Article content SINGAPORE/LONDON, March 13 (Reuters) – Bank shares in Europe and Asia slid on Monday, as the collapse of startup-focused Silicon Valley Bank continued to shake markets, although U.S. banking stocks rallied in premarket trading after authorities moved to stem the contagion. Article content The U.S. government stepped in on Sunday with a series […]
Article content MOSCOW — Russia’s industry ministry said on Monday it was expanding its list of brands that can be imported without the trademark owner’s permission to include goods from companies such as IKEA and American toy manufacturers Hasbro and Mattel. Moscow has been pushing a so-called “parallel imports” scheme to help Russian consumers maintain […]
Article content Chinese President Xi Jinping is planning to travel to Russia to meet with his counterpart, Vladimir Putin, as soon as next week, people familiar with the matter said, which would be sooner than previously expected. Plans for a visit come as China has been offering to broker peace in Ukraine, an effort that […]
Article content German airline passengers faced disruption on Monday, with scores of flights canceled at Berlin airport as ground staff went on strike over pay. Article content Hamburg, Hanover and Bremen airports are also affected by walkouts and flight cancellations. The Verdi labor union is pushing for improved pay and conditions as workers grapple with […]
Article content LONDON — British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimize damage” resulting from the chaos engulfing the UK arm of Silicon Valley Bank. “We will bring forward immediate plans to ensure the short-term operational […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Kevin Yao Published Mar 12, 2023 • 3 minute read Join the conversation Article content BEIJING — Yi Gang’s surprise re-appointment as China’s central bank governor on Sunday means a pro-market mind of high international stature will continue to represent the world’s second-largest economy on […]
Breadcrumb Trail Links PMN Business China reappointed several top economic officials in a leadership reshuffle Sunday, giving investors greater continuity as Beijing overhauls financial regulation and grapples with escalating tensions with the US. Author of the article: Bloomberg News Bloomberg News Published Mar 12, 2023 • 4 minute read Join the conversation f8vu7)kw]pg22osm[0an5cqq_media_dl_1.png Bloomberg RSS […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Summer Zhen Published Mar 12, 2023 • 3 minute read Join the conversation Article content SHANGHAI — China stock investors, already disillusioned by Beijing’s lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, […]
Article content (Bloomberg) — Saudi Aramco followed oil-producing rivals by reporting blowout annual earnings and increasing its dividend, though its profit dipped in the fourth quarter as high interest rates slowed major economies. Article content The world’s biggest energy company made net income of $161 billion in 2022, the most since it listed in Riyadh […]
Breadcrumb Trail Links PMN Business France’s troubled nuclear industry is supposed to be in revival, but the discovery of further defects at some reactors this week is stoking fears that the year ahead could be just as difficult as the last. Author of the article: Bloomberg News Francois de Beaupuy, Celia Bergin and Todd Gillespie […]