By Naomi Rovnick, Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) – Lawyers from Switzerland, the United States and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bo[...]
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March 20, 2023
Credit Suisse rescue eases crisis fears, First Republic shares dive
By Noel Randewich, Medha Singh and Ankika Biswas (Reuters) – Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a bro[...]
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U.S. states urge Hyundai, Kia to do more to tackle theft risk
By David Shepardson WASHINGTON (Reuters) -A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor and Kia Corp and said they need do more to address problems with millions of U.S. v[...]
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Exclusive-Thermo Fisher, Celltrion vie for Baxter’s biopharma unit -sources
By Anirban Sen and David Carnevali (Reuters) -U.S. scientific instruments maker Thermo Fisher Scientific Inc and South Korea’s Celltrion Inc are among those competing to acquire the biopharma so[...]
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Marketmind: Europe, US reverse bank jitter sell-offs: will Asia follow?
By Stephen Culp (Reuters) – A look at the day ahead in Asian markets from Stephen Culp. Global market skittishness over whether contagion is afoot within the banking sector appears to be waning.[...]
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FTX sues liquidators of its Bahamian affiliate over crypto exchange ownership
By Dietrich Knauth (Reuters) -Bankrupt crypto exchange FTX has sued the liquidators overseeing the wind-down of its Bahamian affiliate FTX Digital Markets, accusing them of wrongly claiming ownership[...]
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Bank stocks gain as markets digest Credit Suisse rescue
By Koh Gui Qing and Marc Jones NEW YORK/LONDON (Reuters) – Bank stocks rallied on Monday and a cross-asset scramble for safety abated, as investors heaved a tentative sigh of relief that a histo[...]
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Ritchie Bros completes $7 billion IAA acquisition
(Reuters) -Canada’s Ritchie Bros Auctioneers Inc said on Monday it had completed the acquisition of U.S. auto retailer IAA Inc, weeks after two proxy advisory firms urged shareholders to reject[...]
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TikTok hits 150 million U.S. monthly users, up from 100 million in 2020
By David Shepardson WASHINGTON (Reuters) -TikTok said on Monday the short-video sharing app now has 150 million monthly active users in the United States, up from 100 million it said it had in 2020. T[...]
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