Yellen says US banking system sound despite turmoil WASHINGTON: The US banking system remains sound despite market anxiety over the collapse of Silicon Valley Bank ... Updated 17 Mar, 2023 09:15am
Business & Finance Credit Suisse’s $54bn lifeline gives global banks tentative respite ZURICH: Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up ... Published 17 Mar, 2023 06:15am
Business & Finance US banking system ‘remains sound’: Yellen WASHINGTON: The US banking system “remains sound” despite market anxiety over the collapse of Silicon Valley Bank... Published 16 Mar, 2023 05:07pm
Markets Market turmoil tests ECB rate hike appetite FRANKFURT: European Central Bank governors will meet Thursday, with fears over a widening banking crisis testing... Published 16 Mar, 2023 10:33am
Markets Fear over bank turmoil sparks flight to safe haven currencies SINGAPORE: Safe haven currencies like the US dollar and the yen were in bid on Thursday on renewed fears of a global... Published 16 Mar, 2023 10:31am
Markets China stocks steady as contagion fears lift risk mood HONG KONG: China stocks were steady on Wednesday as investors assessed domestic economic data that signalled signs ... Published 16 Mar, 2023 06:01am
Business & Finance Credit Suisse slump leads Europe bank rout as SVB fallout grows PARIS: Credit Suisse shares hit a record low on Wednesday in a rout of European bank stocks, as investor concerns... Published 16 Mar, 2023 06:01am
Markets Malaysia says its banks have limited exposure to Silicon Valley Bank crisis KUALA LUMPUR: Malaysia’s government on Wednesday said the country’s banks have limited exposure to Silicon Valley... Published 15 Mar, 2023 02:19pm
Markets ECB likely to stick to big rate hike despite banking turmoil, source says FRANKFURT: European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on... Published 15 Mar, 2023 12:49pm
Markets SVB caretaker urges depositors to come back NEW YORK: The head of Silicon Valley Bridge Bank, created by US regulators to succeed Silicon Valley Bank after it... Updated 15 Mar, 2023 06:17pm
Markets Asian currencies climb as fears of rapid Fed hikes ease Asian currencies trended higher on Wednesday, with the Philippine peso among the top gainers, after a largely on... Published 15 Mar, 2023 10:14am
Markets China stocks climb as economic data, easing contagion fears lift risk mood HONG KONG: China stocks saw a broad-based rally on Wednesday as investors welcomed domestic economic data that... Published 15 Mar, 2023 10:06am
Business & Finance Moody’s changes outlook on US banking system to ‘negative’ Moody’s Investors Service on Tuesday revised its outlook on the US banking system to “negative” from “stable”,... Updated 15 Mar, 2023 02:23pm
Markets Indian shares hit 5-month low on US banking crisis BENGALURU: Indian shares hit a five-month low on Tuesday as the relentless selling continued for a fourth session... Published 15 Mar, 2023 06:01am
Markets China stocks fall as SVB contagion fears persist SHANGHAI: China and Hong Kong stocks fell to their lowest in more than two months on Tuesday, as fears about... Published 15 Mar, 2023 06:01am
Markets European stocks log strongest one-day gain PARIS: European shares on Tuesday posted their biggest single-day gain in nearly three months, helped by a resilient... Published 15 Mar, 2023 06:01am
Markets Palm oil closes at near one-month low on economic fears KUALA LUMPUR: Malaysian palm oil futures fell for a third session on Tuesday, hitting their lowest closing in nearly... Published 15 Mar, 2023 06:01am
Markets Oil declines to 9-week low on inflation worries NEW YORK: Oil prices dropped about 3% to a nine-week low on Tuesday after a US inflation report and the recent US... Published 15 Mar, 2023 06:01am
Markets Shares of US regional banks lick wounds after SVB-fueled rout Shares of U.S. regional banks rose in premarket trading on Tuesday after suffering double-digit losses over the past... Published 14 Mar, 2023 05:29pm
Markets Most Gulf markets retreat on US bank’s contagion fears Most Gulf stock markets fell in early trade on Tuesday, as fears of contagion risks from US-based Silicon Valley... Published 14 Mar, 2023 02:24pm
Markets Indian bond yields little changed as retail inflation dents mood MUMBAI: Indian government bond yields were trading largely unchanged in the early session on Tuesday as local retail... Published 14 Mar, 2023 12:06pm
Markets Japan banks, JGB yields plunge as traders assess SVB fallout TOKYO: Japanese banking shares on Tuesday were set for their biggest tumble since the onset of the COVID-19... Published 14 Mar, 2023 11:45am
Business & Finance Japan’s policymakers play down contagion risk from SVB collapse TOKYO: Japanese policymakers on Tuesday played down the risk of the economy taking a hit from the collapse of US... Published 14 Mar, 2023 11:11am
Markets Gold slips but holds above $1,900 on Fed slowdown hopes Gold prices slipped on Tuesday from a more than five-week high, but held just above the key $1,900 level as... Published 14 Mar, 2023 11:03am
Markets Aussie dollar slips, bonds enjoy biggest rally in a decade as RBA cuts priced in SYDNEY: The Australian dollar eased on Tuesday on souring risk appetite, while bonds posted their biggest rally in... Published 14 Mar, 2023 10:22am
Markets Dollar sags as US banks’ collapse have markets wagering on no Fed hike SINGAPORE: The dollar languished near a multi-week low on Tuesday as fears of a broader systemic crisis following... Published 14 Mar, 2023 10:18am
Markets European stocks log steepest one-day fall this year PARIS: European stocks logged their steepest one-day fall this year on Monday on continued drag from banking stocks... Published 14 Mar, 2023 03:18am
Markets Gold, silver soar as SVB disaster spurs flight to safety NEW YORK: Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the... Published 14 Mar, 2023 03:18am
Markets Copper prices rise in volatile trading LONDON: Copper prices in London rose in volatile trading on Monday as markets processed the sudden collapse of... Published 14 Mar, 2023 03:18am
Markets Most Gulf markets in red DUBAI: Most stock markets in the Gulf ended lower on Monday, extending losses from the previous session as the... Published 14 Mar, 2023 03:18am