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March 20, 2023
PIMCO Lost $340 Million With Credit Suisse AT1 Bonds Write-off – Source
By Davide Barbuscia NEW YORK (Reuters) – Bond giant PIMCO lost about $340 million on a category of Credit Suisse…
Asia Stocks Bounce Gingerly But Bank Fears Lurk
By Tom Westbrook SINGAPORE (Reuters) – Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse…
Switzerland’s Secretive Credit Suisse Rescue Rocks Global Finance
By John O’Donnell and Andres Gonzalez ZURICH (Reuters) – Days before a hastily convened press conference late on Sunday that…
US Firm Says Mexican Authorities Illegally Seized Its Port Terminal
By Sarah Morland MEXICO CITY (Reuters) -U.S. construction materials firm Vulcan Materials Co said on Monday that Mexican security forces…
Former Director Of Tesla Australia Sentenced For Insider Trading
(Reuters) -A former director of Tesla Inc’s Australian unit was sentenced to two years and six months imprisonment and will…
Credit Suisse rescue eases crisis fears, First Republic shares dive
By Noel Randewich, Medha Singh and Ankika Biswas (Reuters) – Shares of U.S. lender First Republic tumbled nearly 50% on…
Exclusive-Thermo Fisher, Celltrion Vie For Baxter’s Biopharma Unit -sources
By Anirban Sen and David Carnevali (Reuters) -U.S. scientific instruments maker Thermo Fisher Scientific Inc and South Korea’s Celltrion Inc…
The Canary Is Alive And Chirping A Year Into Fed’s Rate Hiking Cycle
By Howard Schneider WASHINGTON (Reuters) – Utah homebuilder Ivory Homes still has a pipeline of several hundred houses under construction,…
Coinbase Halts Support For Signature Bank’s Digital Payments Platform
(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank’s digital payments platform…
Amazon Deepens Tech-sector Gloom With Another 9,000 Layoffs
By Jeffrey Dastin and Tiyashi Datta (Reuters) – Amazon.com Inc on Monday said it would axe another 9,000 roles, piling…