China releases top chip investor to bolster semiconductor efforts
China has released a top chip investor after an eight-month detention as the country battles to bolster its semiconductor industry...
Finance
Bank shares slide as Janet Yellen plays down ‘blanket’ deposit guarantee
US Treasury secretary Janet Yellen ruled out a broad expansion of deposit insurance to protect savers with balances above $250,000...
SVB Financial clashes with FDIC over fate of $2bn in bankruptcy hearing
Lawyers for the part of Silicon Valley Bank that has been put into bankruptcy protection accused US bank regulators of...
Venezuela’s oil minister resigns amid PDVSA corruption probe
Venezuela’s oil minister has resigned amid a widening corruption probe into Petróleos de Venezuela SA (PDVSA), the state oil company.Tareck El...
Central banks announce dollar liquidity measures to ease banking crisis
The Federal Reserve and five other leading central banks have taken fresh measures to improve global access to dollar liquidity...
BlackRock explored rival Credit Suisse takeover bid
BlackRock drew up a rival bid for Credit Suisse that would trump a plan blessed by the Swiss central bank...
Have you got zaddy issues?
Of all the unlikely cultural archetypes to have emerged in 2023, the zaddy is the one I was expecting least....
Wall Street banks to deposit $30bn into First Republic
The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its...
Swiss central bank offers Credit Suisse liquidity backstop
The Swiss central bank said it would provide a liquidity backstop to Credit Suisse after the lender’s shares fell by...
KPMG stands by audits of Silicon Valley Bank and Signature Bank
KPMG’s US boss said it stood behind its audits of Silicon Valley Bank and Signature Bank, which collapsed within days...
Aukus allies unveil plan to supply Australia with nuclear-powered submarines
The US, UK and Australia have unveiled a decades-long project to supply Canberra with nuclear-powered submarines, entering a historic partnership...
UK prepares cash lifeline for tech companies hit by Silicon Valley Bank collapse
The UK chancellor is preparing a dramatic intervention to provide a lifeline to scores of tech businesses as he seeks...
Crypto group Circle admits $3.3bn exposure to failed Silicon Valley Bank
Circle, the operator of one of the world’s largest stablecoins, has said $3.3bn of its reserves are trapped in Silicon...
Silicon Valley Bank shut down by US banking regulators
Silicon Valley Bank was shuttered by US regulators on Friday after a rush of deposit outflows and a failed effort...
US sanctions Chinese companies for supplying parts used in Iranian drones
US president Joe Biden’s administration has imposed new sanctions against a group of Chinese companies it said was supplying parts...
