Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis
Markets rebound after Credit Suisse secures massive funding deal
Markets rebound after Credit Suisse secures massive funding deal
Credit Suisse shares have tumbled further, by 26% to a new record low of 1.68 Swiss francs, as the selloff gathered pace.
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.
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.
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.
"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
India has lately been looking to strengthen its supply of key minerals, including lithium, that will be critical for furthering its electric vehicle plans.
Unemployment rate at 3.4% versus 3.5% in December