Tag: US
-
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 ... -
Softer dollar buoys gold, but banking optimism limits safe-haven appeal
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 ... -
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 ... -
US banking concerns shift from crisis to growth woes
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 ... -
Credit Agricole launches China M&A and investment banking business
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 ... -
Morning Bid: Banks are leaking money
A look at the day ahead in European and global markets from Wayne Cole It’s been a quiet Monday so far with Asian share markets mixed but U.S. and European stock futures higher, perhaps because they got through a weekend without another bank collapsing. There is some relief that First Citizens BancShares Inc (FCNCA.O) is ... -
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 ... -
Oil prices climb in relief rally as banking concerns ease
SINGAPORE, March 27 (Reuters) – Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures gained 33 cents, or 0.4%, to $75.32 a barrel at 0040 GMT. U.S. West ... -
Asia wary, US stock futures up on SVB reports
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 ... -
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 ...
