SVB Loans, Deposits Sold To First Citizens Bank: US
First Citizens Bank will buy "all the deposits and loans" of Silicon Valley Bank, after it went bankrupt at the beginnin... Read more
Baidu Scraps Public Launch For ChatGPT-like Product
Mainland search engine giant Baidu on Monday cancelled a planned livestreamed product launch related to its ChatGPT-like... Read more
Elon Musk Puts Twitter's Value At Just US$20 Billion
Elon Musk has put the current value of Twitter at US$20 billion, less than half the US$44 billion he paid for the social... Read more
'Glaze' Software Aims To Protect Art From Copycat AI
Researchers at the University of Chicago have released free "Glaze" software that they say can thwart efforts by generat... Read more
Swiss Finance Minister Defends Banks' Merger
Switzerland's finance minister defended the shotgun merger between the country's two largest banks in an interview with ... Read more
US Markets End Higher, Despite Bank Jitters
US stocks shook off gloomy banking news from across the Atlantic to end higher on Friday, as market sentiment improved a... Read more
Tax Exemptions Planned To Lure In Family Businesses
Hong Kong is to offer tax exemptions and a new capital investment entrant scheme as part of efforts to attract family bu... Read more
HK On Watch For Banking Trouble Spillover: Eddie Yue
Hong Kong Monetary Authority chief Eddie Yue says the SAR needs to watch carefully for any further "spillover" from US r... Read more
US Charges Korean Crypto Fugitive After Arrest
Fugitive South Korean cryptocurrency entrepreneur Do Kwon, accused of orchestrating a multi-billion-dollar fraud that sh... Read more
US Markets Gain But European Bourses Stutter
Wall Street closed higher but European markets wobbled on Thursday as investors weighed fresh interest rate hikes by cen... Read more
Hong Kong Stocks Open With Gains
Hong Kong shares opened slightly higher on Thursday morning, ignoring losses on Wall Street, although traders remained o... Read more
Banks Hold Firm After HKMA, Fed Hike Rates
Several banks announced on Thursday that they're holding rates unchanged despite the Hong Kong Monetary Authority’s mo... Read more
US Stocks Slump After Ninth Straight Fed Rate Hike
Wall Street stocks tumbled into the red on Wednesday after the Federal Reserve unveiled a ninth straight interest rate h... Read more
US Fed Lifts Key Interest Rate Amid Banking Turmoil
The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing ... Read more
UK Inflation Unexpectedly Accelerates To 10.4pc
British annual inflation unexpectedly accelerated in February despite central bank efforts to tame a growing cost-of-liv... Read more