SVB Financial gets court approval to sell investment bank
(Reuters) – A U.S. bankruptcy judge on Wednesday allowed SVB Financial Group, owner of bankrupt Silicon Valley Bank, to sell…
Economy
PwC Australia ties Google to tax leak scandal, sources say
By Lewis Jackson SYDNEY (Reuters) -PwC Australia provided Google confidential information about the start date of a new tax law…
Marketmind: Yellen in China
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
Bank of America increases dividend by 9% after Fed stress test
NEW YORK (Reuters) – Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend…
US crude oil gains on supply cuts, focus shifts to holiday demand
By Shariq Khan BENGALURU (Reuters) – U.S. crude oil gained about 3% on Wednesday, narrowing the price gap with global…
Fed’s Williams: June rate pause was right move, but future hikes still in play
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Wednesday…
ChatGPT’s explosive growth shows first decline in traffic since launch
By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and…
Shares fall after little Fed surprise, China data and trade in focus
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) – MSCI’s global equities index lost ground on Wednesday after weaker-than-expected…
Why a $1.5 trillion source of corporate financing is choking on higher rates
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and…
Regulators tighten screw on investment fund redemptions
By Huw Jones LONDON (Reuters) -Global regulators on Wednesday proposed tougher rules for investment funds to increase their resilience to…