CNBC Daily Open: What SVB means for markets
Silicon Valley Bank collapsed on Friday. Financial regulators stepped in on Monday to ensure people can access their deposits. What does this mean for markets?
UK’s taxes are at a 70-year high. But its finance minister won’t splash the cash at upcoming Budget
British Finance Minister Jeremy Hunt will deliver the government’s Budget commitments on Wednesday against a better-than-expected economic backdrop.
A tidal power ‘mega project’ in one of Europe’s iconic waterways could power 1 million homes. But costs are huge
The scope and scale of the Mersey Tidal Power Project is huge.
In his first address, China’s new premier says ‘high quality’ growth is a priority
China’s new premier Li Qiang said China’s focus was shifting to what it calls high-quality development, such as building up tech and so-called green industries.
SVB collapse will have limited impact on Asia, but one analyst says it could be a warning sign
Analysts say the collapse of Silicon Valley Bank is not likely to have a major contagion effect in Asia, but one person says it could be seen as a “warning,” an analyst said.
Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system
Goldman Sachs no longer sees a case for the Federal Reserve to deliver a rate hike at the FOMC’s March meeting, economist Jan Hatzius said.
China developer Country Garden sees 2022 loss amid property market slump
Top Chinese property developer Country Garden Holdings said on Monday it expected to swing to a net loss of up to $1.1 billion for 2022.
K-pop giant Hybe drops bid for SM Entertainment, ending takeover battle
Hybe’s withdrawal put an end to a weeks-long takeover battle with social media giant Kakao, and will allow Kakao to expand its entertainment business further.
What the failures of Signature, SVB and Silvergate mean for the crypto sector
The failure of crypto-focused banks once again showed the vulnerability of stablecoins, which can lose their peg in unusual financial situations.
Shares of this little-known global chip firm are set to rise by 50%, Barclays says
Barclays’ most bullish view on the global semiconductor stock gives it a whopping 233% potential upside from its current price.
