ZURICH—Credit Suisse shares hit a new record low in morning trading on Switzerland’s stock exchange. Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while U.S. large banks failed to hold onto a brief premarket rally after authorities moved to stem the contagion….
Credit Suisse Shares Hit New Low
March 13, 2023
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UK Authorities: Risk of Diphtheria ‘Very Low’ Despite Suspected Rise Among Illegal Immigrants
Britain’s health secretary has said that the risk of the public contracting diphtheria is “very low,” despite a rise in suspected cases among illegal immigrants being held in the country. Speaking at the Royal Marsden Hospital in London, Minister of State for Health Steve Barclay said that one of the reasons for the low risk was…
Factory Slump Drags UK Economic Growth to 18-month Low
UK private sector growth has slowed to a new 18-month low after factories were hit by “waning customer demand”, according to new data. The closely followed S&P Global/CIPS flash UK composite purchasing managers index (PMI) report showed a reading of 50.9 for August, declining from 52.1 last month. Anything above 50 is considered growth. It…
At War With the Army (1950)
July 16, 2022
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Alvin Corwin is low man on the totem pole, and goes from one mishap to another at an army training camp in World War II. Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films: www.theepochtimes.com/featured-films * Click the “Save” button below the video to access it later on…
Euro Slips to More Than 1-Year Lows Versus Swiss Franc on Dovish ECB
October 29, 2021
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LONDON—The euro slipped broadly against its rivals on Friday, falling to more than one-year lows against the Swiss franc, as Italian bond yields resumed their upward march a day after the European Central Bank struck a dovish note at a policy meeting. At the meeting President Christine Lagarde disappointed market expectations that she would push…
Valuations of Asian Stocks Slip to a 16-Month Low
October 8, 2021
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Valuations of Asian equities hit a 16-month low at the end of September, as concerns over an economic slowdown in China and growing expectations of monetary policy tightening by major central banks dragged down equity markets. The MSCI Asia-Pacific index fell 2.3 percent last month and its forward 12-month P/E ratio was 14.6 at the…
Ireland Agrees to Global Tax Deal, Sacrificing Prized Low Rate
October 8, 2021
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DUBLIN—Ireland dropped its opposition to an overhaul of global corporate tax rules on Thursday, agreeing to give up its prized 12.5 percent tax for large multinationals in a major boost to efforts to impose a minimum rate worldwide. Ireland, the low-tax European headquarters for blue chip companies including Apple, Google, and Facebook, declined to sign…
US Consumer Confidence Hits Seven-Month Low; Goods Trade Deficit Widens
WASHINGTON—U.S. consumer confidence fell to a seven-month low in September as a relentless rise in COVID-19 cases deepened concerns about the economy’s near-term prospects, fitting in with expectations for a slowdown in growth in the third quarter. The survey from the Conference Board on Tuesday showed consumers less interested in buying a home and big-ticket…
Dollar Hovers Above One-Week Low as Evergrande Questions Persist
September 24, 2021
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LONDON—The dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of property developer China Evergrande Group. The yen fell to its weakest since mid-August as Treasury yields pushed to the highest since the start of…
South Korea Jobless Rate Hits Record Low as Jobs for Public Sector, Part-Timers Grow
September 15, 2021
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SEOUL—South Korea’s August unemployment rate fell to the lowest on record, suggesting the economic recovery from the COVID-19 pandemic was on track, though a breakdown of data showed labour conditions in the key manufacturing sector remained weak. The seasonally adjusted unemployment rate in August dropped to 2.8 percent, Statistics Korea data showed on Wednesday, the…
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