Category Archives:
Fed, US banks in focus as mood improves on Credit Suisse rescue
By Scott Murdoch, Selena Li and Tom Westbrook (Reuters) - Investors on Tuesday took some heart from the rescue of troubled lender Credit Suisse by its Swiss rival UBS, though concerns lingered about t...
Mar 20, 2023
Sri Lanka to receive first tranche from IMF in next two days
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) - Sri Lanka will receive the first tranche of about $330 million from the International Monetary Fund in the next two days, and, going forward, di...
Mar 20, 2023
China gives chipmakers easier subsidy access to help guide industry recovery – FT
(Reuters) - China is facilitating easier access to subsidies and more control over state-backed research for a handful of its chip companies, the Financial Times reported on Tuesday. Chipmakers such a...
Mar 20, 2023
Massive fire destroys New Jersey church
(Reuters) - A major fire burned a large church in Burlington, New Jersey to the ground on Monday, its roof collapsing as more than 100 firefighters and emergency personnel battled the flames, local me...
Mar 20, 2023
South Korea’s weak exports, easing prices may keep rates on hold
By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korean exports tumbled for the first 20 days of March and producer inflation eased last month, data showed on Tuesday, reinforcing expectations th...
Mar 20, 2023
PIMCO lost $340 million with Credit Suisse AT1 bonds write-off – source
By Davide Barbuscia NEW YORK (Reuters) - Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out by the takeover by UBS, with the American investment manager'...
Mar 20, 2023
US officials study ways to expand FDIC coverage to all deposits -Bloomberg News
(Reuters) - U.S officials are looking at ways to temporarily expand Federal Deposit Insurance Corp (FDIC) coverage to all deposits, Bloomberg News reported on Monday. U.S. Treasury Department staff ar...
Mar 20, 2023
Philippine central bank to raise rates 25 bps in March, 6.50% peak seen in Q2 – Reuters Poll
By Anant Chandak BENGALURU (Reuters) - The Philippine central bank will hike its main interest rate by a modest 25 basis points on Thursday, followed by another next quarter, making rates peak higher ...
Mar 20, 2023
Asia stocks bounce gingerly but bank fears lurk
By Tom Westbrook SINGAPORE (Reuters) - Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in ma...
Mar 20, 2023
Oil prices stabilize as banking deal eases some worries about crude appetite
By Laila Kearney (Reuters) - Oil prices stabilised on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and ...
Mar 20, 2023
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