Business
Volkswagen to invest $193 billion over 5 years to hit EV target
By Victoria Waldersee BERLIN (Reuters) – Volkswagen plans to invest 180 billion euros ($193 billion) over the next five years in areas…
Business
Canada’s tech start ups face financing hurdles with SVB collapse
By Maiya Keidan and Divya Rajagopal TORONTO (Reuters) – Last week’s sudden collapse of Silicon Valley Bank (SVB) could choke funding for…
Business
Spain may cancel remaining Airbus A400M orders -sources
By Belén Carreño, Inti Landauro and Tim Hepher MADRID/PARIS (Reuters) -Doubts are growing over the future of Madrid’s remaining orders for the…
Business
FDIC names former Fannie Mae chief as CEO of Silicon Valley Bank
(Reuters) -The Federal Deposit Insurance Corporation on Monday named former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon…
Business
Futures pare gains as bank stocks drag on SVB contagion fears
By Amruta Khandekar and Shristi Achar A (Reuters) -U.S. stock index futures pared early gains on Monday as Silicon Valley Bank’s (SVB)…
Business
U.S. FDIC Corp transfers SVB deposits to new bridge bank
(Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) has transferred all deposits of the Silicon Valley Bank to a newly created…
Business
‘No relation to SVB’: India’s SVC Bank acts to calm depositors amid brand name confusion
By M. Sriram MUMBAI (Reuters) – A little-known Indian bank moved to assure depositors their money is safe after the collapse of…
Business
Instant view: Bank stocks tank, markets rethink rate-hike path
(Reuters) – Global bank shares slid on Monday even as U.S. authorities moved swiftly to stem contagion following the collapse of startup-focused…
Business
Silicon Valley Bank deposits to be available Monday – US officials
WASHINGTON (Reuters) – Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday. “Depositors…
Business
Futures higher but World markets set for aftershocks as SVB collapse ripples out
By Dhara Ranasinghe and Scott Murdoch SYDNEY (Reuters) -Markets were set for a bumpy ride this week as the fallout from collapsed…