By Foo Yun Chee BRUSSELS (Reuters) – Microsoft signed a 10-year licensing deal to bring Activision’s Call of Duty franchise to Japanese cloud gaming provider Ubitus on Wednesday, the lates[...]
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March 15, 2023
First Republic spoke to private equity before securing financing -sources
NEW YORK (Reuters) – First Republic Bank spoke to at least one private equity firm about raising capital before it secured financing from JPMorgan Chase & Co and U.S. authorities intervened[...]
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European banks battered as Credit Suisse drops over 20%
By Lucy Raitano and Danilo Masoni LONDON (Reuters) -Shares in European banks got pummeled again on Wednesday, as Credit Suisse plunged to fresh record lows after the lender’s biggest shareholder[...]
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Little relief for US consumers as sticky rents keep inflation elevated
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased solidly in February as Americans faced persistently higher costs for rents, posing a dilemma for the Federal Reserve, whos[...]
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Volkswagen hopes to finalise sales process for Russia plant soon – brand chief
(Reuters) – Volkswagen brand chief Thomas Schaefer said the carmaker hoped to finalise the sales process for its plant in Kaluga, Russia soon, though he did not give a specific timeframe.[...]
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Credit Suisse’s biggest backer says can’t put up more cash; share down by a fifth
By Rachna Uppal RIYADH (Reuters) -The head of Credit Suisse Group’s largest shareholder, Saudi National Bank (SNB), said on Wednesday it would not buy more shares in the Swiss bank on regulatory[...]
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How SVB Financial Group imploded in two days
(Reuters) -The swift downfall of SVB Financial Group, the biggest collapse of a bank since Washington Mutual in 2008, has sparked fears of contagion in the financial sector and affected every asset cl[...]
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BlackRock CEO Fink warns of financial risks, persistent inflation
By Ross Kerber (Reuters) – BlackRock Inc Chief Executive Laurence Fink warned on Wednesday the U.S. regional banking sector remains at risk after the collapse of Silicon Valley Bank and that inf[...]
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U.S. bank loan plan provides Fed rate hike path amid SVB fallout
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -A U.S. lending program to stem deposit outflows in the wake of Silicon Valley Bank’s collapse gives the Federal Reserve scope to continue raising[...]
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