By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) – Global equities rose on Thursday on news that a large group of banks were infusing cash into U.S. lender First Republic Bank and as a lifeline from the Swiss National Bank to Credit Suisse eased fears of a global banking crisis. European and U.S. bond …
Global shares gain as banking sector lifelines bolster confidence Read More »
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar fell and the euro rose on Thursday after the European Central Bank raised interest rates as planned despite market chaos in recent days, in a sign the Federal Reserve also will likely raise rates next week as both stay on track to tame inflation. …
Dollar slips after ECB rate decision, Fed hike seen Read More »
By Selena Li (Reuters) – Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a “viability event,” according to documents seen by Reuters. The bank also gave an update on how much money it had returned to investors in its supply chain finance funds, …
Exclusive-Credit Suisse tells staff SNB facility does not trigger a ‘viability’ event Read More »
LONDON (Reuters) – China’s Lenovo Group Ltd must pay U.S. technology firm InterDigital Inc $138.7 million for a licence for its portfolio of telecommunications patents, London’s High Court ruled on Thursday in the latest round of a long-running dispute. InterDigital brought the lawsuit against Lenovo in 2019 over the terms on which Lenovo should take …
Lenovo must pay $138.7 million for InterDigital patents – London court Read More »
By John Revill and Amanda Cooper ZURICH/LONDON (Reuters) -Credit Suisse shares jumped around 18% on Thursday after the company secured a lifeline from the Swiss central bank to shore up investor confidence, reversing some of the losses that stripped off a quarter of its market value the day before. The Swiss bank’s announcement that it …
Credit Suisse shares leap in delicate truce with doubters Read More »
By Ben Blanchard TAIPEI (Reuters) – Taiwan chipmaker TSMC’s talks with the German state of Saxony about building a new factory are at an advanced stage and are now focused on government subsidies to support the investment, two people familiar with the matter said. TSMC, the world’s largest contract chipmaker and Asia’s most valuable listed …
TSMC’s Germany chip plant talks hone in on govt subsidies -sources Read More »
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank has and will continue to intervene in the currency market amid volatility linked to the closure of some U.S. banks, its governor said on Thursday, after leaving interest rates unchanged for a second straight meeting. Bank Indonesia (BI) Governor Perry Warjiyo noted that the …
Bank Indonesia leaves rates unchanged, uses FX intervention amid market turmoil Read More »
By Makiko Yamazaki TOKYO (Reuters) – The head of Japan’s banking lobby said on Thursday that there are no signs at the moment of the Japanese financial system being affected by a crisis of confidence in Credit Suisse, as the country’s banks are well-capitalised. A plunge in shares of Credit Suisse has renewed fears of …
Japan bank lobby chief sees no signs of contagion from Credit Suisse woes Read More »
SINGAPORE (Reuters) – Private equity firm CVC Capital Partner said on Thursday it had acquired a “minority stake” in Indonesian gas company PT Samator Indo Gas from existing shareholders for $155 million. The deal marks CVC’s eighth investment in Indonesia, the largest economy in Southeast Asia, since 2010, it said in a statement CVC’s other …
PE firm CVC buys $155 million minority stake in Indonesia’s Samator Indo Gas Read More »
(Reuters) – Rio Tinto has appointed two non-executive directors, the miner said on Thursday, in response to its chairman’s call for more members with experience in mining and renewable energy on the company’s board. Dean Dalla Valle and Susan Lloyd-Hurwitz, the latest appointments, will join Rio’s board on June 1, the miner said. Valle was …
Rio Tinto appoints directors with mining, renewable energy experience Read More »
