Biden pledges ‘whatever needed’ as banks feel force of SVB fallout NEW YORK: US President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the... Published 14 Mar, 2023 03:18am
Business & Finance Dollar slides as Fed rate hike expectations slump on SVB collapse NEW YORK: The dollar fell on Monday as markets bet the Federal Reserve will be less aggressive in raising interest... Published 14 Mar, 2023 03:18am
Markets Major Gulf bourses subdued on SVB jitter; Saudi edges up Most major Gulf stock markets fell on Monday, shrugging a slight gain in oil prices, as investors were a little... Published 13 Mar, 2023 02:06pm
Markets HSBC buys failed US bank SVB’s UK arm for £1 LONDON: The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 ($1.2) in a rescue... Updated 13 Mar, 2023 02:13pm
Markets Most Asian markets sink after US lender’s collapse HONG KONG: Most Asian markets fell Monday as the closure of two regional US banks sparked fears of contagion in the... Published 13 Mar, 2023 12:49pm
Markets Biden to defend US banking system after SVB, Signature collapse WASHINGTON: President Joe Biden will on Monday address a banking crisis that led US regulators to step in with a... Published 13 Mar, 2023 12:06pm
Markets Australia, NZ dollars firm after US intervenes in SVB failure SYDNEY: The Australian and New Zealand dollars rebounded from their four-month lows on Monday after US regulators... Published 13 Mar, 2023 10:38am
Markets Bitcoin, USDC stablecoin rally after US intervenes on SVB SINGAPORE: Bitcoin and other cryptocurrencies rallied on Monday after US authorities announced plans to limit the... Published 13 Mar, 2023 10:15am
Markets Gulf stock markets in red as bank worries spread DUBAI: Most stock markets in the Middle East ended lower on Sunday, with the Egyptian bourse leading the declines, ... Published 13 Mar, 2023 06:15am
World IMF says it's monitoring implications for financial stability from SVB collapse WASHINGTON: The International Monetary Fund (IMF) said on Sunday it was monitoring potential implications for... Published 13 Mar, 2023 12:06am
World India tech minister says to meet startups on SVB fallout MUMBAI: India’s state minister for technology said on Sunday he will meet start-ups this week to asses the impact on... Published 12 Mar, 2023 08:13pm
World UK PM Sunak recognises ‘anxiety’ over Silicon Valley Bank collapse LONDON: British Prime Minister Rishi Sunak said on Sunday he recognised the “anxiety” over the collapse of Silicon... Published 12 Mar, 2023 07:54pm
World South Korea finance minister: monitoring impacts from Silicon Valley Bank crisis SEOUL: South Korea’s finance minister said on Sunday the country was closely monitoring any impact from the collapse... Published 12 Mar, 2023 01:31pm
Markets US Federal Reserve governors to hold closed-door Monday The US Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures... Published 12 Mar, 2023 01:00pm
World What caused Silicon Valley Bank’s failure? NEW YORK: SVB Financial Group Inc’s shutdown and takeover by banking regulators on Friday can be traced to the U.S.... Updated 11 Mar, 2023 06:51pm
Business & Finance US authorities seize control of Silicon Valley Bank NEW YORK: US authorities on Friday shut Silicon Valley Bank to protect depositors and will reopen branches on Monday... Published 11 Mar, 2023 03:16am
Business & Finance Banking regulators close SVB, move quickly to avert crisis California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial... Published 10 Mar, 2023 11:04pm