(Reuters) -The Federal Reserve, which just last week was expected to accelerate its interest-rate-hike campaign in the face of persistent inflation, may be forced to hit pause and even reverse course as turbulence at Credit Suisse renews fears of a banking crisis that could cripple the U.S. economy.
Global banking shares took a fresh beating on Wednesday as Credit Suisse shares slid to a new record low as its largest investor said it could not provide the Swiss bank with more financial assistance.
Global banking shares took a fresh beating on Wednesday as Credit Suisse shares slid to a new record low as its largest investor said it could not provide the Swiss bank with more financial assistance.
Swiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, Bloomberg reported on Wednesday, citing people familiar with the matter.
China's economic activity picked up in the first two months of 2023 as consumption and infrastructure investment drove recovery from pandemic disruption, despite challenges of weak global demand and a persistent downturn in the property sector.
Global banking shares took a fresh beating on Wednesday as Credit Suisse shares slid to a new record low as its largest investor said it could not provide the Swiss bank with more financial assistance.
BEIJING (Reuters) -China's embattled property sector made new progress in its climb out of a months-long slump as official data on Wednesday showed much narrower declines in home sales, developer investment and construction starts in January-February.
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