Article content S&P has not placed other U.S. banks on CreditWatch negative since First Republic Bank as it has not seen widespread deposit outflows, the ratings agency said on Tuesday, hours after Moody’s cut its outlook on the U.S. banking system to negative. The collapse of Silicon Valley Bank had sparked a crisis of confidence […]
Article content S&P has not placed other U.S. banks on CreditWatch negative since First Republic Bank as it has not seen widespread deposit outflows, the ratings agency said on Tuesday, hours after Moody’s cut its outlook on the U.S. banking system to negative. The collapse of Silicon Valley Bank had sparked a crisis of confidence […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Liangping Gao and Ryan Woo Published Mar 15, 2023 • 3 minute read Join the conversation Article content BEIJING — China’s embattled property sector made new progress in its climb out of a months-long slump as official data for January-February on Wednesday showed much narrower […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Liangping Gao and Ryan Woo Published Mar 15, 2023 • 3 minute read Join the conversation Article content BEIJING — China’s embattled property sector made new progress in its climb out of a months-long slump as official data for January-February on Wednesday showed much narrower […]
Article content SAN FRANCISCO — Self-driving trucking startup Gatik will double its workforce by year end, a top executive said, after it announced a deal on Wednesday with grocer Kroger Co to transport goods within its Dallas, Texas network. Gatik, which operates traditional mid-sized trucks fitted with its autonomous technology, aimed to expand to 15 […]
Article content SAN FRANCISCO — Self-driving trucking startup Gatik will double its workforce by year end, a top executive said, after it announced a deal on Wednesday with grocer Kroger Co to transport goods within its Dallas, Texas network. Gatik, which operates traditional mid-sized trucks fitted with its autonomous technology, aimed to expand to 15 […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Scott Murdoch and Julie Zhu and Kane Wu Published Mar 14, 2023 • 3 minute read Join the conversation Article content HONG KONG — Chinese battery giant CATL’s plan to raise at least $5 billion in Swiss global depository receipts (GDR) has been delayed as […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Lucy Craymer Published Mar 14, 2023 • 2 minute read Join the conversation Article content WELLINGTON — When cruises started taking bookings at the end of the COVID-19 pandemic, Australians Eunice and John Rowley quickly made plans for their first ever visit to New Zealand. […]
Article content ZURICH — Credit Suisse released its delayed annual report on Tuesday in which it identified “material weaknesses” in its internal controls over financial reporting and said it had not yet stemmed customer outflows. “As of December 31, 2022, the Group’s internal control over financial reporting was not effective, and for the same reasons, […]
Article content (Bloomberg) — Sanofi agreed to buy Provention Bio Inc. in a $2.9 billion deal intended to bolster the French drugmaker’s portfolio of diabetes medicines with a new therapy recently approved in the US. Article content The takeover builds on an agreement between the two companies for the commercialization of the drug, a monoclonal […]