SINGAPORE, March 20 (Reuters) – U.S. stock futures rose in Asian trade on Monday in relief from a weekend bailout deal for Credit Suisse, although the mood was jittery and investors Financial stocks remain under pressure from contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trading. … Read more
March 19 (Reuters) – Talks to rescue Credit Suisse (CSGN.S) continued on Sunday as UBS AG (UBSG.S) demanded $6 billion from the Swiss government to cover costs if it were to buy his struggling rival, a person with knowledge of the talks said. Authorities are scrambling to resolve a crisis of confidence in the 167-year-old … Read more
March 18 (Reuters) – Credit Suisse Group AG (CSGN.S) entered a breakthrough weekend after some rivals grew cautious about their dealings with the bank as regulators urged it to strike a deal with its Swiss rival UBS AG (UBSG.S). Dixit Joshi, chief financial officer of Credit Suisse, and his teams will meet this weekend to … Read more
NEW YORK, March 17 (Reuters) – Misguided U.S. stocks have gained an unexpected ally in recent days: a historic plunge in bond yields. Yields on US government bonds fell sharply this week, with some durations marking their biggest declines in decades, as investors bet the Federal Reserve would likely rein in its aggressive rate hike … Read more
First Republic Bank tumbles by suspending its dividend SVB Financial files for bankruptcy protection FedEx jumps on boost to full-year earnings forecast Indices down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street fell on Friday at the end of a tumultuous week marked by the unfolding crisis in the … Read more
Asian scholarships: ECB hiked 50bp as promised, dropped forecast Credit Suisse shares rebounded 20% after SNB support First Republic Bank receives $30 billion injection, concerns persist Fed data showed banks seeking record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended their risk rally on Wall Street on Friday to end a tumultuous week … Read more
TEGUCIGALPA, March 16 (Reuters) – A high-ranking envoy of President Joe Biden will visit Panama and Honduras this month, the U.S. State Department said on Thursday, days after Taiwan’s ally, the Honduras, announced that it would establish official diplomatic relations with China. Chris Dodd, the US president’s special adviser for the Americas, will visit the … Read more
WASHINGTON, March 16 (Reuters) – The U.S. banking system remains strong and Americans can be confident their deposits will be there when needed, Treasury Secretary Janet Yellen said on Thursday, although she denied that recent moves emergency following two major bank failures meant that a general government guarantee now existed for all deposits. In his … Read more
Weekly jobless claims fall by 20,000 to 192,000 Continuing claims decrease by 29,000 to 1.684 million Single-family housing starts increase by 1.1% in February Import prices fall by 0.1%; down 1.1% year-on-year WASHINGTON, March 16 (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, indicating continued … Read more
Stocks rise as Switzerland provides lifeline to Credit Suisse Bond yields rise, ECB expected to hike rates up to 50bps Oil rises from a 15-month low Graphic: world exchange rates LONDON, March 16 (Reuters) – European markets rebounded on Thursday as a 50 billion Swiss franc ($53.94 billion) lifeline for embattled lender Credit Suisse prepared … Read more
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