By Krystal Hu, Anna Tong and Ananya Mariam Rajesh (Reuters) – SVB Financial Group scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares. SVB, which does business as …
Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-out Read More »
(Reuters) – Shares of SVB Financial Group tumbled 40% in premarket trading on Friday, piling on to steep losses logged a day earlier after the embattled lender’s plans for a capital-raise fueled concerns about the strength of its balance sheet. The stock was trading at $63.99 before the bell and was on course to open …
SVB Financial shares slide again on concerns over balance sheet Read More »
By David Shepardson and Valerie Insinna (Reuters) -The Federal Aviation Administration (FAA) on Friday approved Boeing to resume deliveries of its widebody 787 Dreamliner next week after the planemaker addressed recent concerns raised by the agency. The agency halted 787 deliveries on Feb. 23 due to a data analysis error related to the jet’s forward …
FAA approves restarting Boeing 787 Dreamliner deliveries next week Read More »
By Valentine Hilaire (Reuters) -Panama’s trade minister expects the remaining authorities in the Central American nation will approve the text of an agreement reached with Canada’s First Quantum Minerals to regulate its operations at a major copper mine. The contract meets “the best interests for the country,” Minister Federico Alfaro Boyd told Reuters on Friday, …
Panama minister expects contract with First Quantum will get green light Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed more than 1% on Friday after better-than-expected U.S. employment data, though both benchmarks fell more than 3% on the week on U.S. interest rate hike jitters. Brent rose $1.19, or 1.5%, to $82.78 a barrel. U.S. West Texas Intermediate crude (WTI) was up 96 cents, or 1.3%, …
By Jason Lange and Alexandra Ulmer WASHINGTON (Reuters) -A fundraising group tied to Florida Governor Ron DeSantis raised close to $10 million in February, a major haul as the Republican eyes running for president next year, according to a financial disclosure released on Friday. The disclosure by the Friends of DeSantis group, which was formed …
DeSantis fundraising group raises close to $10 million Read More »
By Noel Randewich and Caroline Valetkevitch (Reuters) -Shares of U.S. banks extended recent losses on Friday, with regional banks hit hardest, as SVB Financial Group’s failure reverberated across the financial industry. A California banking regulator closed SVB, putting the tech-heavy lender into receivership in the largest bank failure since the 2008 financial crisis. The state …
U.S. bank stocks fall further as regulators shutter SVB Financial Read More »
Por Rae Wee NUEVA YORK, 10 mar (Reuters) -El dólar se debilitó el viernes después de que los datos del informe de desempleo de Estados Unidos de febrero mostraran que las presiones inflacionarias estaban disminuyendo, lo que provocó una caída de los rendimientos de los bonos del Tesoro y minó parte de la fortaleza reciente …
By Herbert Lash NEW YORK (Reuters) – The dollar weakened on Friday after U.S. labor data for February showed slower wage growth, suggesting an easing of inflation pressures may keep the Federal Reserve’s pace of interest rate hikes modest and thereby reduce the greenback’s appeal. The U.S. economy added jobs at a brisk clip in …
Dollar weakens after U.S. jobs data suggests slower rate hike path Read More »
(Reuters) – The Chicago mayor’s office said on Friday a $23.8 million settlement has been reached with Juul Labs Inc over claims that the e-cigarette maker deceptively marketed its products and for selling vaping products to underage users. The once red-hot vaping company is currently facing thousands of lawsuits filed across the United States over …
Juul reaches settlement with Chicago for nearly $24 million Read More »
