JOHANNESBURG, March 28 (Reuters) – South African mining stocks rose on Tuesday on the back of a weaker dollar and bigger risk appetite from investors, while local currency rand strengthened. Even though a buyout of the beleaguered Silicon Valley Bank helped calm investors’ nerves, safe haven gold continued to lure investors, while positive demand outlook ...

FRANKFURT, March 28 (Reuters) – Recent volatility in Deutsche Bank (DBKGn.DE) shares was concerning as it showed investors were on edge and could be spooked by moves in the small market for credit default swaps (CDS), European Central Bank supervisor Andrea Enria said on Tuesday. The German bank’s shares tumbled last Friday as the cost ...

March 28 (Reuters) – Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings. The price of the No.1 cryptocurrency has jumped 40% to around $27,700 since March 10, when the failure ...

Gold might retest support at $1,945/oz – technicals U.S. dollar down 0.2% Global stocks rise on Tuesday March 28 (Reuters) – Gold prices rose on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system limited the safe-haven metal’s appeal. Spot gold ...

SYDNEY, March 28 (Reuters) – Brookfield Asset Management (BAM.TO) will spend about $13.3 billion over the next decade to replace Origin Energy’s (ORG.AX) Australian power generation infrastructure with new-build renewables and storage facilities, a senior executive said on Tuesday. Origin Energy on Monday agreed to a A$15.35 billion ($10.21 billion) takeover offer from a consortium ...

SYDNEY, March 28 (Reuters) – The head of Australia’s prudential regulator said on Tuesday the country’s banks were among the best placed in the world to handle a financial crisis, following the collapse of Silicon Valley Bank (SVB) that roiled international markets. The differences between regulatory requirements for Australian banks versus many overseas jurisdictions “give ...

March 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets could rebound on Tuesday from their sluggish start to the week, after a deal to buy the assets of stricken U.S. bank Silicon Valley Bank (SVB) prompted a relief rally in financials and allayed fears of deeper ...

NEW YORK, March 27 (Reuters) – After the collapse of two U.S. banks and record outflows from smaller lenders, the banking industry is shifting its concern from an immediate crisis to a medium-term worry: economic growth. Deposits held by small U.S. banks dropped by a record $119 billion to $5.46 trillion after the collapse of ...

HONG KONG, March 27 (Reuters) – Credit Agricole (CAGR.PA), France’s second-biggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit. The new unit, Credit Agricole (Beijing) Advisory Services, focuses on cross-border merger and acquisition, encompassing purchases, disposals and capital raising, it said ...

Banks bounce back after Friday’s sell-off Novartis surges after positive trial results Orange up after Morgan Stanley raises to ‘overweight’ March 27 (Reuters) – European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over concerns about banking sector stability after the collapse of Credit Suisse and ...