Bank of England hikes interest rates by 25 basis points after inflation surprises
LONDON — The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent…
Ukraine signals counterattack to come ‘very soon’ as Wagner mercenaries suffer large losses
This has been CNBC’s live blog covering updates on the war in Ukraine. [Follow the latest updates here.] Ukraine’s most senior…
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…
UBS offers to buy Credit Suisse for ‘substantially’ more than $1 billion, sources say
Swiss banking giant UBS on Sunday has entered talks to buy its embattled rival Credit Suisse for “substantially” more than…
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators…
UBS shares reverse losses, Credit Suisse craters 55% after takeover deal
UBS shares staged a remarkable rally Monday afternoon, reversing steep losses after the bank’s 3 billion Swiss franc ($3.2 billion)…
UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%
U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households. The…
Ukraine hit with deadly strikes after China’s Xi leaves Moscow; Zelenskyy visits frontline city Bakhmut
This was CNBC’s live blog tracking developments on the war in Ukraine. See here for the latest updates. Chinese President…
Putin touts China’s peace plan after talks with Xi; Russian mercenaries say Kyiv is preparing counterattack
This was CNBC’s live blog tracking developments on the war in Ukraine on March 21, 2023. See here for the…
French government narrowly survives no-confidence vote amid backlash over pension changes
The government of French President Emmanuel Macron narrowly survived a no-confidence vote Monday evening, as furious opposition lawmakers contested his…
