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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
Parts of Twitter source code leaked online, court filing shows
(Reuters) - Some parts of Twitter Inc's source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, a legal filing showe...
Syndicated Content Mar 26, 2023
Japan’s business services prices perk up near BOJ’s inflation target
By Leika Kihara TOKYO (Reuters) -Japan's business-to-business services inflation picked up in February on a tourism rebound and rising labour costs, data showed, offering the central bank hope that st...
Syndicated Content Mar 26, 2023
In inflation-hit Germany, massive strike over pay to cripple transport
By Klaus Lauer and Tom Sims BERLIN/FRANKFURT (Reuters) - A massive strike in Germany was set to begin early Monday, crippling mass transport and airports in one of the biggest walkouts in decades as E...
Syndicated Content Mar 26, 2023
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