Sea Ltd. has made the changes it needs to deliver profits over the long haul, billionaire founder Forrest Li said in a memo to staff, assuring workers who had survived months of steep job cuts that the worst is over.
Commodity markets gave a muted response to a dramatic weekend of intervention by authorities that saw UBS Group AG agree to buy Credit Suisse Group AG and central banks boost dollar liquidity.
U.S. equity futures held small gains, the dollar fluctuated and Treasuries fell as investors weighed a frenetic weekend of efforts to safeguard the global banking system.
India will spend about 980 billion rupees ($12 billion) over the next two years on airports, with airline orders for hundreds of new planes to meet resurgent travel demand putting pressure on existing infrastructure.
Easing financial conditions globally have made Morgan Stanley “outright bullish” on growth stocks versus their value peers in Asia and emerging markets.
Signature Bank’s crypto-related deposits will be returned to customers directly, rather than being taken over by a unit of New York Community Bancorp under a deal announced Sunday.
Shares of China Huarong Asset Management Co. plunged Monday after the bad-debt manager forecast a massive loss for last year.
The Federal Reserve and five other central banks announced coordinated action Sunday to boost liquidity in US dollar swap arrangements, the latest effort by policymakers to ease growing strains in the global financial system.
Wheat dropped following the renewal of an agreement that allows Ukraine to safely export grains out of key Black Sea ports, although the duration of the latest extension was disputed.
Just weeks ago, they were bit players in the giant US banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.
