Month: March 2023

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Bank Slide Deepens As SVB Contagion Fear Rattles Markets

Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors...

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Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations

Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the...

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Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed

Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its...

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Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded

Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse...

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Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat

The U.S. dollar edged lower in early European trade Friday ahead of the key monthly jobs report, and the yen weakened after the Bank of...

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Silvergate’s planned liquidation fuels another crypto rout

one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate...

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Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook

The U.K. asset manager and insurer said it is confident of its ability to continue generating surplus cash and expects to pay out around...

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Asian Stocks Slip On Weak Chinese Data, Fed jitters Persist

Most Asian stocks edged lower on Thursday as weaker-than-expected Chinese inflation data pointed to a sluggish economic recovery in the...

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Shell, Chevron And Petrobras Weigh Guyana Oil Auction Bids -Sources

Guyana’s coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell (LON:RDSa), Petrobras and...

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Gold Prices Mixed, Copper Sinks On Weak China GDP Target

Gold prices were mixed on Monday amid some uncertainty over U.S. monetary policy, while copper prices retreated sharply as major importer...

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