Reuters has reported that the European Central Bank confidently hiked its base interest rate by 0.50% due to the Swiss National Bank bailing out Credit Suisse.
Tyson Foods has announced that it would close two chicken processing plants in the US. By doing so the company would fire 1,700 workers.
The US head of KPMG Paul Knopp has stated that the accounting company would stand by its audits of the Silicon Valley Bank and Signature Bank.
US Senator Elizabeth Warren has stated that Jerome Powell should recuse himself from the review of the recent bank failures. The Senator stated that the Fed Chairman's actions had directly contributed to the situation.
The stock price of Credit Suisse has reached a new low level, as the biggest backer of the bank has announced that he can no longer increase its stake in the bank.
Reuters reported before the European Central Bank rate announcement that the news agency's sources expect the central bank to stick to big base interest rate increases.
The Crypto exchange Binance has revealed that it would halt deposits and withdrawals in GBP starting from May 22.
The Facebook parent company has continued to lay off employees, as it has fired additional 10,000 workers.
The recent stock index surge has been attributed to the US inflation data hitting market expectations, despite the US CPI revealing an increase of the rate of inflation.
The rating agency Moody's has downgraded Signature Bank to junk status. Moreover, the agency has started a review of six US banks.
Bloomberg has reported that the US Federal Reserve and Federal Deposit Insurance Corp are considering the creation of a new fund that would backstop bank deposits.
The Saudi Arabian state oil company Saudi Aramco has revealed record 2022 profit of $161.1 billion.
The Governor of the People's Bank of China Yi Gang has been reappointed to his post for another term.
In the aftermath of the success in Ukraine, Lockheed Martin has received orders for HIMARS systems, which should be met by the company's factory capacity.
Reuters has reported that the US administration has set a deadline by the end of March for a purge of Tik Tok from all federal employee devices.
As the European Central Bank continues to hike interest rates, various global banks have been buying up Euro Zone country bonds.
The grocery prices for the United Kingdom has reached a new record high, as food prices grew by 17.1% in the first fourth weeks of February.
Recently released 2022 data has revealed that for the first time in six decades urban employment had declined in China.
The Apple supplier Foxlink has revealed that the company is unlikely to resume its operations in India during the following next two months. The company's local factory has suffered in a major fire.
The Prime Minister of Japan, Fumio Kishida has stated that businesses should increase employee wages to combat the ongoing rising inflation.
The US Treasury Secretary Janet Yellen has commented that she would discuss a potential US budget deficit reduction with the US Congress in an effort to deal with a possible US government default.
The Chief Executive Officer of the Blackstone fund Steve Schwarzman has received $1.26 billion in pay and dividends during 2022.
The US Treasury Secretary Janet Yellen has stated that the US nominee to head the World Bank Ajay Banga is set to overcome all criticism of his nomination.
The French defence group Thales has revealed that it would hire additional 12,000 employees, as orders for armaments have skyrocketed.