March 21 (Reuters) – SVB Financial Group and the federal regulator that shuttered its Silicon Valley Bank unit said at a hearing in bankruptcy court on Tuesday that a fight looms over more $2 billion of the money from the former parent company that was seized with the lender. SVB Financial, which filed for bankruptcy … Read more
Brussels proposes an exception for electric fuel cars from 2035 Germany still considering draft EU proposal Berlin sees the state of technology as problematic Objective to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new cars with internal combustion engines … Read more
First Republic Bank tumbles by suspending its dividend SVB Financial files for bankruptcy protection FedEx jumps on boost to full-year earnings forecast Indices down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street fell on Friday at the end of a tumultuous week marked by the unfolding crisis in the … Read more
European stocks rise at the start of European trading The ECB raised by 50 basis points and lowered its forecast First Republic Bank receives $30 billion injection, concerns persist Fed data showed banks seeking record emergency liquidity LONDON, March 17 (Reuters) – European stock indices rose in early trading on Friday, extending the rally from … Read more
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence, after a slump in its equities has intensified fears of a global banking crisis. The bank’s announcement, which came in the middle of the night in Zurich, … Read more
February Retail Sales, Lower Producer Inflation Credit Suisse US shares hit all-time low Shares of regional banks fall NEW YORK, March 15 (Reuters) – U.S. stocks pared losses on Wednesday evening but the Dow Jones and S&P 500 still closed lower as Credit Suisse problems rekindled fears of a banking crisis, eclipsing bets on a … Read more
CHICAGO, March 14 (Reuters) – Tyson Foods Inc (TSN.N) will close two U.S. chicken plants with nearly 1,700 employees on May 12, the company said on Tuesday. The closures show that America’s biggest meat company by sales is still trying to figure out how to improve its chicken business which has struggled for years. Tyson … Read more
February CPI in line with expectations Regional banks rebound Meta rises on more layoff plans Uber and Lyft win after California court ruling Indices up: Dow 0.23%, S&P 0.82%, Nasdaq 1.24% NEW YORK, March 14 (Reuters) – Wall Street rebounded on Tuesday as inflation data broadly in line with target and waning contagion fears in … Read more
LONDON/SINGAPORE, March 13 (Reuters) – Banking stocks in Europe and Asia plunged on Monday as the U.S. decision to guarantee deposits at collapsed tech lender Silicon Valley Bank failed to reassure investors of financial strength from other banks. Europe’s STOXX banking index (.SX7P) fell 4.3%, after losing 3.78% on Friday, leaving it on track for … Read more
LOS ANGELES, March 12 (Reuters) – Hollywood stars will walk a champagne-colored carpet at the Oscars on Sunday when organizers aim to keep the spotlight on ‘Everything Everywhere All at Once’, ‘Top Gun: Maverick’ and other nominated films that brought the crowds back to the cinema. In the event of an unexpected twist, a crisis … Read more
