Page 450 - Bloomberg

US demands TikTok owner ByteDance sell stakes or face ban: Report

TikTok's owners may retain some form of ownership but through a passive structure

Credit Suisse explodes into full-blown crisis as stocks, bonds crater

The stock fell as much as 31%, hitting record lows, and prices on its benchmark bonds sank to levels that indicate the Swiss lender is in deep financial stress

BofA gets more than $15 bn in deposits after Silicon Valley Bank collapse

The inflows offer a first glimpse into deluge of deposits that made its way to the country's largest banks as customers fearful of a spreading crisis sought refuge in the firms seen as too big to fail

Credit Suisse default swaps 18x UBS Group AG, 9x Deutsche Bank

One-year credit default swaps for the embattled Swiss lender were indicated at 835.9 basis points on Tuesday's close of business

Credit Suisse left in the lurch, sparks selloff across global markets

Asked whether Saudi National Bank was open to further cash injections, Chairman Ammar Al Khudairy said "absolutely not."

Neelkanth Mishra resigns from Credit Suisse, to head research at Axis Bank

He is part of Indian Prime Minister Narendra Modi's Economic Advisory Council and head of research at Credit Suisse's local unit, according to the bank's website

What is ChatGPT-4 and how to use it right now: Everything you need to know

ChatGPT-4 is more accurate, creative and collaborative than the previous iteration, ChatGPT-3.5, and "40% more likely" to produce factual responses

Japanese startup tells new hires they need to know ChatGPT for job

The startup, which focuses on promoting digitizing business transactions, is confident it's on the right side of a growing divide over the use of the technology

Apple delays bonuses for some, limits hiring in latest cost-cutting effort

The majority of Apple's divisions had already moved to a once-a-year schedule for bonuses and promotions, including software engineering and services

Meta to cut 10,000 jobs, close about 5,000 open roles in efficiency push

The Facebook parent company has been marketing 2023 as a "year of efficiency" in an effort to improve its financial performance and achieve longer-term goals

TikTok leadership considers splitting from ByteDance if deal with US fails

A divestiture, which could result in a sale or IPO, is considered a last resort, to be pursued only if the company's existing proposal with national security officials doesn't get approved

Walt Disney Co hunts for person responsible for leaking Ant-Man script

The entertainment giant was granted subpoenas Monday ordering Alphabet's Google, Reddit to turn over any data they have that would identify the person or persons who posted the script on their sites

Samung joins South Korean govt's $400 billion bid to lead in key tech

The company plans to build five memory and foundry fabs in a new chip cluster in Yongin by 2042, where it seeks to attract more than 150 local and foreign chip companies

Donald Trump's Truth Social cuts staff as it awaits merger approval: Report

Some close to Trump Media estimate it can fund operations through September at present spending levels, according to the people

Ukraine war: Is India complying with the Russian crude oil price cap?

Uncertainty about how much India pays is part of the murkiness around Russian oil flows more generally, as the trade shifts from the Atlantic basin to Asia and from large traders to smaller entities

China economy rebounds from Covid slump as consumer spending picks up

Retail sales rose 3.5% from the same period last year, figures from the National Bureau of Statistics showed Wednesday, in line with forecasts and reversing from a 1.8% drop in December

Imran Khan's supporters battle Pakistan police out to arrest him

rotesters pelted the police with stones and broken bottles while a helicopter hovered over Khan's house, television footage showed

'Help us rebuild' deposit base: Silicon Valley Bridge Bank's new CEO

Mayopoulos said on a Tuesday conference call with clients that the future of the bank "is still being charted," and that the company could be recapitalized, taken over by a new owner or wound down

Oil prices continue slump in fallout from Silicon Valley Bank shutdown

Brent crude futures were down $1.11 or 1.3% to $79.66 a barrel at 6.26 PM, having earlier touched a low of $78.76

US, UK, Oz leaders unveil nuclear submarine deal to counter China

The programme will cost up to A$368 billion ($245 billion) over the next three decades, a defence official said on Tuesday, the country's biggest single defence project in history