Fed poised to approve quarter-point rate hike this week, despite market turmoil
Chairman Jerome Powell and his fellow central bankers will want to signal that it’s important to continue the fight to bring down inflation.
Europe stocks log worst week of the year as Credit Suisse rattles sentiment
European stocks rounded off a turbulent week with a negative session on Friday.
President Erdogan says Turkey will start ratifying Finland’s NATO application
Turkey’s President Recep Tayyip Erdogan on Friday approved Finland’s accession to NATO after months of talks.
Macron enrages France by forcing through pension bill with no vote. But few think he’ll be forced out
The French government faces a no confidence vote that it is expected to survive.
Central banks need to keep tightening despite stock rout, OECD says
Mathias Cormann discusses the organization’s Interim Economic Outlook.
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.
