US authorities support depositors UK deal ends frantic weekend talks UK Finance Minister: Safe Deposits LONDON, March 13 (Reuters) – HSBC (HSBA.L) bought the struggling UK arm of Silicon Valley Bank on Monday for a token pound, rescuing a key lender to Britain’s tech start-ups and helping to curb fallout from the biggest bank failure … Read more
https://tmsnrt.rs/2zpUAr4 US authorities act to stabilize banks Markets speculate on less aggressive Fed hikes Short-term Treasury yields fall, Fed futures jump SYDNEY, March 13 (Reuters) – U.S. stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors were betting … Read more
LONDON, March 12 (Reuters) – Markets were set for a bumpy ride this week as the fallout from the collapse of startup lender Silicon Valley Bank (SVB), the biggest U.S. bank failure since the crisis fiscal 2008, coincide with key economic data and political meetings. US inflation figures for February are due out on Tuesday, … Read more
Record net profit from $110 billion in 2021 The Board of Directors recommends the issuance of free shares to eligible shareholders Aramco declares $19.5 billion fourth quarter dividend DUBAI, March 12 (Reuters) – Saudi oil giant Aramco (2222.SE) on Sunday reported record annual net profit of $161.1 billion for 2022, up 46% from a year … Read more
HONG KONG, March 12 (Reuters) – Chinese stock investors, already disappointed by Beijing’s weaker-than-expected economic growth target for the year, will be further discouraged by the sharp collapse of U.S. lender SVB Financial Group, market participants said. China’s CSI300 index (.CSI300) fell 4% last week, while Hong Kong’s Hang Seng (.HSI) fell 6% amid China’s … Read more