OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to close competitive gaps with United States with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric-vehicle (EV) manufacturers and expanding the electricity grid. The 2023-2024 fiscal document, delivered to the House of Commons, also includes a “grocery rebate” for ...

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 ...

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 ...

Asian stock markets : Nikkei up 0.1%, S&P 500 futures rises 0.5% Eyes on Deutsche Bank, credit default swaps Deposits flow to money market funds from banks SYDNEY, (Reuters) – Asian shares followed U.S. stock futures higher on Monday on hopes authorities were working to ring fence stress in the global banking system, even as ...

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 ...

ZURICH, March 26 (Reuters) – Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse (CSGN.S) managers after Switzerland’s second largest bank had to be rescued last week by UBS (UBSG.S). FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag it was “still open” whether new proceedings would ...

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 ...

KBW Regional Bank index rebounds U.S.-listed shares of Deutsche Bank slide Activision surges as regulators drop concerns on Microsoft deal Indexes up: Dow 0.41%, S&P 0.56%, Nasdaq 0.31% NEW YORK, March 24 (Reuters) – U.S. stocks closed higher on Friday, marking the end of a tumultuous week as Federal Reserve officials calmed investor fears over ...