Dollar Edges Up As U.S. Inflation Data Poses Quandary For Fed
By Herbert Lash NEW YORK (Reuters) -The dollar edged higher on Tuesday as traders set aside a fairly strong reading…
March 2023
Amgen Is Sued For Concealing $10.7 Billion Tax Bill From Investors
By Jonathan Stempel (Reuters) – Amgen Inc has been sued in a proposed class action accusing the drugmaker of waiting…
Novo Nordisk Plans To Cut Insulin Prices In U.S. By Up To 75%
(Reuters) -Drugmaker Novo Nordisk said on Tuesday it would cut list prices for several insulin drugs by up to 75%…
Volkswagen Invests In Batteries, Raw Materials In Race For Affordable EV
By Victoria Waldersee BERLIN (Reuters) – Volkswagen plans to invest 180 billion euros ($193 billion) over five years in areas…
Crypto Exchange Binance To Halt Sterling Transfers
By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) – Binance is halting its sterling deposits and withdrawals, a company spokesperson…
Chinese Consumers Out Of COVID Gates With Caution, Rather Than Zest
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – Chinese consumers, unshackled from COVID-19 restrictions, are returning to hotels, restaurants…
JPMorgan, Other Big U.S. Banks Flooded With New Clients Post SVB Collapse-FT
(Reuters) -A wave of customers have applied to shift their accounts to large U.S. banks such as JPMorgan Chase &…
Credit Suisse Executive Board Will Not Receive A Bonus For 2022
ZURICH (Reuters) – Credit Suisse group’s executive board took home 32.2 million Swiss francs ($35.27 million) in fixed compensation while…
SVB Contagion Fears Hammer Banks, Roil Markets
SINGAPORE (Reuters) – Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a…
Factbox-SVB Collapse May Prompt Fed To Go Slow On Rate Hikes
(Reuters) -Traders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next week as…