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Tuesday, March 21, 2023
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Relief over Credit Suisse rescue short-lived as bank shares plummet

Reuters -
By Amanda Cooper, Scott Murdoch and Tom Westbrook (Reuters) -Banking stocks and bonds plummeted on Monday after UBS Group sealed a state-backed takeover of troubled peer Credit Suisse Group AG, a deal
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Relief over Credit Suisse deal crumbles as focus shifts to bond risks

Reuters -
By Stefania Spezzati, Scott Murdoch and Tom Westbrook (Reuters) -Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival
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Exclusive-India plans to extend fuel export curbs beyond March – sources

Reuters -
By Nidhi Verma and Nikunj Ohri NEW DELHI (Reuters) -India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of
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Oil falls more than $2 on banking concerns, likely Fed rate hike

Reuters -
By Emily Chow SINGAPORE (Reuters) -Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline
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Stocks slide as Credit Suisse rescue fails to stem rout

Reuters -
By Tom Westbrook SINGAPORE (Reuters) - Banks led stock markets lower on Monday and safe havens such as bonds rallied as a weekend deal to rescue Credit Suisse and promises of liquidity from central
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Safe-haven yen regains footing as caution builds over bank contagion

Reuters -
By Kevin Buckland TOKYO (Reuters) - The safe-haven yen rebounded from early steep declines and the risk-sensitive Australian and New Zealand dollars flipped to losses as early optimism ebbed over
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Relieve over Credit Suisse collapse to new worries about bond risks

Stefania Spezzati -
In a package orchestrated by Swiss regulators on Sunday, UBS Group AG will pay $3.23 billion for Credit Suisse Group AG and assume up to $5.4 billion in losses.
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Oil falls as banking concerns persist, likely Fed rate hike

Reuters -
By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices fell on Monday for a second session on concerns that risks in the global banking sector may cause a recession that would lead fuel demand
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Credit Suisse rescue relief runs dry in skittish trade

Reuters -
By Tom Westbrook SINGAPORE (Reuters) - Equity futures and Asian stocks struggled to stabilise on Monday as a weekend deal to rescue Credit Suisse and promises of liquidity from central banks offered
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Safe haven yen, dollar regain footing as caution builds over bank contagion

Reuters -
By Kevin Buckland TOKYO (Reuters) - Safe-haven currencies the yen and U.S. dollar recovered from early steep declines and the risk-sensitive Australian and New Zealand dollars flipped to losses as
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On Camera

YourTurn

Opinion

Representational image | Indian Army | ANI

Why Theatre Commands must be accompanied by a Uniform Military Code

Lt General Prakash Menon -
The differences on justice delivery among the individual Services exist mostly as a legacy of the British Acts from which the existing laws were derived.
interview

Indian policymaking is good when cautious, botched when rushed. Learn from...

Police Crime Branch team conducts a raid at the Asianet News office (Photo/ANI)

What lies at the heart of Kerala raids on Asianet News?...

Economy

Credit Suisse is Switzerland's second-largest bank | Twitter: @CreditSuisse

Spying, cocaine, money-laundering, historic losses: The sordid tale of the fall...

TCA Sharad Raghavan -
Switzerland’s 2nd largest bank has been merged with country’s largest bank & its rival UBS for a lot lower than its market value. Regulators say this was the best way forward.

Defence

File photo of Indigenous Advanced Light Helicopter Dhruv| photo: ANI

Yet another ALH accident calls for independent & comprehensive review of...

Suchet Vir Singh -
Over the last two decades 18 to 22 incidents involving the ALH Dhruv have been reported. Experts say the malaise in the ALH fleet could be related to design & engineering issues.  

National Interest

Illustration: Soham Sen | ThePrint

You’ve heard of jobless growth. But Tata, Birla, Ambani, Adani, have...

Shekhar Gupta -
Modi govt's thrust on manufacturing is much-needed but it is pushing Indian manufacturing in the direction of outsourcing, same as our services industry.

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