FTSE 100 Opens Lower as Banking Rout Dents Risk Appetite

FTSE 100 down 0.4, FTSE 250 flat March 13 Reuters UK39;s FTSE 100 fell on Monday, with banks extending losses as shock waves continue to reverberate through financial markets after U.S. regulators closed Silicon Valley Bank SVB, while British American Tobacco dipped after a brokerage downgrade. The bluechip FTSE 100 lost 0.4, while the more domesticallyfocussed […]
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No Relief for European Stocks as Bank Selloff Continues

March 13 Reuters European stocks fell on Monday as bank stocks continued to tumble in the region even as authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank SVB. The panEuropean STOXX 600 index fell 0.6 by 0812 GMT, having closed at a morethanfiveweek low on Friday. However, Wall Street […]
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India Tech Minister Plans to Meet Startups on SVB Fallout

MUMBAI, March 12 Reuters India39;s state minister for technology said on Sunday he will meet startups this week to assess the impact on them of Silicon Valley Bank39;s collapse, as concerns rise about the fallout for the Indian startup sector. California banking regulators shut down Silicon Valley Bank SVB on Friday after a run on the lender, which […]
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Aramcos Nasser says Oil Market Tightly Balanced

DUBAI, March 12 Reuters Aramco Chief Executive Amin Nasser said on Sunday that the oil market would remain tightly balanced in the short to medium term, adding that he was cautiously optimistic. Nasser was speaking to the press after the Saudi Arabian oil giant reported its highest ever annual profit since the company was listed. Aramco39;s shares […]
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Silicon Valley Exhales after US Intervenes in SVB Collapse

March 12 Reuters A wave of relief swept over Silicon Valley Sunday following a tense weekend of board meetings, emergency funding plans and pleas for help after regulators stepped in to backstop the regions embattled namesake bank. Banking regulators said Sunday evening that depositors at Silicon Valley Bank, which was shuttered Friday, would have access […]
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Circle says 3.3B USDC Reserves to be Fully Available on Monday

March 12 Reuters Cryptocurrency firm Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole and the 3.3 billion USDC reserve deposit held at Silicon Valley Bank will be fully available when banks open Monday. Circle39;s announcement comes after the U.S. administration on Sunday stepped in with […]
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