March 22 (Reuters) – A scramble by troubled U.S. lender First Republic Bank (FRC.N) for a capital injection on Wednesday rekindled concerns about the wider banking sector as authorities considered measures to further strengthen the financial stability. As recent market turmoil has eased, the Federal Reserve meeting later today is now a major concern for … Read more
March 21 (Reuters) – Nvidia Corp’s (NVDA.O) chief executive Jensen Huang on Tuesday unveiled a new product to accelerate semiconductor design by deploying a range of new artificial intelligence technologies based on its chips and its software. Huang made the remarks at GTC, the company’s annual conference for software developers. Analysts are waiting for the … Read more
March 20 (Reuters) – U.S. banking stocks rose on Monday and European lenders rebounded from a strong early sell-off after the state-backed takeover of Credit Suisse by UBS Group appeared to wipe out a source of concern for the global banking sector. In a package designed by Swiss regulators on Sunday, UBS Group AG (UBSG.S) … Read more
March 19 (Reuters) – Talks on bailing out 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 … Read more
March 16 (Reuters) – Several major banks are in talks to deposit billions of dollars at First Republic Bank (FRC.N), sources familiar with the matter said on Thursday, as the U.S. lender became the latest to be swept away by fears of a rapidly worsening banking crisis. The collapse of Silicon Valley Bank last week … 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
SINGAPORE, March 13 (Reuters) – The U.S. dollar fell sharply on Monday as authorities moved to limit the fallout from the sudden collapse of Silicon Valley Bank (SIVB.O), with investors hoping the Federal Reserve will adopt a less aggressive monetary path. . The US government announced several measures early Monday during Asian times and said … Read more
https://tmsnrt.rs/2zpUAr4 US authorities act to stabilize banks Markets speculate on less aggressive Fed hikes Short-term Treasury yields fall, Fed futures jump SYDNEY, March 13 (Reuters) – U.S. stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors were betting … Read more
MUMBAI, March 12 (Reuters) – India’s minister of state for technology said on Sunday he would meet with start-ups this week to assess the impact on them of the collapse of Silicon Valley Bank (SIVB. O), as concerns grow over the fallout for India. start-up sector. California banking regulators shuttered Silicon Valley Bank (SVB) on … Read more
HONG KONG, March 12 (Reuters) – Chinese stock investors, already disappointed by Beijing’s weaker-than-expected economic growth target for the year, will be further discouraged by the sharp collapse of U.S. lender SVB Financial Group, market participants said. China’s CSI300 index (.CSI300) fell 4% last week, while Hong Kong’s Hang Seng (.HSI) fell 6% amid China’s … Read more
