The $15 billion scramble for Japan’s Toshiba went from bang to whimper
Toshiba Corp’s (6502.T) auction was supposed to ignite a race for top-dollar bids among global private equity firms. Instead, it brought months of uncertainty and...
business
More food shortages could add to Britain’s price pressure
Britons already reeling from the biggest rise in food prices since 1977 may have to get used to shortages of fresh vegetables as soaring costs...
After SVB sale, White House says banking system is ‘safe’
The White House said on Monday that the US banking system is safe despite stress on some institutions after two American banks collapsed, ratcheting up...
US banking concerns shift from crisis to growth woes
After the collapse of two US banks and record outflows from smaller lenders, the banking industry is shifting its concern from an immediate crisis to...
How First Republic’s courtship of the wealthy led to meltdown
First Republic Bank (FRC.N) became the epicentre of the US regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started...
US regulator sues top crypto exchange Binance, CEO for ‘willful evasion’
The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday...
Companies pay up to $500,000 for sustainability ratings
Companies are spending up to half a million dollars a year on a sustainability rating to meet investor demands for such data, yet are often...
Turmoil in the financial sector and Cypriot banks
By Ioannis Tirkides Surely the collapse of Silicon Valley and Signature banks in the United States, and even the takeover of Credit Suisse by UBS,...
Billionaire Ambani adopts familiar playbook in India cola battle vs Coke, Pepsi
Indian industrial giant Reliance is reviving a historic local cola brand with plans to use its vast retail network, slash prices and tap nationalist sentiment...
What’s behind bitcoin’s latest surge?
At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a 2022 defined by tumbling crypto...
