Business

Global bank stock rout deepens as SVB collapse fans crisis fears

Shockwaves from the collapse of Silicon Valley Bank further pounded global bank stocks as assurances from President Joe Biden and other policymakers did little to calm markets and prompted a rethink on the interest rate outlook.

March 14, 2023 5:53 pm
 

Business

ANZ raises labour concerns

ANZ Fiji Country head Rabih Yazbek has highlighted the growing concern among customers and commercial clients about the loss of skilled labour to Australia and New Zealand.

March 14, 2023 12:48 pm
 

Business

Volkswagen: no rush to decide on new European battery plants

Volkswagen’s (VOWG_p.DE) battery needs are covered until 2028 by its three confirmed factories in Europe – the Salzgitter plant in Germany, Northvolt’s plant in Sweden and a planned plant in Valencia, board member Thomas Schmall said.

March 14, 2023 8:33 am
 

Business

Court revives Apple, Google challenge to U.S. patent-review policy

Apple Inc (AAPL.O), Google LLC (GOOGL.O), Cisco Systems Inc (CSCO.O) and others can sue the U.S. Patent and Trademark Office to challenge a rule that reduced the number of patent-validity proceedings at a USPTO tribunal, a U.S. appeals court.

March 14, 2023 7:27 am
 

Business

FSC field officers urged to work with farmers

The Permanent Secretary for the Ministry of Sugar has called on the Fiji Sugar Corporation’s field officers to regularly meet with farmers to discuss issues affecting them.

March 14, 2023 6:33 am
 

Business

Visitor arrivals positive

There is no sign that the visitor arrival number will drop, says Tourism Fiji Chief Executive, Brent Hill.

March 14, 2023 6:18 am
 

Business

Concerns on state of railway infrastructure in Northern Division

Over 200 sugarcane farmers in Wainikoro and Daku Sectors in Macuata have raised concerns on the state of railway infrastructure in the area.

March 13, 2023 3:14 pm
 

Business

Farmers call on FSC to be transparent

The sugarcane farmers in Labasa have called on the Fiji Sugar Corporation to be transparent.

March 13, 2023 12:44 pm
 

Business

$3 billion worth of potential investment projects in Fiji

There are currently around $3 billion worth of potential investment projects in Fiji.

March 13, 2023 12:33 pm
 

Business

Dollar slides as U.S. intervenes on SVB collapse

The U.S. dollar slid as authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank (SIVB.O), with investors hoping the Federal Reserve will take a less aggressive monetary path.

March 13, 2023 11:37 am
 

Business

Regulators close New York's Signature bank, say depositors will be made whole

State regulators closed New York-based Signature Bank (SBNY.O), just two days after California authorities shuttered Silicon Valley Bank (SIVB.O), in a collapse that roiled global markets and stranded billions of dollars of deposits.

March 13, 2023 9:27 am
 

Business

Meta to end news access for Canadians if Online News Act becomes law

Facebook-parent Meta Platforms Inc (META.O) said that it would end the availability of news content for Canadians on its platforms if the country’s Online News Act passes in its current form.

March 13, 2023 8:27 am

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