Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis
Markets rebound after Credit Suisse secures massive funding deal
Economy
![Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis]()
Credit Suisse shares fall 26% to record low as top shareholder rules out investing more
Credit Suisse shares have tumbled further, by 26% to a new record low of 1.68 Swiss francs, as the selloff gathered pace.
![Credit Suisse shares fall 26% to record low as top shareholder rules out investing more]()
Argentina inflation tops 100% for first time since 1991
Inflation over 12 months clocked in at 102.5% in the second month of the year, government data showed, with a higher-than-expected 6.6% monthly rise in the Consumer Price Index (CPI), and a 13.1% year-to-date increase.
![Argentina inflation tops 100% for first time since 1991]()
Aramco: Saudi state-owned oil giant sees record profit of $161bn
Saudi Arabia’s state oil company Aramco on Sunday announced record profits of $161.1 billion for 2022, a year that saw energy prices soar due to the war in Ukraine and increased demand following the Covid-19 pandemic.
![Saudi Arabia’s state oil company Aramco on Sunday announced record profits of $161.1 billion for 2022, a year that saw energy prices soar due to the war in Ukraine and increased demand following the Covid-19 pandemic.]()
Adani shares surge after $1.87 billion GQG investment
The stake purchase by the boutique investment firm marked the first major investment in billionaire Gautam Adani's conglomerate since a short-seller's critical report resulted in seven of the Indian group's listed firms losing about $130 billion in market value.
![Adani shares surged on Friday after a $1.87 billion investment in the group by GQG Partners Inc eased concerns about the group's ability to attract funding, while the conglomerate lined up more road shows to shore up investor confidence.]()
Indian PM Modi urges G20 to focus on unsustainable debt
"Food and energy security have become major concerns across the world. Even the financial viability of many countries is threatened by unsustainable debt levels," Modi said.
IMF flags debt restructuring hurdles, says banning crypto should be an option![Indian PM Modi urges G20 to focus on unsustainable debt]()
India finds Lithium deposits for first time in country
India has lately been looking to strengthen its supply of key minerals, including lithium, that will be critical for furthering its electric vehicle plans.
![India finds Lithium deposits for first time in country]()
U.S. reports blowout job growth; unemployment rate lowest since 1969
Unemployment rate at 3.4% versus 3.5% in December
![U.S. reports blowout job growth]()
