SVB Financial seeks bankruptcy protection for reorganization
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets.
UK backs Rolls-Royce project to build a nuclear reactor on the moon
Rolls-Royce is set to work with a range of organizations on the project.
China cuts banks’ reserve ratio for first time in 2023 to support recovery
China’s central bank said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year to release liquidity and support the economy.
Credit Suisse sheds another 8% as traders digest emergency liquidity
Credit Suisse shares fell 8% Friday after soaring over the previous session.
China’s Xi to go to Russia next week for his first visit since Putin ordered invasion of Ukraine
Chinese President Xi Jinping is set to visit Russia from March 20 to 22, China’s Ministry of Foreign Affairs announced Friday.
From spying to Swiss bailout: How years of turbulence at Credit Suisse came to a head
Credit Suisse’s path to the brink has been a long and tumultuous one.
Baidu says it can now operate robotaxis in Beijing with no human staff inside
The government approval initially covers 10 vehicles in the Beijing suburb of Yizhuang, which is home to many corporations such as JD.com.
You’ve heard about the 4-day workweek — but what about the 9-day fortnight?
Many businesses still face obstacles when considering a move to the four-day work week. Other working patterns like the nine-day fortnight could be a middle ground.
CNBC Daily Open: After First Republic rescue, fears of contagion are allayed (again)
First Republic Bank will receive billions in deposits from 11 other banks. Credit Suisse will borrow billions from the Swiss National Bank. Crisis averted?
Fitch says banks in Asia are resilient to risks seen in U.S. bank failures
Asia-Pacific banks are “resilient to risks” highlighted by failures seen in U.S. banking sector, Fitch Ratings said Thursday.
