China ordered state-owned enterprises and domestically-listed companies to ramp up security checks when hiring accounting firms, in Beijing’s latest move to ensure data security amid tensions with the US.
Bitcoin and the wider crypto markets pushed higher Thursday as investors reacted to the latest signs of stress in the regional US banking sector and digested the Federal Reserve’s monetary policy decision.
British households and businesses pulled almost £11 billion ($13.8 billion) out from banks in March as panic spread from the collapse of Silicon Valley Bank and the takeover of Credit Suisse Group AG.
The fading likelihood of a summer fuel demand boost is prompting more US refiners to hedge as a means of locking in profit amid the threat of run cuts.
Zalando SE shares erased their year-to-date gains after reporting first quarter results on Thursday, as weak consumer sentiment drove up the German online fashion retailer’s inventory levels.
Shell Plc posted a record first-quarter profit and maintained the pace of share buybacks as a strong trading performance and higher liquefied natural gas volumes offset lower energy prices.
Yen bulls are calling for a double-digit rally in the currency after the Federal Reserve signaled a pause in its aggressive tightening campaign.
Britain’s economy is showing signs of unexpected resilience in a batch of data published Thursday, firming up the case for another interest-rate increase.
South Africa’s Public Investment Corp. has boosted its stake in Gold Fields Ltd. to 15%, giving the pension fund a even greater say in the future of one of the country’s biggest miners.
A group of Credit Suisse Group AG bondholders in Asia challenged Switzerland’s banking regulator over the decision to write down about 16 billion Swiss francs ($18.1 billion) of the bank’s riskiest debt, the first known move by wealthy investors in the region.
