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The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that appeared to have abated just a few weeks ago. Traders now bet the Federal Reserve is practically done hiking interest …

Ukrainian President Volodymyr Zelenskiy has extended an invitation to Chinese President Xi Jinping to visit, the Associated Press reported on Wednesday. “We are ready to see him here,” Zelenskiy told the news agency in an interview. Xi has not talked to Zelenskiy since Russia’s attacks in Ukraine in February last …

Steel giant Hoa Sen Group set its lowest profit target of VND100 billion ($4.25 million) for 2023, lowest in 10 years,. Of its two financial scenarios for the year, the first was based on a projected sales of 1.4 million tons of steel products, which would fetch a revenue of …