Bloomberg Business

The collapse of a lender little-known outside of Silicon Valley is reverberating around the startup world and deepening uncertainty within the financial industry.

Air travelers from China, Hong Kong or Macau no longer need to show proof of a negative Covid-19 test before boarding a flight to the US, health officials said Friday.

European energy prices soared amid concerns about France’s nuclear fleet and disruptions due to widespread strikes, along with a late-winter cold blast in other parts of the region.

SVB Financial Group is seeking a buyer after regulators closed its Silicon Valley Bank unit, which buckled under the strain of declining deposits and losses on its securities portfolio.

Silicon Valley Bank’s rising distress and eventual collapse fueled additional credit investor concern about the broader banking sector on Friday, further weighing on the biggest Wall Street firms’ bonds.

The US federal government’s budget deficit widened in February by $262 billion, bringing the gap for the first five months of the fiscal year to $723 billion.

Mexico nominal wages rose at a faster pace than consumer price increases for a fourth month in February, presenting an upside risk to the inflation outlook in Latin America’s second-biggest economy. Government data published Friday showed an 8.4% rise in wages last month from a year earlier, well above the 7.62% year-on-year rise in February consumer prices. Economists in a Citibanamex survey published this week now see year-end inflation at 5.30%, up from a forecast of 5.02% in early January. T

New York City’s pension fund system for retired city workers is plagued by ballooning costs stemming from redundancies.