The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters this week. The move follows the introduction of a new U.S. legislation that would allow the White House to ban TikTok or other foreign-based technologies if they pose […]
Swiss National Bank
Asian stocks slipped on Tuesday as investors grappled with inflation concerns in the wake of the surprise cuts to the OPEC+ group’s oil output targets, while treasury yields fell after frail U.S. manufacturing data renewed anxiety about the economy. An announcement on Sunday of output target cuts by the Organization of the Petroleum Exporting Countries […]
Sight deposits held by the Swiss National Bank declined last week, data showed on Monday, suggesting that Credit Suisse and UBS may have cut back on use of emergency funds offered them to facilitate their planned merger. Total sight deposits – meaning commercial bank cash held by the central bank overnight – fell to 563.566 […]