Tag: MTPIX
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South African mining sector lifts local stocks, rand firms
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 ... -
Cryptoverse: Buoyant bitcoin’s losing its liquidity
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 ... -
Brookfield to step up Australia renewables investment with $10.2 bln Origin deal
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 ... -
Morning Bid: U.S. bank deal allays systemic fears
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 ... -
Egypt’s poultry sector reels from currency turmoil, driving up prices
Rising cost of imported feed hurt poultry farmers Shopkeeper says price of chicken tripled in a year CAIRO, March 27 (Reuters) – Last year, Ihab Gomaa was managing 12 chicken farms in Egypt’s Fayoum, an agricultural region south-west of Cairo. Now five are shuttered, after the poultry sector, which depends heavily on imported feed, was ... -
ANZ CEO says banking turmoil has potential to trigger financial crisis
SYDNEY, March 27 (Reuters) – Australia and New Zealand Banking Group’s (ANZ.AX) CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. Authorities around the world are on high alert ... -
US Vice President Harris promises greater investment for Africa
ACCRA, March 26 (Reuters) – U.S. Vice President Kamala Harris said on Sunday that the United States will increase investment in Africa and help spur economic growth as she began a week long tour of the continent aimed at offering a counter to the influence of rival China. China has invested heavily in Africa in ... -
Credit Suisse accessed billions in liquidity last weekend, Swiss finance minister says
ZURICH, March 25 (Reuters) – Credit Suisse (CSGN.S) tapped the Swiss National Bank for “a large multi-billion amount” last weekend to secure its liquidity, the country’s finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday. The troubled Swiss bank had said last week it intended to borrow up to 50 billion Swiss francs from ... -
Factbox: The biggest financial crises of the last four decades
March 25 (Reuters) – Markets have experienced massive upheaval in the last month, prompted in part by two of the three largest banking failures in U.S. history while Swiss lender Credit Suisse was bought by rival UBS Group AG (UBSG.S) in a merger engineered by Swiss regulators. Fears of banking contagion remain, and investors are ... -
Analysis: Banking woes, Fed keep U.S. market investors on edge
NEW YORK, March 25 (Reuters) – Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve’s tightening will ripple through the economy. Banking sector concerns drove sharp moves in financial stocks in the United ...
