Slower China factory activity growth challenges economic recovery prospects
Manufacturing PMI 51.9 in March vs 52.6 in Feb Non-manufacturing PMI expands at fastest pace in nearly 12 years BEIJING, March 31 (Reuters) – China’s...
US regulator cites ‘terrible’ risk management for Silicon Valley Bank failure
WASHINGTON, March 28 (Reuters) – A top U.S. regulator told a Senate panel on Tuesday that Silicon Valley Bank did a “terrible” job of managing...
Germany at a standstill as huge strike halts planes and trains
Unions launch 24-hour strike, biggest since 1992 Germany’s largest airports suspend flights Workers demand better pay to withstand price rises Inflation at near double digits...
Credit Suisse accessed billions in liquidity last weekend, Swiss finance minister says
ZURICH, March 25 (Reuters) – Credit Suisse (CSGN.S) tapped the Swiss National Bank for “a large multi-billion amount” last weekend to secure its liquidity, the...
European stocks fall as Deutsche Bank sparks another bank rout
European banks post third week of losses Deutsche Bank among top decliners STOXX down 1.4%, still set for weekly gains March 24 (Reuters) – A...
Banking stocks slide as global investors seek safer shores
March 24 (Reuters) – Banking stocks fell again on Friday, with shares in German giant Deutsche Bank knocked by worries that regulators and central banks...
Americans are wary of bailouts as banking concerns mount -Reuters/Ipsos poll
WASHINGTON, March 15 (Reuters) – A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, though...
Global turmoil makes Australian banks’ refinancing mountain a harder climb
SYDNEY, March 17 (Reuters) – An A$300 billion ($201.21 billion) refinancing task for Australia’s biggest banks is about to get harder, say analysts, as appetite...
Gold sparkles in stormy week for markets
Focus on Fed policy meeting next week Gold to shine through the chaos – analyst All precious metals head for weekly gains Gold touches 11-month...
Global equities fall, gold surges as banking worries linger
Wall Street, European stock indexes fall First Republic Bank gets $30 bln injection, worries linger Fed data showed banks sought record emergency liquidity Gold heads...