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U.S. mid-tier lenders shares rise in Frankfurt after SVB deal
LONDON (Reuters) - The Frankfurt-listed shares of several mid-tier U.S. lenders rose sharply on Monday, after a buyer emerged for large chunks of embattled Silicon Valley Bank's deposits and loans, wh...
Syndicated Content Mar 27, 2023
Largest strike in decades leaves Germany at a standstill
BERLIN/FRANKFURT (Reuters) - Airports and bus and train stations across Germany were at a standstill on Monday morning, disrupting millions of commuters and travellers at the start of the work week du...
Syndicated Content Mar 27, 2023
Aussie start-up firm SafetyCulture appoints Tesla Chair as director
(Reuters) - Australian technology firm SafetyCulture on Monday said it has appointed Robyn Denholm, chair of electric vehicle maker Tesla Inc, as a director to its board. Blackbird Ventures-backed Saf...
Syndicated Content Mar 27, 2023
SVB deal soothes broader markets, but default stress haunts banks
By Anirban Sen and Renju Jose (Reuters) -A buyer for large chunks of Silicon Valley Bank's deposits and loans helped cast an uneasy calm over fragile markets on Monday, which have been roiled by worri...
Syndicated Content Mar 27, 2023
Alibaba founder Jack Ma returns to China for school visit – SCMP citing sources
BEIJING (Reuters) - Alibaba founder Jack Ma has returned to China and visited a school he founded in the city of Hangzhou, the South China Morning Post reported on Monday, citing sources. Ma, who is a...
Syndicated Content Mar 27, 2023
First Citizens Bank to buy SVB’s deposits, loans from FDIC
(Reuters) - First Citizens Bank & Trust Co will buy all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement. (Reporting...
Syndicated Content Mar 27, 2023
Saudi Aramco inks $12.2 billion China oil refinery, petchem complex deal
By Florence Tan and Chen Aizhu SINGAPORE (Reuters) -Saudi Aramco signed an agreement with Chinese partners on Sunday for an oil refinery and petrochemical project in northeast China that is expected t...
Syndicated Content Mar 27, 2023
Marketmind: Banks are leaking money
A look at the day ahead in European and global markets from Wayne Cole It's been a quiet Monday so far with Asian share markets mixed but U.S. and European stock futures higher, perhaps because they g...
Syndicated Content Mar 26, 2023
Analysis-US bank trading and deposits in focus after rollercoaster month
By Tatiana Bautzer and Nupur Anand New York (Reuters) - As U.S. banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits are among the key numbers to watch w...
Syndicated Content Mar 26, 2023
China’s Baidu cancels ChatGPT-like Ernie bot’s livestreamed product launch
BEIJING (Reuters) - Chinese search engine giant Baidu on Monday cancelled a planned livestreamed product launch open to media and public related to its ChatGPT-like Ernie bot. The launch was meant to ...
Syndicated Content Mar 26, 2023
Peoria, IL, USA
58 °F Light Rain, Mist
