SM Entertainment Co. plunged after BTS label Hybe Co. said it would back down from a battle over the smaller K-pop agency, ending a bidding war with internet giant Kakao Corp. that had embroiled some of the biggest names in Korean entertainment.
Shares of technology companies with money at Silicon Valley Bank may be active after US authorities pledged to fully protect all depositors’ funds following the collapse of the lender.
Canada’s banking regulator seized control of SVB Financial Group’s branch in the country Sunday and said it will seek a legal order to wind up the operation.
China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade, according to UBS AG.
President Joe Biden said that he ordered the Treasury Department and his economic advisers to address the failures of Silicon Valley Bank and Signature Bank, adding that those responsible will be held accountable.
Short-end Treasuries climbed as trading got underway in Asia as the collapse of Silicon Valley Bank tempered bets for more aggressive US rate hikes.
The People’s Bank of China is expected to extend monetary support this week and maintain a key policy rate, after Beijing retained its governor in a leadership reshuffle that signals policy continuity.
President Joe Biden is limiting oil leasing in Arctic waters and sensitive areas of Alaska, taking steps to expand conservation as his administration prepares to approve a mammoth ConocoPhillips oil development in the region.
Investors are winding down bets for central bank tightening following the sudden collapse of US-based Silicon Valley Bank, with wagers getting stronger that Australia will deliver a pause next month.
More than two thirds of London’s buy-to-let investors are purchasing homes without a mortgage, following the sudden end to the cheap money era.
