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EU leaders play down bank risks as economy weakens

BRUSSELS (AP) — European Union leaders Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine. After a meeting in Brussels, the EU government heads said...

Asian stocks sink after Credit Suisse takeover

BEIJING (AP) — Asian stock markets fell Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes. Shanghai, Tokyo and Hong Kong declined. Oil prices...