Business
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
By David French, Echo Wang and Alun John (Reuters) – Startup-focused lender SVB Financial Group became the largest bank to fail since…
Business
US set to further tighten chipmaking exports to China – Bloomberg News
(Reuters) – The Biden administration is working to further tighten restrictions on exporting semiconductor manufacturing gear to China, Bloomberg News reported on…
Business
Spain’s antitrust watchdog fines Telefonica over DTS takeover terms
(Reuters) – Spain’s antitrust watchdog on Friday imposed a 6-million-euro ($6.35 million) fine on Telefonica for commercial practices, such as permanence clauses…
Business
Europe’s banks sucked into global rout as high rates reality hits home
By Alun John, Marc Jones and John O’Donnell LONDON/FRANKFURT (Reuters) – European bank shares tumbled on Friday in the wake of a…
Business
Mitsubishi Motors to sell only EVs, hybrids by mid-2030s
TOKYO (Reuters) -Mitsubishi Motors Corp plans for hybrid and battery electric vehicles to account for all new car sales by the middle…
Business
Amid trade dispute, US and EU to seek minerals agreement, talks on subsidies
WASHINGTON (Reuters) – Amid trade frictions, President Joe Biden and European Commission President Ursula von der Leyen hold talks on Friday that…
Business
China’s February credit grows faster than expected, supporting recovery
By Judy Hua and Kevin Yao BEIJING (Reuters) -China reported unexpectedly strong credit growth for February, with money supply expanding at the…
Business
Silicon Valley Bank shares plunge on stock-sale plan to stem cash burn
(Reuters) -SVB Financial Group shares plunged more than 62% on Thursday, a day after the lender launched a $1.75 billion share sale…
Business
Software firm Blackbaud to pay $3 million for misleading disclosures on ransomware attack – SEC
WASHINGTON (Reuters) – Software company Blackbaud Inc has agreed to pay $3 million to settle charges it made misleading disclosures about a…
Business
JPMorgan must hand over CEO Dimon’s records in Jeffrey Epstein lawsuit
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Thursday ordered JPMorgan Chase & Co to hand over more documents concerning…