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 ...

BLOOMBERG The leaders of South Korea and Japan pledged at a rare summit in Tokyo their readiness to end a long-simmering dispute that had hurt security and trade tries, and work with their mutual US ally to counter threats from the likes of North Korea. President Yoon Suk Yeol smiled as he shook hands with Prime Minister Fumio Kishida on ...