The Swiss central bank has increased rates by 50 basis points, taking its policy rate to 1.5%.
Ukraine signals counterattack to come ‘very soon’ as Wagner mercenaries suffer large losses
Ukraine is recovering from a barrage of missile and drone strikes unleashed on the country Wednesday after China’s Xi Jinping left Moscow following talks.
China will make up nearly 40% of the rise in global oil demand in 2023, Wood Mackenzie says
The research firm said in a report it views China’s reopening as the “single biggest demand driver” for a recovery in oil demand this year.
European lawmakers are quietly miffed at U.S. regulators over SVB’s collapse
Regulators and officials across the European Union have been nervous about potential contagion to their own banking sector.
Swiss regulator defends controversial $17 billion writedown of Credit Suisse bonds
Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a controversial part of the lender’s emergency sale to UBS.
Tencent’s online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing “video accounts” business.
Is Nvidia’s valuation justified? One bullish fund manager gives two reasons to own the stock
A 100% jump in Nvidia shares in the last six months has led some to question its extraordinary valuation, but one fund manager continues to back the stock.
Relativity’s first 3D-printed rocket launches successfully but fails to reach orbit
Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night.
China’s military claims U.S. warship illegally entered waters in South China Sea
The U.S. Navy disputed the Chinese military statement, saying the destroyer is conducting “routine operations” in the South China Sea and was not expelled.
Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year
The predictions of new record highs mark a more optimistic outlook than in January when industry executives told CNBC they expected 2023 to be a year of caution.