European bank stocks plunge again as SVB market turmoil continues
Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while US large banks failed to hold onto a ...
Experts flag moral hazard risk as US intervenes in SVB crisis
US regulators may have stemmed a banking crisis by guaranteeing deposits of collapsed Silicon Valley Bank (SVB), but some experts warn that the move has encouraged bad investor behaviour.
Following ...
Bank rescue buys stability at a high price
The biggest US banks are so tied up in regulatory red tape that they couldn’t cause a crisis if they tried. The 16th largest, though? That’s a different ...
Silicon Valley Bank’s fall widens systemic cracks as cheap money vanishes
Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets ...
Explainer: What caused Silicon Valley Bank’s failure?
SVB Financial Group Inc’s (SIVB.O) shutdown and takeover by banking regulators on Friday can be traced to the US Federal Reserve raising interest rates and souring the risk ...
US weighs new fund to backstop deposits if more banks fail
The US 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 ...
Tesla hits the brakes but rare earths juggernaut rolls on
Tesla (TSLA.O) will eliminate the use of rare earths in its next-generation electric vehicles (EV).
The big reveal at the company’s investor day last week caused a sell-off ...
Rice into low-carbon plastic: bringing hope to a struggling Fukushima town
Jinichi Abe grins as he watches diggers working earth near his rice fields, knowing they are returning still more fields to productivity after Fukushima nuclear reactors exploded and sprayed the ...
Breeders of new fish hope to tickle taste buds of salmon, cod and tuna lovers
Fish farming can make food supplies more stable while itself becoming more sustainable, according to researchers in Hungary and Norway.
By Pieter Devuyst
Attention seafood lovers! Gabor Hetyey strongly recommends ...
Nissan to overhaul electric powertrains for EVs, hybrids in search of cost cuts
Nissan on Thursday said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered ...
EU gender balance on company boards
By Charles Ellinas
On the occasion of this year’s International Women’s Day on 8 March, the results of a study by BNP Paribas published on 6 March shows that the ...
Silvergate’s planned liquidation fuels another crypto rout
Silvergate Capital Corp (SI.N), one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily.
MARKET REACTION:
Shares ...
Silicon Valley Bank scrambles to reassure clients after 60 per cent stock wipe-out
SVB Financial Group (SIVB.O) scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60 per cent and ...
German heating can’t be made 100 per cent electric, suppliers say
German heating system suppliers said they can roll out electric heat pumps to households on a large scale to replace oil and gas boilers and protect the climate, but lawmakers ...
Inflation scare over? The case for and against sticky inflation
Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead.
Yes, headline inflation across major developed economies has retreated from multidecade highs, ...
Britain’s early retired resist calls to work, despite higher living costs
In their fifties and deciding there was more to life than work, Liz and Ian Woodbridge quit stressful jobs during the pandemic – part of a cohort of British early retirees ...
Bayer plans to spend $1 bln on US pharma R&D in 2023-US pharma head
Bayer AG (BAYGn.DE) plans to spend $1 billion on drug research and development in the US this year as it works to double its sales in the country by the ...
Crypto stocks slide after Silvergate decides to shut down
Shares of crypto-focused companies fell on Thursday after Silvergate Capital Corp (SI.N) disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX’s implosion last ...
Turkish lira falls to record low near 19 to the dollar
Turkey’s lira weakened to a fresh record low of 18.9620 against the dollar on Thursday, as investors weigh the economic impact of massive earthquakes that hit the country last month.
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Egypt’s headline inflation soars to 31.9 per cent in February
Egypt’s annual urban consumer inflation rate in February leapt to a higher-than-expected 31.9 per cent, its highest in five and a half years, from 25.8 per cent in January, data from ...
Crypto-focused bank Silvergate plans to wind down following blow from FTX
Crypto-focused bank Silvergate Capital Corp (SI.N) said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of ...
Credit Suisse equities business under the microscope after revenue crash
Equities revenue plummeted 95 per cent in the fourth quarter
Bank earlier informally looked at options for unit
Bank declines to comment on ‘rumours and speculation’
At the grandiose Fontainebleau Miami ...
EBRD to invest 1.5 bln euros in Turkey’s earthquake-hit regions
The European Bank for Reconstruction and Development (EBRD) said on Thursday that it will invest up to 1.5 billion euros ($1.6 billion) in the next two years to support reconstruction and recovery ...
India’s oil deals with Russia dent decades-old dollar dominance
US-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India – Russia’s top outlet for seaborne crude – ...