Texas adds HSBC to energy sanctions list

A Texas official on Monday added HSBC Holdings to an energy sanctions list, widening a crackdown on companies which in the state's view are too focused on energy transition.

newspaper

20-03-2023

Samsung wins jury trial in 'S10' trademark lawsuit

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 agency that also uses the "S10" name.

newspaper

20-03-2023

Factbox-Goldman Sachs lowers oil price forecasts for 2023, 2024

Goldman Sachs lowered its crude price forecast for this year and 2024, citing a recent slump in oil prices due to banking stress, recession fears, and an exodus of investor flows.

newspaper

20-03-2023

China keeps lending benchmarks unchanged in March, as expected

China kept its benchmark lending rates unchanged for the seventh straight month in March, as expected, after the central bank surprised markets last week by moving to lower the amount of cash banks must set aside as reserves.

newspaper

20-03-2023

UBS to take over Credit Suisse, central banks act on liquidity

LONDON/NEW YORK (Reuters) -UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday.

newspaper

19-03-2023

UBS to take over Credit Suisse to stem global crisis of confidence

UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday.

newspaper

19-03-2023

China's central bank warns SVB failure shows impact of rapid global rate hikes- state media

A senior official at the People's Bank of China said on Saturday the collapse of Silicon Valley Bank (SVB) showed how rapid monetary policy shifts were having spillover effects, state-owned newspaper Shanghai Securities News reported.

newspaper

18-03-2023

Rocket maker Astra seeks more time to avert Nasdaq delisting

WASHINGTON (Reuters) -Astra Space this week asked Nasdaq for more time to bring its stock price above $1 to avoid being delisted from the U.S. stock exchange, the company said Thursday as it tries to revamp its rocket business against financial headwinds.

newspaper

17-03-2023

Instant View: ECB sticks with big rate hike even as bank fears roil markets

The European Central Bank pushed through another big increase in interest rates on Thursday, sticking to its inflation fight despite turmoil in financial markets that has raised fears about a global banking crisis.

newspaper

16-03-2023