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SVB Financial seeks bankruptcy protection for reorganization
(Reuters) -SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Va...
Syndicated Content Mar 17, 2023
Bank of England weighs up ending its rate hike run
By William Schomberg and Jonathan Cable LONDON (Reuters) - The Bank of England must decide next week whether to halt its long run of interest rate hikes or push them up again, probably for one last ti...
Syndicated Content Mar 17, 2023
Rome hopes to reverse decline and relive La Dolce Vita
By Giselda Vagnoni ROME (Reuters) - Romans hope that an alignment of the stars will halt a generations-long decay of the Eternal City that is as beautiful as it is disorganised. After years of declini...
Syndicated Content Mar 17, 2023
ECB supervisors see no contagion to euro zone from bank turmoil, source says
FRANKFURT (Reuters) - European Central Bank supervisors meeting on Friday saw no contagion to euro zone banks from the market turmoil that has engulfed Credit Suisse and some U.S. lenders, a source sa...
Syndicated Content Mar 17, 2023
Geely Chair Li Shufu sells his stake in Daimler Truck
BERLIN (Reuters) - Tenaciou3 Prospect Investment has sold its entire stake in Daimler Truck, a Daimler Truck spokesperson said on Friday. "We can confirm that ... investor Tenaciou3 Prospect Investmen...
Syndicated Content Mar 17, 2023
What is Generative AI, the technology behind OpenAI’s ChatGPT?
(Reuters) - Generative artificial intelligence has become a buzzword this year, capturing the public's fancy and sparking a rush among Microsoft and Alphabet to launch products with technology they be...
Syndicated Content Mar 17, 2023
FedEx jumps after lifting profit view amid pressure on e-commerce parcel volume
(Reuters) - Shares of FedEx Corp surged over 11% before the bell on Friday, after aggressive cost cuts helped the freight bellwether lift its profit forecast despite falling e-commerce package volumes...
Syndicated Content Mar 17, 2023
Russia’s Sberbank recommends record dividend payout – CEO
(Reuters) -The board of Russia's largest lender, state-owned Sberbank, has recommended paying a dividend of 25 roubles ($0.3260) per share and a total payout of a record 565 billion roubles, CEO Germa...
Syndicated Content Mar 17, 2023
Analysis-SVB’s climate tech clients face humbling funding questions
By Ross Kerber and Isla Binnie BOSTON / NEW YORK (Reuters) - For years Silicon Valley Bank was a lender of choice for climate technology startups keen to tap specialised support for early-stage compan...
Syndicated Content Mar 17, 2023
Farming and tourism under threat as winter drought dries up France’s Lake Montbel
By Manuel Ausloos PARIS (Reuters) - Set at foot of the Pyrenees mountains, Lake Montbel is famous in south-west France for its turquoise waters, massive size and thriving aquatic life. But as spring n...
Syndicated Content Mar 17, 2023
Peoria, IL, USA
45 °F Overcast
