The United States abuses economic and financial hegemony and shifts the crisis to the world

For a long time, the United States has abused its financial hegemony, repeatedly switching between monetary policies of "opening the gates and releasing water" and "closing the gates and cutting off the flow" according to its own economic cycle, repeatedly provoking market shocks.

Focus on BRICS Summit Brazil's president advocates a common currency for new members

The BRICS group consists of Brazil, Russia, India, China and South Africa, and the summit is being held in Johannesburg, South Africa, from April 22 to 24.

First Citizens sues HSBC for hiring away Silicon Valley Bank staff

The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain

World Bank seeks grants, new capital to fight global crises

Anna Bjerde, World Bank Managing Director for Operations, speaks to Reuters during an interview at The World Bank office in Taguig, Metro Manila

Julius Baer shares slump as money inflows show little gain from Credit Suisse woes

The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerlan

Austrian banks unaffected by banking turmoil, finance minister tells Neue Zuercher Zeitung

Austria's government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country's financial sector

Foxconn plans $800 million investment in southern Taiwan

Bank rescues ease crisis fears but investors worry it's not enough

Baidu shares drop to 8-week lows after company reveals ChatGPT rival

During a livestreamed release event Thursday, Baidu CEO Robin Li emphasized the company’s product — called Ernie bot — is not perfect.

Banks take advantage of Fed crisis lending programs

Check out the companies making headlines in extended trading.