BLOOMBERG The European Central Bank (ECB) went ahead with a planned half-point increase in interest rates but offered few clues on what may follow amid market turmoil that roiled Credit Suisse Group AG. The deposit rate was lifted to 3% on Thursday — as officials have been flagging since their last meeting six weeks ago and as the majority of ...

BLOOMBERG Vietnam’s central bank unexpectedly cut the rate at which it lends to banks, underscoring the need to support the economy amid a bleak global outlook and slowing domestic demand. The State Bank of Vietnam reduced the discount rate to 3.5% from 4.5%, according to a statement on its website. The authority also reduced the overnight lending rate in the ...

BLOOMBERG Credit Suisse Group AG sought to arrest a collapse in investor confidence by opening a 50 billion Swiss franc ($54 billion) credit line with the country’s central bank and offering to buy back debt, as executives and government officials plot the next steps for the troubled lender. Shares in Credit Suisse initially surged as much as 40% before paring ...