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World Business Report: First broadcast 10/03/2023 15:32 GMT : Financial markets head down after troubles at a US bank

Bulletins

Financial markets head down after troubles at a US bank

First broadcast 10/03/2023 15:32 GMT 

First broadcast 10/03/2023 15:32 GMT : Financial markets head down after troubles at a US bank

BBC World Service - World Business Report, Financial markets head down after troubles at a US bank

Shares in banks around the world have fallen after troubles at one US bank, Silicon Valley, triggered fears of wider problems for the financial sector.

Shares in Silicon Valley Bank (SVB), a key lender to technology start-ups, plunged after it announced plans to shore up its finances. Ed Butler finds out why other global shares have also suffered.

Iran and Saudi Arabia have agreed to re-establish diplomatic relations after seven years in a deal brokered by China seeking to reduce tensions in the oil-rich region. 

And we bring you a UN breakthrough on a long and apparently intractable argument over a stranded oil tanker around the Gulf of Aden.

Also It’s the Oscars this weekend and every award season celebrities are invited to gifting suites where they can select free stuff in return for endorsements.

(Picture: Silicon Valley Bank logo illustration taken March 10, 2023. Credit: Reuters)

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First broadcast 10/03/2023 15:32 GMT : Financial markets head down after troubles at a US bank

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BBC World Service West and Central Africa

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