Page 6 - Reuters

Credit Suisse $54 billion lifeline offers limited respite to global banks

The European banking index, initially rose following the intervention, but was virtually flat by 1130 GMT

Panic over bank crisis sparks flight to safe haven currencies including yen

In the latest blow to investors' confidence in the financial sector, Credit Suisse's shares on Wednesday plunged as much as 30%, after its largest shareholder said it could not provide further support

Apple supplier Foxconn wins AirPod order, plans $200 mn plant in India: Rpt

The deal will see Foxconn, the world's largest contract electronics maker and assembler of around 70% of all iPhones, become an AirPod supplier for the first time

Xiaomi's shift in India to premium smartphones helps Samsung steal crown

While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features

Swiss central bank throws lifeline to Credit Suisse after shares pummelled

Swiss regulator FINMA and the nation's central bank sought to ease investor fears around Credit Suisse, saying it "meets the capital and liquidity requirements imposed on systemically important banks"

KPMG stands by audits of Silicon Valley Bank and Signature Bank

Global markets have been bumpy since the collapse of SVB, the biggest U.S. bank failure since the 2008 financial crisis, and Signature Bank

Time and money for love: China brainstorms ways to boost birth rate

China dug itself into a demographic hole largely through its one-child policy imposed between 1980 and 2015

India using SWIFT payment system to settle dollar trade with Russia: Report

The West blocked several Russian banks' access to the international SWIFT payments system soon after Moscow invaded Ukraine in February last year

SVB says Goldman Sachs was the buyer of portfolio it booked losses on

The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a $2.25 billion stock sale last week using Goldman Sachs as an adviser

Credit Suisse leads Europe bank stock rout after short-lived SVB respite

A fresh 18% drop in embattled Swiss lender Credit Suisse led the wider European banking index lower

European bank stocks under pressure; Credit Suisse tumbles to a new low

Investors rushed back into safe-havens, with two-year German bond yields down 21 basis points at 2.71%

Despite SVB-triggered turmoil, European central banks hint rate hike

The European Central Bank is still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, given high inflation

Oil prices recoup losses after OPEC upgrades China demand outlook

The Organization of the Petroleum Exporting Countries (OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country's COVID-19 curbs

India likely to keep April-Sept borrowing under 60% of FY24 goal: Report

India aims to raise 15.43 trillion rupees ($187.18 billion) from the market in the financial year starting April 1, higher than the 14.21 trillion rupees it raised this year

Shriram Finance looking to sell 15% stake in housing finance arm: Report

Shriram Housing Finance Ltd., which offers home loans, largely in the affordable housing segment, has received interest from several private equity players, including BPEA EQT, formerly Baring PE Asia

No contagion seen on Indian bonds, forex from SVB collapse: DBS Bank

"The dollar index is not stretching as the typical risk-off scenario. Unless commercial activity drops across the world, which does not seem to be the case, we may not see any major impact"

US says Russian jet caused spy drone crash, Moscow denies collision

Russia's defence ministry denied that its aircraft had come into contact with the unmanned aerial vehicle (UAV), which it said had crashed after "sharp manoeuvring"

Google unveils 'magic wand' for emails and documents: Report

Alphabet also said its AI will be able to summarise message threads in Gmail, craft slide presentations, personalise customer outreach and take meeting notes as part of its upgrade to Google Workspace

SVB fallout: JPMorgan, other US biggies flooded with newer clients

As per the report, even US govt's emergency measures to stop the collapse of more banks have not stopped depositors from trying to move their accounts to larger banks or to shift to money market funds

SVB collapse: Moody's changes outlook on US banking system to 'negative'

Lenders that had "substantial" unrealized securities losses and uninsured deposits may be hurt more as customers look for safer alternatives to park their funds