08.Money News

The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.SVB Financial Group, along with its CEO and...

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StartupS in India, as elsewhere, are in trouble. Venture-capital (VC) investments in January were down by 80%, year on year, according to Inc42, an online publication....

Gold steadied into a tight range on Friday after a volatile week so far as support from lower U.S. yields countered a firm dollar, but bets...

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Chinese authorities have closed the Beijing office of Mintz Group, an American corporate due diligence firm, and detained five local staff, the company said Friday. source

When theKaufhaus des Westens (KaDeWe), a temple of consumption in West Berlin, celebrated its 115th birthday last month with a glitzy champagne party for 2,000, the...

Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. source

Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known...

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Stocks are under pressure again this morning, yields fell, and volatility rose as investors again feared instability in the banking sector. This time it’s Deutsche Bank...

<p class=”MsoNormal”>The European Securities and Markets Authority (<a href=”https://www.financemagnates.com/terms/e/esma/” class=”terms__main-term” id=”1021ff0a-dc50-434e-92f1-f73446cb0ed8″>ESMA</a>) has hit the European branch of S&amp;P, an American credit rating agency, with a fine...

In the wake of Silicon Valley Bank’s collapse and subsequent banking meltdown, cash is king. The turmoil inflicted on financial markets has sent cautious investors running...

The cost of insuring against the likelihood of default by European banks rose sharply on Friday, as concern about the outlook for the sector continued to...

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<p class=”MsoNormal”>In recent years, the use of blockchain technology in different industries has been investigated. One use where it has showed considerable promise is in food...

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<p>German lending giant Deutsche Bank faces a massive sell-off on Friday, resulting in a double-digit plummet in its shares, which came in the aftermath of the...

Editor’s note (January 30th 2023): The Adani Group has published a 413-page rebuttal to claims by Hindenburg Research, a short-seller, that its share prices have been...

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Trends Reporter, HuffPostA Twitter user has sued the company over a data breach, days after an internet hacker site posted information allegedly gleaned from more than...

Business activity across the euro zone unexpectedly accelerated this month as consumers splashed out on services, but weakening demand for manufactured goods deepened the downturn in...

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<p class=”MsoNormal”>Finance Magnates Africa Summit (FMAS:23) is coming soon, having just released its live agenda for prospective attendees. The marquee event will bring together four distinct...

Every indian business dreads waking up to a bill from the state. So too the Taj Mahal Palace. The Mumbai Port Trust, owner of the land...

November soybean futures on the Chicago Board of Trade ended lower for a thirteenth consecutive session on Thursday, the longest such streak since at least 1973...

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<p>The Central Bank of UAE (CBUAE) announced its intentions to complete the first phase of its <a href=”https://www.financemagnates.com/cryptocurrency/coins/the-rise-of-central-bank-digital-currencies-cbdcs-impacts-on-the-crypto-market/” target=”_blank” rel=”follow”>central bank digital currency</a> (CBDC) in the...

PICTURE A MECCANO set, but one made for gods. Blades as long as Big Ben is tall, rotors and tower sections the size of school buildings,...

Do Not Sell Sears Holdings, the company that owns retail stores Sears and Kmart, reportedly said this weekend that it would remove 31 Trump-branded items from...

China said it would “firmly oppose” any forced sale of TikTok, in its first direct response to demands by the Biden administration that the app’s Chinese...

Deutsche Bank shares dropped as much as 3.4% in Friday’s premarket trade, after a sharp jump in the cost of insuring against the risk of default...

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Do Not Sell Apple has joined an industry group devoted to wireless charging, strengthening existing rumors that the next iPhone will charge without a cord. The...

Not long ago, big tech was splurging on flashy office space to woo talent. Money sloshed around and a hiring boom was under way. Even as...

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<p>Compagnie Financière Tradition (CFT), a <a href=”https://www.financemagnates.com/tag/compagnie-financiere-tradition/” target=”_blank” rel=”follow”>Swiss interdealer broker</a> and operator of a Japanese retail broking giant, closed the fiscal year 2022 with a...

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<p>New York federal prosecutors have brought criminal charges against Do Kwon, the Co-Founder and CEO of collapsed crypto firm Terraform Labs, only a few hours after...

Senior Reporter, HuffPostThe Walt Disney Co. said Wednesday that it would lay off about 7,000 employees and cut costs by $5.5 billion in the coming months.Newly...

An attorney for Ray Epps, the Arizona man that January 6 conspiracy theorists falsely claim led an FBI plot to orchestrate the insurrection, demanded an on-air...

A look at the day ahead in European and global markets from Wayne ColeRead More

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Trends Reporter, HuffPostTwitter CEO Elon Musk testified Friday that his tweets aren’t that big a deal as he made an attempt to defend himself against a...

Here’s what else you need to know to Get Up to Speed and On with Your Day.source

There was big news in Canada last week—but if you were in Canada itself you may have missed it. On February 22nd it emerged that Google...

US lawmakers are set to grill TikTok’s chief executive on Thursday, in a wide-ranging hearing that could not come at a more consequential moment for the...

The European Central Bank is likely to reassure European Union leaders on Friday that euro zone banks are safe after market turbulence caused by Swiss and...

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NEW YORK (AP) — Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on...

Don’t feel bad if MSC, the Mediterranean Shipping Company, is the biggest ocean-going carrier you have never heard of. It is meant to be that way....

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