Business News

Absence of BTS' Team Promotion is a 'Threat' to K-pop Industry, HYBE Chairman Bang Si Hyuk Says

HYBE Corporation Chairman Bang Si Hyuk has suggested a business outline for K-pop's future absence of BTS' team promotion.

Mar 15, 2023

By Ilin Mathew

BTS K-pop

Putin Says Russian Unemployment Rate Has Dropped to Record Low and Incomes Have Been Rising

Though crippling Western sanctions on Russia hit its banks, tech industry and the super rich, the country in general has been spared the worst impacts of a disastrous war.

Mar 15, 2023

By Jacob J

Founder of Acquisition CEO, Michael Byars Shares the Secret to Growth Known by the Top 1% of Income Earners

Michael Byars said An acquisition can be a faster way to grow and scale a business, as opposed to starting from scratch

Mar 15, 2023

By IBT Desk

Top 5 Essentials That Entrepreneurs Should Have In Their Business According To Successful Businesswoman Noelle Randall

Noelle Randall said Some business owners believe that a separate business bank account is optional and that their personal accounts can handle all financial transactions

Mar 14, 2023

By Georgette Virgo

$465 Billion Wiped Off Global Banking Stocks Following SVB Collapse - Report

Panic gripped markets following the collapse of Silicon Valley Bank last week, with investors increasingly becoming sceptical of the safety of banking stocks.

Mar 14, 2023

By Jacob J

HSBC Buys Out SVB's UK Arm With £5.5 Billion in Loans and £6.7 Billion in Deposits for Symbolic £1

HSBC is one of the world's biggest banks, and has assets worth nearly $3 trillion under its watch. It's shares were down 3.8% on Monday.

Mar 13, 2023

By Jacob J

Saudi Oil Giant Aramco Reports Record Profit of $161 Billion for 2022

In 2022, Saudi Aramco's net income saw a 46.5-per cent increase compared to that of 2021, which stood at around $110 billion.

Mar 13, 2023

By IANS

Hong Kong Firms' Exposure to SVB Collapse Reaches About $200 Million; HKMA Steps In With Assurance

Beijing-headquartered biotech firm BeiGene, which had about $175 million in deposits at SVB was the worst hit among the Hong Kong-listed companies.

Mar 13, 2023

By Jacob J

Sam Altman, Other Tech Execs Race to Save Startups From 'Extinction' After SVB Collapse

Sam Altman, who runs one of Silicon Valley's hottest companies, bailed out some entrepreneurs from his own pocket.

Mar 12, 2023

By Reuters

Will Elon Musk Buy Failed US Bank SVB? Twitter Chatter Amid FDIC's Frantic Bid to Seal a Merger Deal

The interesting exchange comes amid reports that the FDIC is looking to find an American bank that would merge with the Silicon Valley Bank.

Mar 11, 2023

By Jacob J

Elon musk

Binance and Coinbase Suspend USDC Conversions After Silicon Valley Bank Collapse

USDC is the second-largest stablecoin by market capitalisation with a $43.5 billion circulating supply and over $6.3 billion in daily traded volume.

Mar 11, 2023

By IANS

Silicon Valley Bank Collapses, Marking Biggest US Bank Failure Since 2008

The tech-focused bank was ranked as the 16th biggest lender in the US at the end of 2022 and had more than $210 billion in assets.

Mar 11, 2023

By Jacob J

Silicon Valley Bank in Trouble After Silvergate; Banking Stocks See $80 Billion Wipeout

SVB's CEO Gregory Becker has reiterated that the bank is well capitalized.

Mar 10, 2023

By Jacob J

Credit Suisse Gets Regulatory Approvals to Launch Wealth Banking Business in China

The expansion comes after the lender suffered worse-than-expected global wealth outflows of 92.7 billion Swiss francs ($98.29 billion) in the fourth quarter.

Mar 9, 2023

By Reuters

Crypto Bank Silvergate Capital Collapses; Vows to Make Full Refund of Deposits

Silvergate has been struggling to stay afloat after Sam Bankman-Fried's crypto exchange FTX collapsed in November last year, triggering panic across the crypto segment.

Mar 9, 2023

By Jacob J

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