Headlines - UK chancellor to 'look at' raising deposit guarantees in wake of SVB
- Teck calls for Glencore to spin out coal unit as it rejects $23 bln revised bid
- Hungary quits Russian-controlled investment bank in Orbán U-turn
- Exxon chief's pay jumps 52% after oil boom
Overview - Britain's chancellor said on Thursday that his government needed to look at raising the level of protection for bank customers given the speed at which deposits fled Silicon Valley Bank last month.
- Canadian miner Teck Resources rebuffed a revised hostile $23 billion bid from Glencore , but left the door open for continued talks under a different deal structure than that proposed by the FTSE 100 miner.
- Exxon Mobil paid its chief executive $36 million last year, a 52% increase from 2021 and more than double his 2020 pay after Russia's war with Ukraine led to record profits for oil companies and a windfall for their top executives.
- Hungary has decided to withdraw from a Russian-controlled
International Investment Bank (IIB) based in Budapest and
subject to US sanctions, in an abrupt U-turn for Viktor Orbán
after increased pressure from Washington to sever his ties with
Moscow.
(Compiled by Bengaluru newsroom)
