March 21 (Reuters) – SVB Financial Group (SIVB.O) said on Tuesday that the U.S. Federal Deposit Insurance Corporation had taken “inappropriate steps” to cut it off from cash held by its former subsidiary Silicon Valley Bank, which has been seized by regulators to stem a run on national banks. SVB Financial took the charges to … Read more
March 21 (Reuters) – Russian President Vladimir Putin on Tuesday condemned British plans to send tank munitions containing depleted uranium to Ukraine, saying Moscow would be forced to respond accordingly. Speaking in London on Monday, Minister of State for Defense Annabel Goldie said some of the ammunition for the Challenger 2 main battle tanks that … Read more
Brussels proposes an exception for electric fuel cars from 2035 Germany still considering draft EU proposal Berlin sees the state of technology as problematic Objective to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new cars with internal combustion engines … Read more
March 21 (Reuters) – As crisis grips the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The infamously volatile cryptocurrency looks positively buoyant, much like a banking meltdown pushes markets into the arms of a recession. Bitcoin is up 21% this month, while a choppy S&P 500 lost 1.4% … Read more
WASHINGTON, March 20 (Reuters) – Hard-line Republicans in the House of Representatives vowed on Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000, throwing a major hurdle to a key tool regulators could deploy if banks rush again. as financial confidence falters. The Republican House Freedom Caucus said … Read more
JERUSALEM, March 20 (Reuters) – An Israeli minister responsible for administering the occupied West Bank was sentenced on Monday after saying there was no Palestinian history or culture and there was no no Palestinian people. Finance Minister Bezalel Smotrich also angered neighboring Jordan for speaking at a podium covered in what appeared to be a … Read more
TOKYO/NEW DELHI, March 20 (Reuters) – Japanese Prime Minister Fumio Kishida on Monday announced a new plan to promote an open and free Indo-Pacific, pledging billions of dollars in investment to help economies across the region all areas, from industry to disaster. prevention. The plan he announced in New Delhi is seen as Tokyo’s attempt … Read more
March 20 (Reuters) – U.S. banking stocks rose on Monday and European lenders rebounded from a strong early sell-off after the state-backed takeover of Credit Suisse by UBS Group appeared to wipe out a source of concern for the global banking sector. In a package designed by Swiss regulators on Sunday, UBS Group AG (UBSG.S) … Read more
TAIPEI, March 20 (Reuters) – Former Taiwan President Ma Ying-jeou is “at the disposal of his host” when it comes to meeting senior leaders during a trip to China this month, but he is not expected to travel to Beijing, a senior official said an official in Ma’s office on Monday. Ma will be the … Read more
March 19 (Reuters) – Ecuadorian and Peruvian authorities worked on Sunday to assess the damage caused by the previous day’s strong earthquake that shook the region, killing at least 15 people and injuring hundreds. The 6.8-magnitude quake hit Ecuador’s coastal province of Guayas midday on Saturday, with residents reporting tremors across much of the country … Read more