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  • ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says

    ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says0

    European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, as they expect inflation will remain too high in coming years, a source told Reuters. Investors had begun to doubt the ECB’s commitment to another big rate hike this week after the collapse of Silicon

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  • Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed

    Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed0

    Most Asian stock markets rose on Wednesday, helped by a recovery in bank shares amid easing fears over a potential crisis in the U.S., while growing bets that the Federal Reserve will adopt a less hawkish stance also aided sentiment. Regional markets took positive cues from an overnight recovery on Wall Street, after consumer inflation

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  • Spain’s Mango Plans U.S. Expansion After China Retreat

    Spain’s Mango Plans U.S. Expansion After China Retreat0

    Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China, Chief Executive Officer Toni Ruiz said. Mango is returning to the United States – after two previous attempts failed – offering higher-priced clothes meant for special occasions and parties. It will target states where online sales are already strong. The

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  • Bank Slide Deepens As SVB Contagion Fear Rattles Markets

    Bank Slide Deepens As SVB Contagion Fear Rattles Markets0

    Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of U.S. inflation data due later in the day. Japan’s Nikkei dropped 2%. The Tokyo Stock Exchange banks index fell more than

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  • Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations

    Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations0

    Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened

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  • Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed

    Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed0

    Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in the dollar, after the Fed and other U.S. regulators intervened over

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  • Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded

    Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded0

    Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal

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  • Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat

    Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat0

    The U.S. dollar edged lower in early European trade Friday ahead of the key monthly jobs report, and the yen weakened after the Bank of Japan retained its ultra-dovish stance. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.125, but

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  • Silvergate’s planned liquidation fuels another crypto rout

    Silvergate’s planned liquidation fuels another crypto rout0

    one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank (NASDAQ:SBNY) and former Silvergate partner

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