PRESS DIGEST-Financial Times - March 16

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 16 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


Headlines - Swiss central bank offers Credit Suisse liquidity backstop - Jeremy Hunt's budget offers 9 bln pound business tax break and surprise pension boost - Brussels to curb imports of Chinese green tech - Raiffeisen seeks to swap 400 mln euros with Sberbank in 'financial prisoner exchange'


Overview - Swiss regulators pledged a liquidity lifeline to Credit Suisse after the flagship Swiss lender's shares tumbled as much as 30% on Wednesday. - UK's finance minister Jeremy Hunt' budget gave a 9 billion pounds ($10.86 billion) corporate tax breaks to boost weak business investment besides a mix of childcare and pension reforms. - The European Union is planning to introduce restrictions on the import of green technologies from China, reducing the chances of Chinese companies winning public contracts and creating additional barriers for buyers seeking subsidies - Raiffeisen Bank International AG is looking at a swap deal with Russia's Sberbank in which they will exchange 400 million euros worth of profits trapped in Russia in exchange for Sberbank's frozen cash in Europe.



($1 = 0.8286 pounds) (Compiled by Bengaluru newsroom)

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