Asian scholarships: Nikkei rebounds with banks, S&P 500 futures hold steady Market favors 25 basis point Fed hike and dovish stance Euro holds onto gains after jump in German bond yields SYDNEY, March 22 (Reuters) – Asian stocks rallied cautiously on Wednesday in hopes of averting a global banking crisis amid uncertainty surrounding the outlook … Read more
Credit Suisse tumbles more than 60% after emergency weekend takeover European banks recover ground after initial 5% drop Government bonds and gold rally as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European bank stocks retaliated on Monday after an early slump and the interactive rush for … Read more
SINGAPORE, March 20 (Reuters) – U.S. equity futures rose in Asian trade on Monday in relief from a weekend bailout deal for Credit Suisse, although the mood was jittery and that 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 … Read more
Ernie’s launch comes as Google and Microsoft step up the AI ​​game Baidu shares fall as CEO gives brief video presentations Analysts say scripted event, pre-recorded videos disappointed Ernie can do math, write poems, generate images and videos BEIJING/HONG KONG, March 16 (Reuters) – China’s Baidu on Thursday unveiled its highly anticipated artificial intelligence-based chatbot … Read more
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence, after a slump in its equities has intensified fears of a global banking crisis. The bank’s announcement, which came in the middle of the night in Zurich, … Read more
WASHINGTON, March 15 (Reuters) – The Biden administration has demanded that Chinese owners of TikTok divest their shares in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move, first reported by The Wall Street Journal, is the most dramatic in a string of recent moves by … Read more
LONDON/SINGAPORE, March 13 (Reuters) – Banking stocks in Europe and Asia plunged on Monday as the U.S. decision to guarantee deposits at collapsed tech lender Silicon Valley Bank failed to reassure investors of financial strength from other banks. Europe’s STOXX banking index (.SX7P) fell 4.3%, after losing 3.78% on Friday, leaving it on track for … 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
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
SINGAPORE, March 10 (Reuters) – Falling bank stocks sent Asian markets tumbling on Friday as bonds rallied and expectations of a U.S. interest rate hike were reduced after a surprise fundraise from a Silicon Valley start-up lender sparked fears of wider strains on the banking system. The yen weakened and Japanese government bond yields plunged … Read more
