SINGAPORE (Reuters) – Credit Suisse said on Thursday it was taking “decisive action” to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a sl[...]
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March 16, 2023
Credit Suisse intends to borrow up to 50 billion Swiss francs from Swiss National Bank
(Reuters) -Credit Suisse Group AG said on Thursday it intended to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called “decisive action” to boo[...]
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Berkshire Hathaway buys more Occidental shares, stake rises to 23.1%
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc purchased more Occidental Petroleum Corp shares, increasing its stake in the oil company to about 23.1%, a regulatory filing showed on W[...]
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Exclusive-Samsung’s new Texas chip plant cost rises above $25 billion -sources
By Alexandra Alper, Stephen Nellis and Heekyong Yang WASHINGTON/SAN FRANCISCO/SEOUL (Reuters) -A chip plant that South Korea’s Samsung Electronics Co Ltd is building in Taylor, Texas, will cost[...]
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Australia employment rebounds in Feb, jobless drops back to near 50-yr lows
By Stella Qiu SYDNEY (Reuters) – Australia employment rebounded strongly in February after two months of declines, while the jobless rate fell back to near 50-year lows, suggesting the country[...]
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Swiss central bank pledges to back Credit Suisse
By Noele Illien, John Revill and Tom Sims ZURICH/FRANKFURT (Reuters) -Switzerland’s central bank pledged on Wednesday to fund Credit Suisse with liquidity “if necessary,” a first for[...]
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Exclusive-U.S. regulator eyes Friday bids for SVB, Signature Bank-sources
By David French and Pete Schroeder (Reuters) -Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Ban[...]
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New Zealand’s Fonterra profit rises on stronger dairy prices, shares surge
(Reuters) -New Zealand’s Fonterra Co-operative Group Ltd reported a 50% jump in first-half profit on Thursday, helped by higher prices for its dairy products and strong margins across its cheese[...]
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Large U.S. banks view Credit Suisse exposure as manageable -sources
By Lananh Nguyen, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Large U.S. banks have managed their exposure to Credit Suisse in recent months and view risks from the lender as contained[...]
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