Fidelity Top Stories
Swiss National Bank to provide Credit Suisse with liquidity if needed
Switzerland's central bank issued a public statement of support for Credit Suisse and said they would provide liquidity if needed.
Credit Suisse and Swiss authorities in talks
Credit Suisse and Swiss authorities were analysing ways to stem concerns around the lender.
US producer prices dip unexpectedly in February
Wholesale inflation in the US slipped unexpectedly last month as food and services prices fell again.
Credit Suisse shares plunge as top investor rules out further stake
Shares in Credit Suisse plunged to a record low on Wednesday, after a key investor ruled out providing further capital.
US retail sales dip by less than expected in February
Americans barely reined in their spending last month, even after January's splurge.
UK's Hunt abolishes lifetime pension allowance
UK Finance Minister Jeremy Hunt said he was abolishing the lifetime pensions allowance.
UK govt u-turns to extend energy bill support scheme by 3 months
The UK government has bowed to pressure from campaigners and u-turned on plans to axe support for household energy bills as another price rise in April threatened to put some families into poverty.
Trainline sales surge as European routes open to competition
Online rail ticket seller Trainline said revenues surged 74% in its last fiscal year, driven by soaring international ticket sales as European routes opened up to competition, offsetting a UK performance hit by rail strikes.
Prudential FY profits rise as China Covid easing boosts sales
Insurer Prudential reported a better-than-expected rise in annual profit on the back of new insurance sales and said China’s relaxation of Covid restrictions had also provided a boost.
Reach to put 400 jobs at risk of redundancy
More job cuts are on the way at newspaper and magazine publisher Reach, with more than 400 roles at risk of redundancy, the company and National Union of Journalists said on Tuesday.
Biden says that US banking system is 'safe'
US President Joe Biden told Americans that the country's banking system was safe and vowed to push for stricter regulations.
HSBC buys SVB UK unit after frantic overnight talks
HSBC has bought the UK arm of stricken Silicon Valley Bank for a nominal £1, the Asia-focused bank said on Monday after a night of frantic negotiations involving government ministers and Bank of England officials.
Syncona said direct exposure to SVB 'de minimis'
Life sciences investor Syncona said it had a minimal exposure to the collapsed Silicon Valley Bank.
Auction Tech 'has no material exposure' to SVB
Online marketplace operator Auction Technology Group on Monday said it had limited exposure to collapsed Silicon Valley Bank.
IP Group says it has no exposure to SVB
IP Group said it had no relationship with the failed US tech investors Silicon Valley Bank or its UK arm.
All SVB and Signature Bank depositors in US to regain access to funds
America's central bank unveiled a new lending facility to protect all uninsured deposits at US lenders.
US non-farm payrolls increase by 311,000 in February
The pace of hiring in the US during the month of February came in ahead of market expectations with solid growth in both the private and public sectors.
Quite a lot riding on a 'soft' US non-farm payrolls report, BofA says
Unless the US non-farm payrolls report for February came in "soft", then the "bad crashy vibes" of March were set to worsen, strategists at Bank of America.
Iran and Saudi Arabia to resume diplomatic relations
Iran and Saudi Arabia reached an agreement to resume diplomatic relations.
BoJ holds rates, maintains bond policy as Kuroda exits
The Bank of Japan on Friday maintained interest rates at record lows, and said it would continue with its current pace of yield curve control in the final meeting under Governor Haruhiko Kuroda, whose tenure ends in April.