[ad_1] March 12 (Reuters) – Interest from two early suitors for Silicon Valley Bank (SIVB.O) – PNC Financial Group Inc (PNC.N) and Royal Bank of Canada (RY.TO) – had cooled…
Tag: Biz
Turnaround prospects from Covid setbacks look bright for biz travel
[ad_1] The pipeline for 2023 and beyond looks full as well — according to the forecast update, ‘meeting levels will recover to 106.3 percent of 2019 levels in 2023 and…
India’s Adani prepays $2.15 billion share-backed loans
[ad_1] March 12 (Reuters) – Adani Group said it had completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline…
Six Hong Kong-listed firms say their deposits at SVB are immaterial
[ad_1] HONG KONG, March 12 (Reuters) – Six Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed cash deposits at Silicon Valley Bank on Sunday, adding that their exposure to the…
Exclusive: Deutsche Bahn bets on Huawei for railway digitalisation despite security concerns
[ad_1] DB chooses Huawei tech for digitalisation of rail network Critics worry could allow Beijing to disrupt railway Comes amid calls to make critical infrastructure more resilient Berlin soon to…
US preparing to stem SVB fallout with ‘material action’-sources
[ad_1] NEW YORK, March 12 (Reuters) – U.S. authorities were preparing “material action” on Sunday to shore up deposits in Silicon Valley Bank and stem any broader fallout from its…
Aramco’s Nasser says oil market tightly balanced
[ad_1] DUBAI, March 12 (Reuters) – Aramco’s chief executive Amin Nasser said on Sunday the market would remain tightly balanced in the short to medium term, adding that he was…
Saudi sovereign wealth fund near $35 billion deal for Boeing jets, WSJ says
[ad_1] March 11 (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) is close to a deal to order Boeing commercial jets for the fleet of a new national airline, the…
UK finance minister and Bank of England work to contain SVB fallout
[ad_1] LONDON, March 11 (Reuters) – Britain’s finance ministry and the Bank of England are working together to minimise the disruption that could stem from a collapse of the UK…