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© Reuters. Brazil’s President Luiz Inacio Lula da Silva attends a meeting with mayors in Brasilia, Brazil March 14, 2023. REUTERS/Adriano Machado BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Tuesday he will not visit Russia or Ukraine due to the ongoing war but he remained committed to a peaceful resolution…
Shares of Japan’s biggest banks dropped sharply on Tuesday as global markets reacted to a US banking sector sell-off and uncertainty over interest rates in the wake of the collapse of Silicon Valley Bank. Traders in Tokyo said they were expecting a second day of massive equity market support from the Bank of Japan to…
Blackstone has sold its entire 20.5% stake in Sona BLW Precision Forgings for about Rs 4,916 crore via a block deal on Monday. Blackstone, through its subsidiary, Singapore VII Topco III Pte Ltd, offloaded about 11,99,25,641 shares at a price of Rs 410 per unit, according to the data available with the exchanges. The sale…
SlavkoSereda/iStock via Getty Images Cryptocurrency-friendly lender Silvergate Capital (NYSE:SI) is crumbling and that is “definitely not good for the crypto industry,” said Konstantin Shulga, CEO and co-founder of institutional crypto liquidity marketplace Finery Markets. Silvergate (SI), the bank that had ties to Sam Bankman-Fried’s failed crypto exchange FTX (FTT-USD), has become the latest victim of…
HYBE, the South Korea-headquartered music giant, has officially ceased its attempt to acquire a 40% stake in rival K-pop company, SM Entertainment. HYBE said in a statement today (March 12) that it was suspending its acquisition bid following a discussion with tech firm Kakao – its rival bidder in the SM takeover process. HYBE last…
© Reuters. FILE PHOTO: British Chancellor of the Exchequer Jeremy Hunt talks to a television crew outside the BBC headquarters in London, Britain November 18, 2022. REUTERS/Henry Nicholls/File Photo LONDON (Reuters) -British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to…
UK chancellor Jeremy Hunt was on Saturday locked in talks over how to stop the collapse of Silicon Valley Bank from dealing a heavy blow to Britain’s tech sector. More than 200 UK-based tech company executives have urged Downing Street to step in, warning that many companies faced an “existential threat” because they banked with…
Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a Friday regulatory filing. At the close of business on March 9, the bank had a negative cash balance of $958 million, according to an order…
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs. A serious new player in the music industry was…