Showing of 1-20 result
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8 hours ago | Reuters
Oil prices hit lowest levels since 2021 on banking fears recession
The slide in oil occurred despite an historic deal in which UBS, Switzerland's largest bank, agreed to buy Credit Suisse in an attempt to rescue the country's second-biggest bank
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9 hours ago | Reuters
JPMorgan CEO leading talks for new First Republic rescue plan: Report
A spokesperson for First Republic pointed to an earlier statement where the bank said it was "well-positioned to manage short-term deposit activity"
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13 hours ago | Reuters
UN chief urges faster shift to 'net zero' after report shows climate threat
New climate report details urgent need to cut emissions
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13 hours ago | Reuters
BioNTech signs deal to co-develop OncoC4's cancer antibody drug
A late-stage trial for the drug has been planned for this year, the companies said
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13 hours ago | Reuters
FDIC to break up Silicon Valley Bank, seeks separate sale of private unit
It will seek bids for Silicon Valley Private Bank until March 22 and for the bridge bank until March 24
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15 hours ago | Reuters
Supreme Court directs market regulator to refund Rs 3 bn to NSE
The top court also refused to stay a tribunal order, which had set aside the regulator's ruling against NSE, the lawyers added
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18 hours ago | Reuters
Relief over Credit Suisse deal crumbles as focus shifts to bond risks
In a package orchestrated by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse Group AG and assume up to $5.4 billion in losses
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22 hours ago | Reuters
Govt may extend diesel, gasoline export curbs beyond March 31: Report
The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries
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22 hours ago | Reuters
Indian rupee, bond yields await Fed Reserve's policy move for cues
The move could bring early relief to the market when they open on Monday. The rupee non-deliverable forwards market signalled a slightly weaker rupee on open
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20-Mar-2023 | Reuters
Central banks try to calm markets after UBS deal to buy Credit Suisse
Soon after the announcement late on Sunday, the US Federal Reserve, European Central Bank and other major central banks came out with statements to reassure markets
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18-Mar-2023 | Reuters
India's economic, banking systems strong even amid global turmoil: PM Modi
"Amidst a global crisis, today India's economic system is strong, the banking system is strong. This is the power of our institutions," Modi said
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18-Mar-2023 | Reuters
UBS eyeing swoop for Credit Suisse amid fears of banking contagion
UBS AG was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse, sources said
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18-Mar-2023 | Reuters
Credit Suisse under pressure to merge with UBS, meets to weigh options
Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG
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18-Mar-2023 | Reuters
Credit Suisse meets to weigh options, under pressure to merge with UBS
Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scenarios for the bank
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18-Mar-2023 | Reuters
Credit Suisse faces crunch weekend as lifeline offers limited reprieve
The 167-year-old Swiss bank is the biggest name ensnared by market turmoil unleashed by the collapse of US lenders Silicon Valley Bank and Signature Bank over the past week
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18-Mar-2023 | Reuters
UBS in talks to buy embattled Swiss rival Credit Suisse, says report
The boards of Switzerland's two biggest lenders are set to meet separately over the weekend to discuss a deal, the FT said, citing multiple people briefed on the talks
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17-Mar-2023 | Reuters
ESOPs: Market regulator Sebi could tweak regulations for start-ups
Sebi does not want founders to own stock options if they have rights akin to those enjoyed by promoters, the sources with direct knowledge of the matter said
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17-Mar-2023 | Reuters
SpaceX, Netflix, Boeing to join US business mission to Vietnam: Report
Over 50 firms, including defence, pharmaceutical, and tech will participate
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17-Mar-2023 | Reuters
YouTube is restoring Trump's channel after over two-year suspension
Meta Platforms Inc had reinstated Trump's Facebook and Instagram accounts earlier this year, while his Twitter account was restored in November by new owner Elon Musk
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17-Mar-2023 | Reuters
Wall Street falls on banking crisis worries; First Republic Bank tumbles
Indexes down: Dow 0.63%, S&P 0.36%, Nasdaq 0.25%
