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In this article FRC Follow your favorite stocksCREATE FREE ACCOUNT A First Republic Bank branch is pictured in Midtown Manhattan in New York City, March 13, 2023. Mike Segar | Reuters First Republic Bank saw its credit ratings downgraded deeper into junk status by S&P Global, which said the lender's
People on the Mahanakorn skywalk overlooking Bangkok, shot on March 17, 2023. Lillian Suwanrumpha | Afp | Getty Images Thailand's King Maha Vajiralongkorn has endorsed a decree to dissolve parliament, according to an announcement in the Royal Gazette on Monday, paving the way for elections in May. An
Bitcoin logo seen on a smartphone with a Hongkong flag in the background. Sopa Images | Lightrocket | Getty Images The crypto industry has had a rough year with digital currency markets crashing and companies collapsing across the board. In spite of the volatility, Hong Kong is pushing
The global automotive industry is in transition, as consumers increasingly shun internal-combustion-engine vehicles for electric ones. It means EVs are grabbing a bigger slice of the global auto market, according to French investment bank Societe Generale , with one-third of cars sold in China now
In this article CSG.N-CH Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS agreed to buy its rival Credit Suisse for $3.25 billion. Swiss regulators played
Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. Rate expectations have been on a rapidly swinging pendulum over the past two weeks,
The tech sector was a bright spot last week as the banking crisis rocked markets. The Nasdaq Composite was up 4.4% over the week, while the Nasdaq 100 -- which includes the index's largest non-financial companies -- was 5.8% higher. Big tech and semiconductor stocks
In this article UBSG-CHCSG.N-CH Follow your favorite stocksCREATE FREE ACCOUNT Signage for Credit Suisse Group AG outside a building, which houses the company's branch, in Tokyo, Japan, on Monday, March 20, 2023. UBS Group AG agreed to buy Credit Suisse Group in a historic, government-brokered deal aimed at
In this article CSG.N-CHUBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT UBS Chairman Colm Kelleher (R) shakes hands with Credit Suisse chairman Axel Lehmann (L) after a press conference following talks over Credit Suisse in Bern on March 19, 2023. Fabrice Coffrini | Afp | Getty Images UBS agreed to buy