Bloomberg Business

The European Central Bank went ahead with a planned half-point increase in interest rates but offered few clues on what may follow amid market turmoil that roiled Credit Suisse Group AG.

Equity fundraising slammed to a halt in the wake of Silicon Valley Bank’s collapse, and now the turmoil at Credit Suisse Group AG is dashing hopes for a recovery anytime soon as investors flee anything that smells like risk.

Canadian convenience-store operator Alimentation Couche-Tard Inc. shares rose as much as 1.7% after it agreed to buy almost 2,200 gasoline stations in Europe from TotalEnergies SE for €3.1 billion ($3.3 billion).

A Pakistan court has dismissed the petition of former Prime Minister Imran Khan seeking suspension of his arrest warrant, after violent clashes near his home this week prevented security officials from detaining him.

Former Bridgewater Associates Chief Executive Officer David McCormick’s new book opens at a low point in his failed US Senate bid, with Donald Trump excoriating him as a “liberal Wall Street Republican” during a rally for the eventual GOP nominee in the race, celebrity physician Mehmet Oz.

Market observers are on alert to find out just how much extra funding the Federal Reserve’s new bank backstop program will ultimately add into the system, with analysts at JPMorgan Chase & Co. positing that it could inject anywhere up to $2 trillion in liquidity.

Virgin Orbit Holdings Inc. shares tumbled after the Richard Branson-founded satellite launch firm said it would halt operations while attempting to secure more funding.

A day after the emergency rescue of Credit Suisse Group AG, another big selloff was unfolding at a US regional bank.

The UK banned TikTok from government phones with immediate effect over security fears, the latest restriction imposed on the Chinese-owned social media app after similar moves by the US and European Union.