By David Shepardson (Reuters) – South Carolina Governor Henry McMaster on Monday signed legislation approving $1.29 billion in state incentives for Volkswagen’s off-road brand Scout Motors[...]
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March 20, 2023
US firm says Mexican authorities illegally seized its port terminal
By Sarah Morland MEXICO CITY (Reuters) -U.S. construction materials firm Vulcan Materials Co said on Monday that Mexican security forces illegally took possession last week of its port terminal in sou[...]
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First Republic shares tumble again as liquidity fears linger
By Medha Singh and Ankika Biswas (Reuters) – Shares of First Republic Bank closed 47% lower on Monday, adding to recent losses as concerns about its liquidity continued to worry investors despit[...]
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California’s financial regulator to issue report on Silicon Valley Bank by May
(Reuters) – California’s financial regulator said on Monday it will issue a report on a comprehensive review of its own oversight and regulation of Silicon Valley Bank by early May.[...]
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Wall St ends higher as bank contagion fears ease, Fed eyed
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts to bolster confidence in the financial system relieved in[...]
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Former director of Tesla Australia sentenced for insider trading
(Reuters) -A former director of Tesla Inc’s Australian unit was sentenced to two years and six months imprisonment and will be released immediately on the condition of “good behaviour[...]
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Samsung wins jury trial in ‘S10’ trademark lawsuit
By Blake Brittain (Reuters) – Samsung Electronics Co Ltd convinced a Los Angeles federal jury on Friday that its Galaxy S10 phones do not violate the trademark rights of a talent-management agen[...]
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Canada’s banking regulator reaffirms creditor hierarchy after Credit Suisse deal angers bondholders
(Reuters) – Canada’s banking regulator said on Monday that those who hold Additional Tier 1 (AT1) and Tier 2 debt will be entitled to a more favorable outcome if a bank runs into trouble.[...]
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Bank of America halts trading with Credit Suisse electronic stocks desk -email
By Nell Mackenzie and Lananh Nguyen LONDON (Reuters) – Bank of America’s electronic stocks desk has halted trading with a desk at Credit Suisse that uses computer-led strategies, “ou[...]
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