Page 410 - Bloomberg

Fed, social media contributed to bank's collapse, says SVB's former CEO

Becker said comparisons by the media between SVB and Silvergate Capital Corp., which announced plans to wind down just days before his bank's seizure, contributed to SVB's failure

World's biggest plant for Ethanol jet fuel expected to open in 2025

The plant will eventually produce enough jet fuel to power thousands of flights per year, according to Summit Agricultural, run by entrepreneur Bruce Rastetter

WeWork co-founder buys a hip clothing brand, starts a senior center

McKelvey paid $10 million last year for a controlling stake in American Giant, a made-in-the-USA apparel brand that became famous in 2012 for creating a sweatshirt called the greatest hoodie ever made

Samsung Electronics chief meets Elon Musk on possible hi-tech alliance

Lee and Musk held the meeting at Samsung's semiconductor research center in Silicon Valley on Wednesday, South Korea's Yonhap said on Sunday

All but one Adani Group stocks decline, two hit the lower circuit

Adani Green was also scheduled to hold its board meeting but deferred it to May 24, citing 'certain exigencies'

Musk loses appeal of 'Twitter sitter' dispute with SEC over Tesla posts

The court in Manhattan on Monday ruled against Musk's free speech claims just days after a three-judge panel heard arguments in the case on Thursday

Microsoft's $69 billion Activision Blizzard deal wins EU's approval

EU antitrust chief Margrethe Vestager on Monday described the deal as 'pro-competitive' and that it would kickstart the cloud streaming market

Suella Braverman warns immigration threatens UK's 'national character'

'It's not racist for anyone, ethnic minority or otherwise, to want to control our borders,' said Braverman, whose parents are of Indian origin and emigrated to Britain from Kenya and Mauritius

Bank actively seeking ESG debt deals, says C Suisse's MD after takeover

The Swiss bank stands out as a pioneer in a corner of environmental, social and governance investment known as debt-for-nature swaps, a market that it has so far dominated

Even after FTX's collapse, most influential crypto cos follow own rules

The lack of effective corporate governance and due diligence conducted on FTX's books raised eyebrows around the world. But for crypto industry watchers, it's not an unfamiliar tale

Goldman Sachs moves past 1MDB scandal with new office in Abu Dhabi

Goldman Sachs's new outpost will open in Abu Dhabi Global Market, pending final regulatory approval, according to an internal memo seen by Bloomberg News

'Bangkok Spring' sets up showdown over role of monarchy in Thailand

Pita Limjaroenrat, the 42-year-old Harvard-educated leader of Move Forward, staked his claim to becoming Thailand's prime minister after his party won the most seats

European Union's carbon emissions fall in climate boost as economy grows

Emissions in the EU fell by 4% in the fourth quarter compared with a year earlier, according to Eurostat data published Monday. Gross domestic product climbed 1.5% over the same timeframe

UK's 'greedflation' concerns are groundless, says ex-BOE rate setter

Saunders, a member of the Monetary Policy Committee between 2016 and 2022, found that profit margins in the manufacturing and services sectors have slipped below the long-run average

George Soros's firm among top bidders to acquire Vice out of bankruptcy

Vice's rapid downfall underscores the challenges facing digital media companies, which are struggling as advertisers cut spending during an uncertain economy

Adani stocks have seasonality to help in recovery from $100 billion rout

Stocks of at least four companies controlled by billionaire Gautam Adani - including the conglomerate's flagship Adani Enterprises Ltd. - show a strong tendency to climb in the second half of year

US investors eye gold, treasuries, Bitcoin as debt-limit default risk peaks

Traditional haven currencies like the Japanese yen and the Swiss franc had some fans, but each were less popular than the US dollar or, perhaps more strikingly Bitcoin

China opens new channel giving access to $3 trn swap market with Hong Kong

China has set a 20 billion yuan ($2.9 billion) daily limit for net trading under Swap Connect, and instruments eligible include swaps referencing the seven-day fixing repurchase rate

Thailand's pro-democracy groups dominate vote after decade of military rule

Emerging as the biggest winner of the night, Move Forward leader Pita Limjaroenrat was greeted Sunday evening by supporters shouting "Prime minister! prime minister! prime minister!"

Nearly $196-million jewellery auctions in Geneva set world record

The first one totaled 138.3 million Swiss francs ($154 million), already setting a world record for a single-owner jewelry sale