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
WASHINGTON, March 20 (Reuters) – Hard-line Republicans in the House of Representatives vowed on Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000, throwing a major hurdle to a key tool regulators could deploy if banks rush again. as financial confidence falters. The Republican House Freedom Caucus said … Read more
LONDON, March 20 (Reuters) – Some of the world’s leading flu vaccine makers say they could make hundreds of millions of bird flu vaccines for humans within months if a new strain of bird flu crosses the division. some change. A current outbreak of bird flu known as H5N1 clade 2.3.4.4b has killed record numbers … 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
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
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
February Retail Sales, Lower Producer Inflation Credit Suisse US shares hit all-time low Shares of regional banks fall NEW YORK, March 15 (Reuters) – U.S. stocks pared losses on Wednesday evening but the Dow Jones and S&P 500 still closed lower as Credit Suisse problems rekindled fears of a banking crisis, eclipsing bets on a … 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
