Fresh Jitters About Banking Sector Send HSI Lower
Hong Kong stocks tumbled on Thursday on fresh fears over the banking sector following the collapse of two US lenders at ... Read more
Didi To Expand Services In China
Ride-hailing company Didi Global plans to expand services and offer more subsidies to passengers and drivers, it said on... Read more
Swiss Central Bank Extends Lifeline To Credit Suisse
Credit Suisse on Thursday said it would borrow up to US$54 billion from the Swiss central bank to shore up its liquidity... Read more
US Markets End Mostly Down, But Off Session Lows
Shares of US lenders endured another walloping on Wednesday - undermined by worries of more bank failures, although the ... Read more
UK Will Avoid Recession, Inflation Will Fall: Hunt
Britain's government on Wednesday vowed a hefty 94 billion pound (HK888.5 billion) in cost-of-living support for this ye... Read more
Credit Suisse Shares Tumble; European Markets Plunge
Credit Suisse shares nosedived to historic lows on Wednesday after its main shareholder said it would not invest any mor... Read more
Nation's Economic Activity Uneven In Jan-Feb
Retail sales on the mainland for the first two months of 2023 swung back to growth, but factory activity expanded more s... Read more
Property Investment On Mainland Falls At Slower Pace
The nation's property investment fell at a slower pace over the first two months of 2023, official data showed on Wednes... Read more
US Stocks Rise On Inflation Data
US stocks closed higher on Tuesday on easing worries about banking sector upheaval and as data showed price increases co... Read more
Meta Axes 10,000 Jobs In New Round Of Cuts
Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's... Read more
US Consumer Inflation Still Elevated But Fed Stressed
US consumer inflation edged down in February but remains elevated, according to government data released on Tuesday, add... Read more
US Stocks End Mixed As Regional Bank Shares Plunge
Wall Street equities were mixed on Monday at the end of a volatile session as several midsized banking stocks suffered a... Read more
Biden Says US Banking System 'safe' After SVB Failure
President Joe Biden on Monday reassured Americans that their banking system is secure in the wake of the collapse of SVB... Read more
HSBC Takes Control Of UK Arm Of Failed US Bank
US authorities unveiled sweeping measures on Sunday to ease fears over the health of the banking system following the fa... Read more
Yellen Rules Out "major Bailout" After Bank Collapse
US Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the coll... Read more