UBS takeover of Credit Suisse
Some of the world’s largest central banks got here collectively on Sunday to cease a banking disaster from spreading as Swiss authorities persuaded UBS Group
Shotgun bank merger triggers political backlash in Switzerland
Switzerland’s two largest political events sharply criticized the UBS takeover of Credit Suisse saying multibillion state help for the deal created monumental dangers for the
Credit Suisse, UBS shares plunge after takeover announcement
The deal follows the collapse of two massive US banks final week that spurred a frantic, broad response from the US authorities to stop additional