Business News

Swiss bank shares crater after merger
A government rescue plan has failed to calm investors’ nerves
Mar 20, 2023 15:26
Oil prices crashing amid recession fears
Major benchmarks are sinking due to renewed concerns over global economic health and falling energy demand
Mar 20, 2023 13:22
Signature Spanish dish gets more expensive
Prices for the key ingredients used in paella have surged dramatically
Mar 20, 2023 05:30
Swiss banks announce historic takeover
Traditional rival UBS has struck a deal to acquire the ailing Credit Suisse
Mar 19, 2023 22:20
EU country importing cheap Russian veggies despite sanctions – media
Trucks loaded with cucumbers and tomatoes have been spotted in the Polish town of Bronisze, Berliner Zeitung reports
Mar 19, 2023 14:03
Potential buyer seeks guarantees for Credit Suisse – Reuters
UBS reportedly wants the Swiss state to partly cover the acquisition of the failing lender
Mar 19, 2023 12:33
Coca-Cola sales strong in Russia despite ‘exit’ – media
The beverage is finding its way into the sanctioned country through parallel imports, RBK reports
Mar 19, 2023 11:49
Germans warned of potential energy crisis next winter
The era of cheap fuel from Russia is over, the head of the national utilities regulator has said
Mar 19, 2023 10:36
Tomato and pork prices soar in Spain – media
Buoyant demand from abroad is reportedly making the products less affordable domestically
Mar 19, 2023 09:14
Washington seeks banking crisis advice from Warren Buffet – Bloomberg
Talks reportedly touched on the 'Oracle of Omaha's' possible investment in the banking sector
Mar 19, 2023 07:53
Britons facing ‘disastrous decade’ – report
Households will get poorer and pay more tax over the coming years, a think tank projects
Mar 19, 2023 06:00
Russia exit costs EU automaker over $700 million
Skoda is now in the final stages of talks over an asset sale, the company’s CEO says
Mar 19, 2023 05:12
Top Asian economy urges citizens to abandon Western payment systems
Visa and Mastercard could become a problem, President Joko Widodo has warned
Mar 19, 2023 02:07
Dozens of US banks at risk of repeating SVB collapse – study
Many other lenders are also sitting on unrealized losses caused by the rapid rise in interest rates
Mar 18, 2023 14:02
China fines Big Four accounting firm
The authorities claimed Deloitte’s audit of one of the country’s largest bad-debt managers was marred by negligence
Mar 18, 2023 12:31
Swiss banking giant in talks to buy Credit Suisse – media
UBS reportedly may acquire all or parts of the failing lender, with discussions to be held over the weekend
Mar 18, 2023 09:55
London Metal Exchange discovers fraud at warehouse
Bagged nickel briquettes were found to not have the weight specified in their contracts
Mar 18, 2023 08:30
Grim economic forecast issued for Germany
Eurozone’s largest economy won’t escape recession this year, researcher Ifo warns
Mar 18, 2023 05:51
US lenders preparing for possible bank runs
A record $165 billion was borrowed from the Fed after the collapse of Silicon Valley Bank
Mar 18, 2023 05:30
Dow drops as banking stocks sink
US markets were down on Friday, to end the worst week for the sector in over a decade
Mar 17, 2023 17:27
Gold surges as US banking crisis rages
The precious metal remains a safe haven for many investors
Mar 17, 2023 17:17
Western banking crisis cannot spread to Russia – central bank
There will not be a direct impact on the country’s financial sector, Elvira Nabiullina says
Mar 17, 2023 16:28
UK living standards see worst decline on record
The country is set to avoid a recession but Britons face the highest taxes since WWII, an official report shows
Mar 17, 2023 15:14
Credit Suisse stocks continue slide
Shares in the embattled lender plunged over 10% on Friday
Mar 17, 2023 14:14

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