Category Archives:
China reappoints central bank chief, finance minister
BEIJING (Reuters) - China's rubber-stamp parliament, the National People's Congress, on Sunday unexpectedly reappointed Yi Gang, 65, as governor of the People's Bank of China and Liu Kun, 66, as finan...
Mar 11, 2023
Explainer-How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment
By Hyunsu Yim SEOUL (Reuters) - South Korean K-pop pioneer SM Entertainment Co Ltd is poised to fall under the grip of social media giant Kakao Corp after HYBE Co Ltd, the agency representing boy band...
Mar 11, 2023
‘History will hold Donald Trump accountable’ for Jan. 6, Pence says
By Andrea Shalal, Trevor Hunnicutt and Gram Slattery WASHINGTON (Reuters) -Former U.S. Vice President Mike Pence offered his most forceful rebuke to date of his one-time boss Donald Trump on Saturday,...
Mar 11, 2023
China unexpectedly retains central bank chief, finance minister
By Joe Cash BEIJING (Reuters) - China kept its central bank governor and finance minister in their posts on Sunday, an unexpected move at the annual session of the rubber-stamp parliament, during whic...
Mar 11, 2023
US weighs new fund to backstop deposits if more banks fail, Bloomberg News says
(Reuters) - The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in ...
Mar 11, 2023
Silicon Valley Bank’s investment banking arm explores buying firm back -Bloomberg News
(Reuters) - The managers of Silicon Valley Bank's investment banking arm, SVB Securities Management, are exploring ways to buy the firm back from its parent, Bloomberg News reported on Saturday, citin...
Mar 11, 2023
Biden speaks with California governor about Silicon Valley Bank – White House
WASHINGTON (Reuters) - U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank failure and efforts to address the situation, the White House said...
Mar 11, 2023
FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says
(Reuters) - The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is racing to sell assets and make a portion of clients' uninsured deposi...
Mar 11, 2023
Parthenon Marbles return possible without ownership accord, campaigners say
LONDON (Reuters) - The return of the British Museum's Parthenon Marbles to Greece is possible even if the two sides cannot come to an agreement over who owns the sculptures, a campaign group working t...
Mar 11, 2023
UK finance minister and Bank of England work to contain SVB fallout
LONDON (Reuters) -Britain's finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK arm of Silicon Valley Bank, which has been seized...
Mar 11, 2023
Peoria, IL, USA
69 °F Thunderstorm In Vicinity
