BLOOMBERG The European Central Bank (ECB) must fight inflation until the job is done, while acknowledging the rising risk of pushing interest rates too high as the peak nears, Governing Council member Martins Kazaks said. Price pressures remain too strong and warrant further action — assuming the market turmoil that saw off Silicon Valley Bank and rocked Credit Suisse Group ...

BLOOMBERG UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global financial markets. The Swiss bank is paying 3 billion francs ($3.2 billion) for its rival in an all-share deal that includes extensive government guarantees and liquidity provisions. The price per ...

BLOOMBERG GoTo Group reported a narrower adjusted loss for the fourth quarter, helped by extensive cost cuts at the Indonesian ride-hailing and e-commerce provider. The adjusted loss before interest, taxes, depreciation and amortisation (Ebitda) shrank to 3.1 trillion rupiah ($202 million) in the quarter through December from 6.5 trillion rupiah a year earlier, the Jakarta-based company said. Net revenue, which ...