Economy

Hong Kong struggles to win back tourists, ‘World City’ crown
Chinese territory welcomed just 500,000 visitors in January, compared to 6.8 million arrivals in 2019.
Published On 20 Mar 2023
Northern Ireland’s DUP to vote against new Brexit deal with EU
In blow to Prime Minister Sunak, Unionist leader says ‘imposition of EU law’ on Northern Ireland has not been resolved.
Published On 20 Mar 2023
‘Point of no return’: UN report to provide stark climate warning
New synthesis report will play a pivotal role when governments gather in Dubai in December for the UN climate summit.
Published On 20 Mar 2023
Relief over Credit Suisse rescue short-lived as bank shares sink
As early investor optimism about efforts to stem a banking crisis quickly evaporated, shares of Credit Suisse, UBS fell.
Published On 20 Mar 2023

A bank employee association said it was deeply shocked by the potential consequences of the UBS-Credit Suisse deal.

Asian financial authorities say Swiss lender’s takeover not likely to affect stability of local banks.

Chinese imports of Russian oil rise by nearly one-quarter from same period in 2022.

Deposits in the country’s banking system are stabilising, Reuters reported citing unnamed US official.

The 40 branches of Signature Bank will become Flagstar Bank, starting Monday, the FDIC said late on Sunday.

Al-Emadi will face a criminal trial following his 2021 arrest over embezzlement allegations.

Credit Suisse was caught in the turmoil spurred by the collapse of US lenders Silicon Valley Bank and Signature Bank.

US president calls on Congress to impose tougher penalties on senior officials of banks that fail due to mismanagement.

The contraction is the biggest in the crisis-hit island nation’s 75 years of independence.

Asian stock markets rise after moves to shore up confidence in troubled banks in Europe and the United States.

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