crisishit

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The banking crisis in the US and Europe could provide Indian IT firms with an opportunity to acquire captives technology units of banking and financial firms in a repeat of the 2008 financial crisis, analysts say.IT companies such as TCS,…

<!-- -->Chairman Axel Lehmann said the merger represents the "best available outcome."Bern, Switzerland: UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the…

Credit Suisse shares have nosedived. — AFP/FileZURICH: Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming.The Zurich-based lender was…

Silicon Valley Bank is one of the largest commercial banks in the US.Elon Musk has replied to a tweet in which Razor co-founder and CEO Min-Liang Tan says 'I think Twitter should buy SVB and become a digital bank'US-based Silicon Valley…

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<!-- -->Industries warn of rising unemployment in face of blocked imports. (Representational)Islamabad, Pakistan: Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the…

<!-- -->Pakistan's moves to loosen its grip on the currency and increase fuel prices indicate that the beleaguered nation is finally taking the unpopular decisions needed to secure the $6.5 billion bailout program from the…

The World Economic Forum (WEF) has identified the top five risks faced by economic-crisis-hit Pakistan. In its report- ‘Global Risks 2023’- the WEF said that debt crisis, sustained and/or rapid inflation, state collapse, failure of cyber…

COLOMBO: Sri Lanka unveils a budget on Monday (Nov 14) attempting to put the South Asian government's finances in order, with reforms to advance a US$2.9 global billion bailout from the island's worst financial crisis since independence in…