FinanceSilicon Valley Bank is largest failure since 2008 crisis, billions strandedMarch 11, 202368California regulator closes SVB, appoints FDIC as receiverSVB focused on lending to start-ups; branches to reopen MondayFDIC to sell bank...
CurrenciesOil prices rise after buoyant U.S. payrollsMarch 10, 202372Brent, WTI down more than 3% this weekU.S. rate hike worries dominate market moodU.S. nonfarm payrolls rise more than expectedSaudi...
CurrenciesDollar weakens after U.S. jobs data suggests slower rate hike pathMarch 10, 202352NEW YORK, March 10 (Reuters) - The dollar weakened on Friday after U.S. labor data for February showed slower wage...
CurrenciesStrong US job growth persists; wage inflation shows signs of slowdownMarch 10, 202358Nonfarm payrolls increase by 311,000 in FebruaryUnemployment rate rises to 3.6% from 3.4%Average hourly earnings gain 0.2%; up 4.6% year-on-yearWASHINGTON,...
BankingSouth African stocks fall as bank jitters hit global marketsMarch 10, 202372JOHANNESBURG, March 10 (Reuters) - Shares on the Johannesburg Stock Exchange fell on Friday as a sell-off in banking stocks...
BankingEurope’s lenders sucked into global banks routMarch 10, 202374Europe's banks suffer worst day in nine monthsSelloff began in U.S. after tech lender SVB's capital raiseLONDON/FRANKFURT, March 10 (Reuters)...
BankingMorning Bid: Jumpy around jobsMarch 10, 202377A look at the day ahead in European and global markets from Vidya RanganathanFed Chairman Jerome Powell has made sure...
BankingUS bank jitters spook Asia stocks; yen slides after BOJMarch 10, 202375SINGAPORE, March 10 (Reuters) - Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for...
CurrenciesDollar dips from three-month highs, rates outlook dominatesMarch 8, 202362NEW YORK, March 8 (Reuters) - The dollar dipped modestly from three-month highs reached earlier on Wednesday as investors adjusted...
BankingMorning Bid: Powell’s plan, China challengeMarch 7, 202353A look at the day ahead in U.S. and global markets from Mike DolanWorld markets will hang on the words...