India’s financial crime agency searches Franklin Templeton execs, sources say
The Enforcement Directorate is conducting searches on Vivek Kudva, former Asia Pacific head of Franklin Templeton, his wife Roopa Kudva and Santosh Kamath.
European markets higher; bank stocks up 1.3% as Credit Suisse soars
European markets were higher Thursday after the Swiss National Bank said it would provide additional liquidity to Credit Suisse.
Honduras ditching Taiwan raises larger geopolitical concerns
Honduras’ decision was the second foreign policy coup in a week for China, which brokered a diplomatic agreement between Iran and Saudi Arabia last week.
China sees record 7.7 million applicants for 200,000 government jobs
Government jobs are typically regarded as stable and prestigious in China, especially since young people’s unemployment has soared to record highs.
Want an annual investment return of up to 12%? This ‘boring’ strategy’s the way to go, investor says
Bob Desmond of Claremont Global says he’s not really thinking about the interest rate debate, adding that the firm has “always stuck to the Steady Eddies.”
Southeast Asia VC firms could see a larger impact from SVB fallout than startups
Some VC firms could face challenges in finding another bank that offers the same product offering as Silicon Valley Bank.
New Zealand’s economy shrinks in fourth quarter, changing rate outlook
The weakness in the economy is broad-based and conditions are recessionary for manufacturing, retail, trade and accommodation, said Statistics New Zealand data.
Asia-Pacific markets fall on bank fears, Credit Suisse announces ‘decisive action’ to borrow
Asian markets trade lower as banking fears in the U.S. reach Europe, with Japan and Australia leading losses.
Credit Suisse to borrow up to nearly $54 billion from Swiss National Bank
Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.
Morgan Stanley names its favorite stocks in tech — and gives one nearly 60% upside
CNBC Pro takes a look at three of the bank’s top picks, including one in the semiconductor sector and a big internet name.
