March 22 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. 25, no change, or maybe 50? Every Fed meeting is the most important since the last, but rarely in recent memory has a decision – and guidance – been more balanced than Wednesday’s. There are no major economic indicators …
Morning message: Hope Powell sheds light in fog of uncertainty Read More »
LONDON, March 21 (Reuters) – This month’s turmoil in the U.S. banking system and renewed recession worries have left global investor confidence at one of the lowest levels in 20 years, and that’s not even accounting for this week’s demise of Credit Switzerland. A monthly survey by investment bank BofA after the collapses of Silicon …
The banking crisis is knocking on investor confidence, studies show Read More »
HONG KONG, March 21 (Reuters) – Screening of British slasher film “Winnie the Pooh: Blood and Honey”, which was due to be released in Hong Kong this week, has been cancelled, its distributor said on Tuesday without giving a reason. VII Pillars Entertainment said on their Facebook page that it was with “great regret” that …
Winnie the Pooh horror movie ‘mysteriously’ canceled in Hong Kong Read More »
March 20 (Reuters) – Samsung Electronics Co Ltd ( 005930.KS ) convinced a federal jury in Los Angeles on Friday that its Galaxy S10 phones do not infringe on the trademark rights of a talent management agency that uses the S10 name. A jury found that S10 Entertainment & Media LLC had failed to show …
Samsung wins jury trial in S10 trademark lawsuit Read More »
LONDON, March 20 (Reuters Breakingviews) – The Russian economy shrank by just 2% in 2022, defying more pessimistic forecasts. Instead of a meltdown, it entered an era of slow suffocation. Cut off from foreign markets by sanctions, Vladimir Putin’s government is working to finance budget deficits that would have been manageable in peacetime. It will …
Economic strangulation puts Russia in China’s orbit Read More »
HONG KONG, March 20 (Reuters) – Embattled developer China Evergrande Group ( 3333.HK ) plans on Wednesday to publish an offshore debt restructuring term sheet agreed with a key offshore bondholder group, the firm’s lawyer told a Hong Kong court. The move paves the way for the world’s most indebted property developer to restructure $22.7 …
China Evergrande will detail the debt restructuring plan on Wednesday Read More »
SINGAPORE, March 20 (Reuters) – U.S. stock futures rose in Asian trade on Monday on relief from a weekend rescue deal for Credit Suisse, although sentiment was jittery and financial shares remained under pressure from contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in choppy early trade. Japan’s Nikkei …
Stock futures move higher after Credit Suisse acquisition Read More »
BEIRUT, March 19 (Reuters) – When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in her hand – not to check her shopping list but to calculate the rising costs of items now priced at unsustainable exchange rates that vary from store to store and sector. As Lebanon’s economy continues …
LONDON, March 17 (Reuters) – The dollar fell on Friday after top U.S. brokers, including the government and banks, threw a lifeline to a struggling regional lender to ease stress on the financial system, restoring some confidence to investors. The rescue of First Republic Bank ( FRC.N ) in the United States on Thursday boosted …
The dollar falls as bank lifelines increase risk appetite Read More »
European stocks rise in early European trade The ECB delivered an increase of 50bp, expectations for the future fell First Republic Bank receives an injection of DKK 30 billion. USD, the concerns persist Fed data showed banks sought record emergency liquidity LONDON, March 17 (Reuters) – European stock indexes rose in early trade on Friday, …
European shares rise as market sentiment recovers from banking turmoil Read More »
