Yields on government bonds around the world have tumbled in light of the crisis, and analysts warn the risk of recession has grown. “Global bond markets are suggesting a global economic slowdown, which is not great for Asia,” said John Vail of Nikko Asset Management. Equity markets were well inContinue Reading
Prime Minister Prayut Chan-o-cha has ordered all relevant officials to keep an eye on the impact of the collapse of Silvergate Bank and Silicon Valley Bank (SVB) in the United States on Thailand’s financial system.Continue Reading
In the near term, some start-ups in Singapore with US-based venture capitalists or investors may see funding being delayed, industry players told CNA.Continue Reading
Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit Insurance Corporation its receiver. SVB, as it’s known, was the biggest US lender to fail since […]Continue Reading
To understand the Silicon Valley Bank (SVB) collapse spooking markets, look no further than events in Jakarta. The Indonesian rupiah’s 3.2% drop since February 1 demonstrates how quickly Asia has resigned itself to the fact that the US Federal Reserve isn’t done tightening. Another batch of too-strong-for-Fed-comfort US employment figures in February only increased the […]Continue Reading
At the end of 2022, 150 countries and 32 international organizations had signed more than 200 cooperation documents related to joint infrastructure projects with China under the Belt and Road Initiative (BRI). The 2022 report to the 20th National Congress of the Communist Party of China noted that China should promote opening up to the […]Continue Reading
Investing in Ukrainian private companies, especially in existing dynamic small-to-medium-sized enterprises (SMEs), is becoming a safer bet than chasing venture-capital startups and the next unicorn à la notorious serial VC investor Marc Andreessen after the collapse of Santa Clara, California–based Silicon Valley Bank (SVB). While shareholders and bondholders of the $200-billion-plus bank financing high-risk venture-capital […]Continue Reading
NEW YORK – US bank regulators Sunday announced a massive response to last week’s run on Silicon Valley Bank (SVB) and the risk of copycat runs against other regional banks. The Federal Reserve will provide one-year loans against banks’ security portfolios through a new Bank Term Funding Program, eliminating the risk that banks might be […]Continue Reading
The SVB failure raised concerns among venture capitalists and start-ups in China, which viewed the bank as an opportunity to access US capital.Continue Reading
Some organisations are looking at other ways to attract and retain talent, including flexible work arrangements and additional paid leave.Continue Reading