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Timeline: Road to First Republic Bank's collapse; to be sold to JPMorgan

Last week, First Republic reported a more than $100 billion plunge in deposits in the first quarter that sparked a brutal sell-off in the lender's shares

US FDA panel backs restricted use of AstraZeneca's prostate cancer drug

Lynparza is already approved by the FDA to treat a type of breast cancer, ovarian cancer, as well as a different form of prostate cancer

Twitter to take 10% cut on content subscriptions after 12 months: Elon Musk

He added that the cut taken by iOS and Android platforms on subscriptions will drop to 15% in the second year from 30% in the first

Gasoil, gasoline sales of PSUs rose by 4.8% in April to 238,500 tonnes

Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity

India's April factory activity hits 4-month high of 57.2 on robust demand

The survey results suggest India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries

Currencies in limbo amid Labour Day holiday in most Asian markets

Weighing on risk sentiment on Monday was the unexpected contraction in China's manufacturing activity in April

SoftBank Group's chip maker Arm registers for blockbuster US IPO

The IPO registration shows that SoftBank is pressing ahead with the blockbuster offering despite adverse market conditions, after saying in March that it planned to list Arm in the US stock market

G7 nations agree on 'risk-based' artificial intelligence regulation

Governments have especially paid attention to the popularity of generative AI tools such as ChatGPT

PM Modi, US President Joe Biden to meet in Papua New Guinea next month

Biden's May 22 stopover in the capital Port Moresby would be the first visit by a sitting US president to the resource-rich but largely undeveloped country of 9.4 mn people just north of Australia

Sudan crisis: Fighting continues, ceasefire set to end at midnight

Army says heavily armed wing of police force deployed; ICRC delivers emergency medical aid

UBS looks to bring Tom Naratil back and mulls Swiss bank spin-off

UBS executives have repeatedly said that all options were still on the table concerning Credit Suisse's domestic business

Twitter to allow publishers to charge users per article basis starting May

Since taking over the social media firm in October, Musk has swiftly moved through a number of product and organizational changes

Sudan conflict threatens supply of key ingredient for Coca-Cola, Pepsi

The capital Khartoum has been brought to a standstill in the fighting that broke out on April 15, paralysing the economy and disrupting basic communications

SBI Card reports surprise Q4 profit growth on higher consumer spending

Profit after tax for the quarter ended March 31 rose 2.7% to Rs 596 crore from the previous year, while analysts had expected decline in profit to Rs 542 crore

US consumer spending flat in March; core inflation still strong

The economy expanded at a 2.6% rate in the fourth quarter

At $584.25 billion, forex reserves ease from over nine-month highs

Reserves had gone up by a total of nearly $8 billion in the prior two weeks

After Reliance-Warner deal, JioCinema pricing and local content in focus

Reliance's JioCinema to lock horns with Netflix, Disney; Warner deal to boost English content, local content in focus too

Euro slips on GDP data, yen slumps as BOJ maintains ultra-low rates

Preliminary data showed gross domestic product in the euro zone expanded by 0.1% in the first quarter, below expectations in a Reuters poll for 0.2%

Singapore's Wilmar quarterly profit falls 24% on Adani JV stake dilution

Adani Wilmar is a joint venture between Adani Group, chaired by Indian billionaire Gautam Adani, and Wilmar International

China to keep up policy support for economy and focus on demand

But top leaders cautioned that the recovery is not strong enough and the country faces new obstacles upgrading and transforming it economy