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Banks borrow $164.8 billion from US Fed in rush to backstop liquidity

The data also showed $11.9 billion in borrowing from the Fed's new emergency backstop known as the Bank Term Funding Program, which was launched Sunday

Credit Suisse got a $54 bn lifeline, now it needs to win back clients

In Asia, several ultra-wealthy clients continued to cut back their exposure amid the tumult this week. In the Middle East, some customers asked the bank to convert cash deposits into treasury bills

Meta starts next round of layoffs with 1,500 jobs in recruiting, HR: Report

During an internal meeting with employees, Chief Executive Officer Mark Zuckerberg told employees the economic climate of layoffs and restructuring could last many years

Boeing, Airbus boost search for India talent as demand for aircraft rises

With about 1.5 million engineering students graduating annually, India is a rich source of talent for planemakers facing record orders from airlines as travel surges again after the Covid pandemic

Zee Entertainment set to repay IndusInd $10 million to wrap Sony deal

The settling of dues of about Rs 837 million ($10 million) to the lender could happen as early as Friday and the Mumbai-based bank has agreed to withdraw its insolvency proceedings

Microsoft to bring OpenAI's chatbot tech to Outlook, Word, Power Point

AI-powered assistants called Copilots will be able to generate whole documents, emails and slide decks from knowledge the software has gained scanning corporate files and listening to conference calls

Indian industries stock up on coal to avoid shortages during summer

The fear of disruptions to mine output when monsoon rains begin a couple of months later is also a factor

Baidu's shares dive 10% after pre-recorded demo of AI chatbot disappoints

Thursday's launch was to have been a watershed moment for China's technology industry, lifting the lid on how AI has progressed in the world's largest internet economy

Chip globalisation is over, and sanctions work: TSMC founder Morris Chang

In the chips sector, globalization is dead. Free trade is dead, Chang said at an event in Taipei Thursday

Here's what a top lawyer thinks of entry of foreign law firms into India

Reversing a decades-long stance, the Bar Council of India this week permitted firms from certain countries to register in India, open offices and advise local clients on international law

Credit Suisse more relevant to Indian banking sector than SVB: Jefferies

Credit Suisse owns more than 200 billion rupees ($2.4 billion) of assets in India, making it the 12th largest offshore lender, according to Jefferies

Maternal mortality rate in US soared 40% during Covid-19 pandemic

Wider access to insurance coverage to improve prenatal and follow-up care, and increasing transportation to medical facilities could help lower the death rate, according to the CDC

Nifty 50 index heads for technical correction amid global turmoil

Rising interest rates, coupled with this year's rout in the Adani conglomerate's stocks, have also weighed on the local market

Baidu showcases China's answer to ChatGPT to lead transformative technology

The Beijing-based company is leading a race with the likes of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to create a next-generation platform for the world's largest internet market

US Fed's loans to provide $2 trn of liquidity in banking system: JP Morgan

The Bank Term Funding Program should be able to inject enough reserves into the banking system to reduce reserve scarcity and reverse the tightening that has taken place over the past year

China's property market shows early signs of recovery after slump

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose

SVB collapse exposes rifts in typically chummy venture capital world

There's no clear consensus on whether to celebrate or blame VCs who told founders to pull out their money

Japan needs South Korea to defend against North Korea's missile tests

The prosecutor-turned-politician Yeol made it a high priority six months ago to find a way to pay people forced to work at Japanese colonial-era mines and factories that was acceptable to Tokyo

Silicon Valley Bank loans could be letdown for private equity giants

The FDIC has a broad mandate to try to sell Silicon Valley Bank and Signature Bank assets at the best possible price to aid recoveries, whether that's as a whole or in pieces

Singapore's Changi snatches back 'World's Best Airport' crown from Qatar

The Asian hub edged Doha's Hamad International Airport into second place, with Tokyo's Haneda Airport bagging third, in the Skytrax World Airport Awards 2023