MSCI All-World index rises 0.3%, dollar falls UBS rehires Ermotti to lead the merged entity Alibaba rises 13%, lifting other Chinese tech stocks Oil rises, gold falls LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors took heart from a greater degree of stability in the banking sector, but the sense of …
Stocks gain when bank support encourages investors Read More »
March 29 (Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s bailout, and the resulting turmoil in world markets have reignited recession risks that appeared to have subsided just a few weeks ago . Traders are now betting that the Federal Reserve is virtually done raising …
Bankuro means that the fear of the recession is creeping back Read More »
OTTAWA, March 28 (Reuters) – Canada sought to close competitive gaps with the United States on Tuesday with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric vehicle (EV) makers and expanding the electricity grid. The 2023-2024 fiscal policy document delivered to the House of Commons also has a …
BRASILIA, March 28 (Reuters) – Meta Platforms Inc (META.O) and Alphabet Inc’s Google (GOOGL.O ) defended in the Supreme Court on Tuesday a Brazilian law that says internet platforms cannot User posted content is responsible unless they are subject to a court order. If upheld, their appeal could establish jurisprudence for future cases involving liability …
Meta, Google defend Brazil’s law on internet platform content liability Read More »
Gold may break the resistance at $2,070 in H2 – technical The US dollar fell 0.2 per cent. Global stocks rise on Tuesday March 28 (Reuters) – Gold fell on Tuesday as risk appetite improved after efforts by regulators to quell fears about the global banking system slowed safe-haven inflows into bullion. Spot gold was …
Gold eases as banking sector unwinding slows safe-haven flows Read More »
HONG KONG, March 28 (Reuters) – Global shares rose and the dollar softened on Tuesday as a deal backed by U.S. regulator First Citizens BancShares to buy failed Silicon Valley Bank soothed broader concerns about problems in the sector. MSCI’s broadest index of Asia-Pacific shares outside Japan ( .MIAPJ0000PUS ) rose 0.6% in early afternoon …
WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on electric car battery minerals that is key to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The quickly negotiated agreement prohibits the two countries from imposing bilateral …
The US and Japan enter into a trade agreement on electric car battery minerals Read More »
New financial crisis may lead to “sharper” slowdown Increasing investment, reducing trade costs can reverse the trend An increased labor force participation would increase the growth rate WASHINGTON, March 27 (Reuters) – Average potential global economic growth will fall to a three-decade low of 2.2% a year through 2030, heralding a “lost decade” for the …
World Bank warns of ‘lost decade’ in global growth without bold policy shifts Read More »
Asian stock markets: Nikkei gains 0.3%, S&P 500 and European futures rise Eyes on Deutsche Bank, credit default swaps Deposits flow to money market funds from banks SYDNEY, March 27 (Reuters) – Asian shares struggled on Monday as U.S. and European stock futures rose on hopes that authorities were working to ease stress in the …
Asia stocks lopsided as banks face default stress Read More »
WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is being closely watched for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said on Sunday, as a European Central Bank official also flagged a possible tightening of lending . . Authorities around the world are on high alert for the …
Bank stress brings US closer to recession, Kashkari says Read More »
