ASIA

First Republic shares dive on contagion fears, dragging US regional banks

US authorities focused on stability, First Republic as the Fed meets

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March 22 (Reuters) – U.S. regulators are set to consider steps to further bolster financial stability on Wednesday, along with scenarios to tackle the problems regional lender First Republic Bank still faces. While recent market turmoil has subsided, the Federal Reserve’s meeting is now the main focus, with traders divided over whether the US central …

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Nvidia pairs with Oracle, other cloud providers to spread AI technology

Nvidia pairs with Oracle, other cloud providers to spread AI technology

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March 21 (Reuters) – Nvidia Corp ( NVDA.O ) Chief Executive Jensen Huang unveiled new cloud computing services on Tuesday alongside Oracle Corp ( ORCL.N ) and others as it rolled out a range of new artificial intelligence technologies based on its chips and software. “The iPhone moment for AI has started,” Huang said in …

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India's technology minister plans to meet startups on SVB fallout

India’s technology minister plans to meet startups on SVB fallout

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MUMBAI, March 12 (Reuters) – India’s technology minister said on Sunday he will meet start-ups this week to assess the impact on them of Silicon Valley Bank’s ( SIVB.O ) collapse, as concern over the fallout for the Indian growing startup sector. California banking regulators shut down Silicon Valley Bank (SVB) on Friday after a …

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SpaceX capsule returns crew of four from space station mission

SpaceX capsule returns crew of four from space station mission

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WASHINGTON, March 11 (Reuters) – Four crew members aboard a SpaceX Crew Dragon capsule splashed down off Florida’s Gulf Coast on Saturday, returning safely from a five-month science mission on the International Space Station. The SpaceX capsule, called Endurance, parachuted off the coast of Tampa just after 1 p.m. 21 EST (0200 GMT) with two …

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SVB collapse may heighten China's stock investor anxiety

SVB collapse may heighten China’s stock investor anxiety

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HONG KONG, March 12 (Reuters) – Chinese stock investors, already disillusioned by Beijing’s lower-than-expected economic growth target for the year, will be further depressed by the shock collapse of U.S. lender SVB Financial Group, market participants said. China’s CSI300 index (.CSI300) fell 4% last week, while Hong Kong’s Hang Seng (.HSI) fell 6% as China’s …

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SVB is the largest bank failure since the financial crisis in 2008

SVB is the largest bank failure since the financial crisis in 2008

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California regulator closes SVB, appoints FDIC as receiver SVB focused on lending to start-ups; branches reopen Monday FDIC to sell bank assets; ‘chaos’ reported during withdrawals Bank shares fall in the US and Europe, but well-placed lows Crisis reveals banks’ “vulnerabilities” amid rising interest rates March 10 (Reuters) – Startup-focused lender SVB Financial Group ( …

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S&P 500 ends slightly higher ahead of Powell's testimony, data to come

Wall St falls on bank stocks fall, jobs report tremors

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Investors await Friday’s jobs report Bank shares fall after SVB announces share sale General Electric rises after reiterating forecast Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – Wall Street’s three major stock indexes closed lower on Thursday, with bank shares the biggest drag, while investors also worried that Friday’s jobs report …

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China's consumer inflation slowest in a year, making way for more stimulus

China’s consumer inflation slowest in a year, making way for more stimulus

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In February, consumer inflation fell Feb. producer deflation deepened Inflation will not limit supportive monetary policy BEIJING, March 9 (Reuters) – China’s annual consumer inflation fell to the lowest rate in a year in February as consumers remained cautious despite the abandonment of strong pandemic controls late in 2022. Combined with persistent producer deflation, which …

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China January-February trade falls again as global demand falters

China January-February trade falls again as global demand falters

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BEIJING, March 7 (Reuters) – China’s exports for the January-February period fell, pointing to continued weakness in foreign demand and supporting government concerns that a global slowdown will hamper the country’s recovery from damage from the pandemic. Imports also fell, government data showed on Tuesday, also reflecting weak foreign demand as the country sources parts …

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