BUSINESS NEWS

The 2008 crisis is a spectre.

The US authorities have taken control of all customer deposits after the collapse of Silicon Valley Bank (SVB). This is a flashback of 2008's banking collapse.

BUSINESS News by Bill Phinigan on March 17, 2023

The market is telling me something very bad is coming

We don't want a situation where financial market turmoil forces central banks to reduce rates while inflation rises. But it's a possibility, writes David Taylor.

BUSINESS News by Carmen Schmidt on March 17, 2023

According to the Swiss central bank, it will support Credit Suisse if necessary

Credit Suisse, a 166-year-old institution once a symbol of Swiss pride, is now fighting for its existence after investors dumped its stock. This sent the price of insuring the debt against default skyrocketing.

BUSINESS News by Suzan Goodman on March 17, 2023

New Mexico's new factory will produce $750M worth of wind turbine towers.

Arcosa, a Dallas-based infrastructure manufacturer, said today that it has received wind turbine tower orders worth $750 million. It is now building a new factory to make them.

BUSINESS News by Suzan Goodman on March 17, 2023

Binance discontinues deposits

Binance, the largest cryptocurrency exchange in the world by trading volume, has temporarily stopped withdrawal and deposit services for customers in the United Kingdom through bank transfers and cards payments.

BUSINESS News by Bill Phinigan on March 17, 2023

America's LNG Boom has grown too fast

The United States surpassed Australia and Qatar to become the largest exporter of liquefied gas in the world last year.

BUSINESS News by Suzan Goodman on March 17, 2023

Retail recovery is based on confidence

Over 2022, Thailand's consumer spending will grow strongly. Based on 2010 prices, real household spending is expected to grow by 4.6% annually.

BUSINESS News by Chia Kai Wen on March 17, 2023

Foxconn will see an increase in automotive component sales in 2023

Hon Hai Precision Industry (Foxconn), expects its automotive product line to generate revenue between NT$50billion (US$1.63billion) and NT$100billion in 2023. This is an increase from NT$20billion in 2022.

BUSINESS News by Henri Degois on March 17, 2023

Whether private or public

Stablecoins that are properly regulated could be safer than banks and serve many people's needs. A stable digital currency would be a boon for U. S. consumers as well as the U. S. government.

BUSINESS News by Ilsa Weiß on March 16, 2023

Intellect, a mental health startup, partners with Asia's largest privately-owned healthcare group

Intellect, a Singapore-based mental healthcare platform, has entered a strategic partnership to IHH Healthcare.

BUSINESS News by Dmitrios Predas on March 16, 2023