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Protesters gather outside Israel’s Parliament in Jerusalem on March 27, 2023, amid calls for a general strike against the hard-right government’s controversial push to overhaul the justice system. , Afp | Getty Images Israel is in a cooling off period after weeks of intense protests by vast segments of the population over a plan that … Read more
Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Tuesday, Jan. 17, 2023. Bloomberg | Bloomberg | Getty Images Hong Kong-listed shares of alibaba surged 15% at the open on Wednesday after the company announced a significant overhaul to split the tech giant into six business groups. On Wall Street overnight, Alibaba … Read more
Asia-Pacific’s private equity market plummeted last year — as investors’ appetite for risk fell in the face of inflation and geopolitical tensions, according to Bain & Company. The total deal value for the region will plunge by 44% to $198 billion in 2022, the global management and consulting firm said in a Tuesday report. That’s … Read more
It is “unlikely” that European banks will undergo anything as serious as in 2008, according to economists. Peter Macdiarmid / Staff / Getty Images LONDON , Turbulence across the banking sector has prompted the question of whether we are teetering on the edge of another financial crash, 2008-style. But a banking crisis today would look … Read more
A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
Google and Facebook parent Meta are some of the companies that have laid off workers in recent months. Beata Zawrzel | Nurphoto | Getty Images From the US to Europe and Asia, global tech giants from Microsoft and Google, to Amazon, SAP and more have laid off thousands of employees since the start of the … Read more
US Secretary of the Treasury Janet Yellen testifies during a hearing before a House subcommittee in Washington, DC. Alex Wong | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Jakub Porzycki | Nurphoto | Getty Images Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS agreed to buy its rival Credit Suisse for $3.25 billion. Swiss regulators played a key role in orchestrating the forced takeover, to stem a larger banking crisis that … Read more
A sign for the financial agency Fitch Ratings on a building at the Canary Wharf business and shopping district in London, UK, on Thursday, March 1, 2012. Bloomberg | Bloomberg | Getty Images Asia-Pacific banks are “resilient to risks” highlighted by failures seen in US banking sector, Fitch Ratings said Thursday, adding the exposure to … Read more
Credit Suisse‘s largest shareholder Saudi National Bank said the market turmoil in shares of the Swiss lender was “unwarranted.” “If you look at how the entire banking sector has dropped, unfortunately, a lot of people were just looking for excuses,” Saudi National Bank chairman Ammar Al Khudairi told CNBC’s Hadley Gamble on thursday. “It’s panic, … Read more