Volkswagen to Invest $193 Billion Over 5 Years To Hit EV Target
Volkswagen (ETR:VOWG_p) plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including battery production…
Spain’s Mango Plans U.S. Expansion After China Retreat
Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China, Chief Executive Officer Toni Ruiz…
Bank Slide Deepens As SVB Contagion Fear Rattles Markets
Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis…
Asia FX Firms, Dollar Slumps as SVB Turmoil Clouds Rate Hike Outlook
Most Asian currencies rose on Monday, while the dollar tumbled to near three-week lows as a potential banking crisis in…
Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations
Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking…
Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed
Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve…
Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded
Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a…
Main Street investors pressure SEC, confront Wall Street on stock plan
Main Street investors are facing off against Wall Street in an attempt to sway the U.S. Securities and Exchange Commission…
Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat
The U.S. dollar edged lower in early European trade Friday ahead of the key monthly jobs report, and the yen…
Silvergate’s planned liquidation fuels another crypto rout
one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and…