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Gold flirts with record highs after topping $2,000 an ounce
By Peter Hobson LONDON (Reuters) - Gold traded at record highs in some currencies on Monday and neared all-time peaks in U.S. dollar terms after banking sector turmoil sent prices of the safe haven as...
Syndicated Content Mar 20, 2023
FDIC to break up SVB, seeks separate sale of private unit
(Reuters) -The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposits unit and its private bank after...
Syndicated Content Mar 20, 2023
Startup behind Stable Diffusion releases AI system for generating videos from text
By Anna Tong SAN FRANCISCO - Runway, the startup that co-created the popular Stable Diffusion AI image generator, has released an AI model that takes any text description - such as "turtles flying in ...
Syndicated Content Mar 20, 2023
Indonesia sets aside $455 million to subsidise electric motorcycle sales
JAKARTA (Reuters) - Indonesia will allocate 7 trillion rupiah ($455.88 million) in state funds to subsidise electric motorcycle sales through 2024, officials said on Monday, as it pushes mass adoption...
Syndicated Content Mar 20, 2023
SVB Financial Group files ‘First Day Motions’ in bankruptcy court
(Reuters) - SVB Financial Group on Monday filed a number of "First Day Motions" to seek authorization from a bankruptcy court to support the operations of the company's SVB Capital and SVB Securities ...
Syndicated Content Mar 20, 2023
Former Kingsdale executive Fein launches new proxy solicitation firm
NEW YORK (Reuters) - A former top executive at proxy solicitor Kingsdale Advisors on Monday said he launched a new firm amid growing demand for advice on engaging with shareholders as corporate agitat...
Syndicated Content Mar 20, 2023
Pinduoduo owner’s revenue falls short on weak China consumer spending
By Chavi Mehta and Casey Hall (Reuters) -PDD Holdings Inc, which owns discount e-commerce platforms Pinduoduo and Temu, missed expectations on Monday for fourth-quarter revenue as China's post-reopeni...
Syndicated Content Mar 20, 2023
Factbox-Ernie vs ChatGPT on global leaders
By Eduardo Baptista BEIJING (Reuters) - Baidu's unveiling of its Ernie bot last week thrust the Chinese search engine giant into a race against global tech peers Microsoft and Google who are also buil...
Syndicated Content Mar 20, 2023
China to import 27 new video games, including Tencent, NetEase titles
By Josh Ye HONG KONG -China's online gaming regulator on Monday granted licences to 27 foreign games in March, including titles to be published by Tencent Holdings, NetEase Inc and Bilibili Inc. Among...
Syndicated Content Mar 20, 2023
German economy heading for contraction in Q1, Bundesbank says
FRANKFURT (Reuters) - Germany's economy will shrink again in the first quarter of the year and underlying inflation could prove to be stubborn even if overall price growth is likely to slow sharply so...
Syndicated Content Mar 20, 2023
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