Global markets brace for aftershocks as SVB collapse reverberates

SYDNEY, March 13 (Reuters) – Markets were set for a bumpy ride this week as the fallout from the collapse of startup lender Silicon Valley Bank (SVB), the biggest U.S. bank failure since the crisis fiscal 2008, coincide with key economic data and political meetings. S&P500 futures rose 1.4% after US authorities assured SVB customers … Read more

Saudi Arabia launches new national airline

March 12 (Reuters) – Saudi Arabia’s Crown Prince Mohammed bin Salman on Sunday officially announced the creation of a new national airline, Riyadh Air, with industry veteran Tony Douglas as chief executive, as the kingdom is poised to compete with regional transport and travel hubs. . Riyadh Air will serve more than 100 destinations worldwide … Read more