The government of India has announced to Airbus and Boeing that the airplane makers should open up assembly plants in India.
The stock price of First Citizens BancShares opened the day's trading by 49% higher than the Friday's close. The stock price started the day at $868.27, compared to Friday's $581.80. The surge occurred due to the bank announcing that it would buy out the Silicon Valley Bank deposits and loans from the Federal Deposit Insurance Corporation.
Reuters has revealed that Walmart would lay off hundreds of US employees at its e-commerce fulfilment centres.
Reuters has reported that the European Central Bank has been pressuring Raiffeisen Bank to stop its business in Russian.
The Chief Executive Officers of Citigroup Jane Fraser commented on Wednesday that the recent failures of some US banks is not a credit crisis.
Accenture has revealed that it has lowered its annual growth forecasts. Moreover, the company has decided to fire 19,000 employees.
The stock price of Deutsche Bank has plummeted, as the insurance costs for a possible default of the bank have surged.
The US Treasury Secretary Janet Yellen has recently stated that she is not considering deposit insurance for all US bank deposits.
Citigroup has issued a downgrade of the European banking sector, as it expects interest rate hikes to continue to impact lenders.
Former owners of the Silicon Valley Bank are set to sue the Federal Deposit Insurance Corporation for seizing $2 billion in cash. The cash was seized together with bank's assets.
The stock price of Block Inc has plummeted from the prior close of $72.65 down below $60.00 at the start of the day's trading. The stock dropped due to Hindenburg research revealing that the fund is shorting the company's stock and would soon release its research on it.
The Swiss government has enacted limits on salary bonus payments for Credit Suisse employees.
The Bank of England has once again hiked its base interest rate. Official Bank Rate has been increased from 4.00% up to 4.25%, as the market expected. In the meantime, note that seven out of the nine BOE Monetary Policy Committee members voted for the 0.25% rate hike. Two members voted to keep interest rates intact.
The CEO of Ryanair Michael O'Leary has revealed that the company is in talks with Boeing about the acquisition of new Boeing 737 jets.
United Kingdom regulators have revealed that the Broadcom's acquiring of VMware could hurt competition in the server market.
The Swiss National Bank has hiked its SNB Policy Rate from 1.00% up to 1.50%. The central bank has hiked interest rates despite the ongoing turmoil in the country's banking sector.
The First Republic Bank has reportedly developed a plan to downsize in the case of failing to raise capital.
The Chief Executive Officer of Man Group Luke Ellis has stated that over the next two year many more banks would fail just like the Silicon Valley Bank.
The United States Federal Reserve Federal Open Markets Committee has just increased the Federal Funds Rate from 4.75% up to 5.00%. The market consensus was that the Fed would hike 0.25%.
The US Treasury Secretary Janet Yellen has stated on Tuesday that further steps might be required to protect bank depositors.
The European Commission has created a new legislation draft, which would allow the sales of internal combustion engine cars beyond 2035.
The Global Head of Commodities at Goldman Sachs Jeff Currie has stated to Financial Times that he expects oil prices to increase by June.
Google has announced that it would suspend Chinese app Pinduoduo due to security concerns.
The online retailer Amazon has increased the global tech sector layoffs by firing additional 9,000 employees.