Reuters Asia

Global equities fall, gold surges as banking worries linger

By Chris Prentice and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pressure while gold prices were poised for their largest one-week rally since March 2020. U.S. Treasury yields extended their slide, and oil prices dove to 15-month lows. Data …

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Cricket-Delhi Capitals join IPL rivals in buying stake in US franchise

NEW DELHI (Reuters) – Delhi Capitals have bought a stake in the Seattle franchise of a new Twenty20 tournament in the United States as Indian Premier League teams continue to expand their global footprint. Delhi Capitals co-owner GMR Group has partnered with a group of investors that includes Microsoft Corp’s India-born CEO Satya Nadella to …

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SVB Financial seeks bankruptcy protection as banking turmoil persists

By Mehnaz Yasmin (Reuters) -SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by U.S. regulators. The move to commence bankruptcy proceedings comes as emergency measures to shore up confidence …

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Brazil’s Lula to go to China with 240 business representatives, says official

BRASILIA (Reuters) – Brazil’s President Luiz Inacio Lula da Silva will visit China this month accompanied by a delegation of 240 business representatives, including 90 from agriculture sector, a senior Foreign Ministry official said on Friday. Trade promotion secretary Daniel Fernandes said at a press briefing that all the government’s ministries will be represented on …

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