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A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.... more
FAQs about Business:How many episodes does Business have?The podcast currently has 1,149 episodes available.
March 22, 2023War-torn Ukraine to receive first loan from IMFThe International Monetary Fund (IMF) and Kyiv have reached a staff-level agreement for a $15.6 billion loan which should be finalised in the coming weeks. The Washington-based lender had previously changed its rules in order to allow loans to countries facing "exceptionally high uncertainty", without naming Ukraine specifically. Also in this bulletin, we see how Germany's solar panel boom is being stifled by a labour shortage. Plus, a new study shows that Scotland's minimum pricing of alcohol may well have saved lives....more7minPlay
March 20, 2023UBS buys Credit Suisse in government-brokered, $3.2 billion all-share dealCredit Suisse, a storied bank established in the 19th century, is in its last days as an independent entity. Switzerland's largest bank UBS has agreed to acquire it in a $3.2 billion all-share deal. The forced takeover was brokered by regulators and the Swiss government, who feared reputational damage to the country's financial sector and wanted to stop the crisis spreading further. We take a closer look....more5minPlay
March 17, 2023First Republic gets $30 billion lifeline from major US banksIn an effort to stave off contagion, 11 of the largest American banks have injected a total of $30 billion into First Republic, a regional bank based in San Francisco that's been struggling amid this week's turmoil in the financial sector. We take a closer look. Meanwhile, the European Central Bank has again raised interest rates by half a percentage point despite worries over stability in the banking sector....more5minPlay
March 16, 2023Market rout pauses after Swiss bank Credit Suisse gets €51 billion lifelineEuropean markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain as the European Central Bank decides on the next rate hike. Plus, Beijing has reacted furiously to Washington giving TikTok's Chinese owner ByteDance an ultimatum: sell up or face a total ban in the US market....more8minPlay
March 15, 2023Credit Suisse shares plunge amid banking jittersShares of Credit Suisse have plunged to a record low, after its top shareholder declined to increase its stake. The slide has added to market jitters over the state of Europe's banking sector, although it's not directly related to the recent collapse of two American lenders. Also in the show: the UK government outlines its budget, as it tries to protect households and businesses from the ongoing cost-of-living crisis....more6minPlay
March 15, 2023Ohio sues Norfolk Southern rail company over derailmentAfter a disastrous derailment in East Palestine, Ohio on February 3, the US state's attorney general has filed a lawsuit against the Norfolk Southern rail company, saying it prioritises profits over people. The state is seeking to hold the railroad financially accountable for the accident. Also in this edition, media reports in the US say investigations into Silicon Valley Bank's collapse by the US Justice Department and other agencies have started. Finally, we look at the latest economic data out of China....more7minPlay
March 14, 2023Federal Reserve faces dual test of high inflation, bank instabilityThe US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump in consumer prices. Also in the show: Facebook's parent company Meta confirms a further 10,000 job cuts, and a California court rules that gig economy workers should not be considered employees....more8minPlay
March 14, 2023Global banking stocks slump amid fallout from SVB collapseBanking stocks around the world have fallen sharply following the collapse of Silicon Valley Bank and a subsequent intervention by US regulators to protect depositors. Smaller regional lenders in the US are particularly hard hit, with many requests being made to move deposits to some of the country's larger lenders. Also in this bulletin, we look at the calls for stricter regulation of the financial sector....more7minPlay
March 13, 2023US regulators step in to shore up banking sector in wake of SVB's collapseThe US Treasury, Federal Reserve and Federal Deposit Insurance Corporation have unveiled a plan meant to stem any contagion from Silicon Valley Bank's (SVB) failure on Friday. The Federal Reserve will provide an emergency lending facility that will ensure all of the bank's depositors are repaid in full. Elsewhere, the UK government says SVB's UK subsidiary has been purchased by HSBC and Goldman Sachs says a Fed rate hike is no longer expected because of "stress in the banking system"....more6minPlay
March 10, 2023US, China face off on economy amid deepening tensionsUS President Joe Biden unveils a $6.8 trillion budget proposal with key provisions aimed at boosting American competitiveness against China, while Beijing rails against economic containment and suppression. Plus, a sell-off in US bank shares sparked by a run on a small California lender spreads to Asia and Europe as markets tumble....more6minPlay
FAQs about Business:How many episodes does Business have?The podcast currently has 1,149 episodes available.