Finance

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