HSBC saves the UK branch of the distressed Silicon Valley Bank

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

Champagne carpet and crisis team ready for Sunday’s Oscars celebration

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

Saudi Aramco announces record profit of $161.1 billion in 2022

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