Credit Suisse Crisis Shines Spotlight on Bank’s Crown Jewel
When hard times fall on a once-proud house of finance, it’s time to start looking at the family silver.
Bloomberg Business
Logging Into Zoom at the Beach Could Land You a Tax Bill
When does doing a little work on vacation turn into a stay that piques the interest of local tax authorities? And does a UK company, for example, face tax complications abroad if they have staff and key decision makers are dotted across Europe working remotely?
Audi CEO Seeks to Catch Up in China in Test of Germany’s Grit
Markus Duesmann, the chief executive officer of Audi, flew to China last week to tackle a problem that’s indicative of the challenges facing Germany: how to compete with its biggest trading partner on new technology.
PBOC Warns SVB Failure Shows Hazard of Rapid Global Rate Hikes
The collapse of Silicon Valley Bank shows that rapid monetary policy shifts in developed economies are having hazardous effects on financial stability, an official with China’s central bank said Saturday, in its first official comment on the crisis.
Texas Court Ruling Casts Uncertainty Over ‘21 Blackout Costs
A Texas appeals court has reignited a fight over soaring power prices during the deadly 2021 winter storm that crippled the state’s electric grid.
Ukraine Latest: Kremlin Says ICC’s Putin Arrest Warrant is Void
In a largely symbolic step, the International Criminal Court based in The Hague issued an arrest warrant for Russian President Vladimir Putin, citing his alleged role in the “war crime” of unlawfully deporting thousands of Ukrainian children to Russia. The Kremlin, which doesn’t recognize the court’s judgments, termed the move unacceptable and void.
China Cuts Reserve Requirement Ratio To Boost Economy
China cut the amount of cash banks must keep in reserve at the central bank in an effort to support lending and strengthen the economy’s recovery from pandemic restrictions and a property market slump.
Millennium, ExodusPoint Post Small Losses Amid March Tumult
ExodusPoint Capital Management and Millennium Management were among multistrategy hedge funds that posted small losses amid this week’s market volatility.
Xi to Visit Russia For First Time Since Putin’s Invasion of Ukraine
Chinese leader Xi Jinping is making his first state visit to Russia since it invaded Ukraine, in a strong show of support for President Vladimir Putin.
