By Rajesh Kumar Singh and Kannaki Deka CHICAGO (Reuters) -United Airlines Holdings Inc on Monday forecast an unexpected loss in the current quarter, citing lower demand as well as higher costs from a[...]
Read more
March 13, 2023
Australia consumer mood stuck in the doldrums in March
SYDNEY (Reuters) – Australian consumer sentiment stayed stuck at historically depressed levels in March amid concerns over inflation and interest rates, a survey showed on Tuesday, with the appe[...]
Read more
Chinese start-ups scramble for alternatives to SVB
By Samuel Shen, Kane Wu and Roxanne Liu SHANGHAI/HONG KONG (Reuters) -Stunned by the sudden collapse of Silicon Valley Bank, the main go-to foreign bank for the majority of Chinese start-ups, entrepre[...]
Read more
Venture capitalists weigh ‘long-shot plan’ to preserve parts of SVB -FT
(Reuters) – Venture capital firms are working on a “long-shot plan” to preserve parts of Silicon Valley Bank (SVB) in a move to keep servicing their clients in the technology sector,[...]
Read more
Biden pledges ‘whatever needed’ for U.S. bank system as SVB meltdown roils markets
By Trevor Hunnicutt, Alun John and Rae Wee (Reuters) – Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take action to ensure the safety of the U.S. banking sy[...]
Read more
Sliding bank shares drag Wall Street down in choppy trade
By David Carnevali NEW YORK (Reuters) – Sliding bank shares dragged Wall Street down on Monday with investors worried about contagion from the Silicon Valley Bank collapse, but trade was choppy[...]
Read more
Fitch downgrades and withdraws Signature Bank’s ratings
(Reuters) – Rating agency Fitch on Monday downgraded Signature Bank’s long-term corporate ratings to ‘D’ from ‘BBB+’ after state regulators closed the New York-base[...]
Read more
SVB fall casts shadow on early-stage U.S. biotech
By Patrick Wingrove (Reuters) – The collapse of Silicon Valley Bank will leave early-stage biotechnology companies with a funding void, investors and analysts said on Monday, but larger, publicl[...]
Read more
Canada’s tech start ups face financing hurdles with SVB collapse
By Maiya Keidan and Divya Rajagopal TORONTO (Reuters) – Last week’s sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada’s technology start-ups and place them[...]
Read more