March reading of 13.0 against expected 17.1 Ending a five-month streak of increases Uncertainty about banks reflected in dip BERLIN, March 21 (Reuters) – German investor sentiment eased in March as concerns over a new financial crisis ended a five-month streak of consecutive gains, economic research institute ZEW said on Tuesday. The institute’s index, which …
German investor morale collapses over banking problems – ZEW 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 »
NEW YORK, March 20 (Reuters) – Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds wiped out by the takeover of UBS ( UBSG.S ), with the U.S. investment manager’s total exposure to the Swiss lender running into billions, said a source with knowledge of the situation. Swiss authorities decided …
PIMCO lost $340 million. with Credit Suisse AT1 bond write-off – source 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 »
MERIDA, Mexico, March 17 (Reuters) – Bank of Mexico Governor Victoria Rodriguez said on Friday the Mexican banking system is sound and vowed to remain vigilant, but stressed there was no current reason for authorities to intervene . Rodriguez, a former deputy finance minister, was asked about possible contagion from the collapse of U.S. lenders …
The Banxico governor sees no contagion in Mexico from the US banking crisis Read More »
SAO PAULO, March 17 (Reuters) – Brazil’s government is studying whether to regulate internet platforms, its digital policy secretary Joao Brant said on Friday. The idea, Brandt told Reuters, is for regulators to hold the platforms, rather than consumers, accountable for monetized content. Another goal is to “prevent the Internet from being used to distribute …
Brazil Wants to Regulate Monetized Content on the Internet – Official Read More »
First Republic Bank dabbles in suspending dividends SVB Financial seeks bankruptcy protection FedEx jumps at an increase in its full-year earnings forecast Indexes down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street swung lower on Friday at the end of a tumultuous week marked by the unfolding crisis in …
Wall Street is reeling over fears of contagion from banking crises Read More »
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 »
