Silicon Valley Bank: 500 jobs cut by new owner First Citizens
The move comes two months after SVB's collapse triggered fears of a banking crisis.
2023-05-25 11:22
Debt ceiling deal: The sticking points holding things up
President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.
2023-05-23 05:25
UK to ban Russian diamonds, US sanctions target major gold miners
LONDON (Reuters) -Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel on Friday and announced new
2023-05-20 03:18
VW completes sale of Kaluga plant in Russia
BERLIN Volkswagen has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the
2023-05-19 17:56
Ukrainian firms venture abroad for growth as war hits home
By Olena Harmash KYIV Almost as soon as Russia invaded Ukraine last year, Ukrainian businessman Rostyslav Vovk realised
2023-05-19 14:21
Exclusive-Pentagon accounting error overvalued Ukraine weapons aid by $3 billion -sources
By Mike Stone WASHINGTON (Reuters) -The Pentagon overestimated the value of the ammunition, missiles and other equipment it sent to
2023-05-19 01:50
EU's Borrell asks for 3.5 billion boost to fund used for Ukraine military aid
By Andrew Gray BRUSSELS (Reuters) -European Union foreign policy chief Josep Borrell has proposed adding 3.5 billion euros ($3.85 billion)
2023-05-18 03:51
Russia approves sale of Volkswagen plant to domestic dealership
A Russian government commission has approved the sale of Volkswagen's main factory in Russia to a domestic car
2023-05-16 01:45
In the Market: Why US regional banks are doomed to a doom loop
By Paritosh Bansal Banking regulators have been pushed by market volatility in recent weeks into doing things that
2023-05-15 13:22
Pakistan's political crisis will deepen its economic misery
The political unrest that's engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country's economic crisis.
2023-05-13 02:27
As PacWest shares dive, are we seeing the 2008 financial crisis all over again?
If the current banking crisis looks like '08, sounds like '08 and feels like '08, is it '08 all over again? Using abductive reasoning, the answer is yes.
2023-05-12 01:52
PacWest Bank shares fall 30% as crisis prompts customers to yank deposits
Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.
2023-05-11 21:56