Tag: CRU
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Shares gain because bank support encourages investors
MSCI All-World index up 0.3%, dollar falls UBS rehires Ermotti as head of the merged unit Alibaba up 13%, other Chinese tech stocks up Oil rises, gold falls LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors took heart from greater levels of stability in the banking sector, but the sense of […]
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Stocks rise, US Treasury yields rise as bank fears ease
HONG KONG, March 28 (Reuters) – Global stocks and US bond yields rose on Tuesday, as a US regulator-backed deal by First Citizens BancShares to buy the failed Silicon Valley Bank allayed wider concerns about problems in the sector. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.3% by early morning in […]
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Morning offer: Banks leak money
A look at the day ahead at Wayne Cole’s European and global markets It’s been a quiet Monday so far with mixed Asian stock markets, but US and European stock futures higher, perhaps because they made it through a weekend without another bank failure. There is some relief that First Citizens BancShares Inc (FCNCA.O) is […]
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Saudi Aramco inks $12.2 billion Chinese oil refinery, petchem complex deal
SINGAPORE, March 27 (Reuters) – Saudi Aramco (2222.SE) on Sunday signed an agreement with Chinese partners for an oil refining and petrochemical project in northeastern China expected to open in 2026 to meet growing demand from the land to fuel and chemicals. The project in the city of Panjin in Liaoning Province will be Aramco’s […]
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Asian equities are skittish as banks face bankruptcy stress
Asian Fairs: Nikkei up 0.3%, S&P 500 and European futures up Eyes on Deutsche Bank, credit default swaps Deposits flow from banks to money market funds SYDNEY, March 27 (Reuters) – Asian stocks struggled on Monday as US and European stock futures rallied higher on hopes authorities sought to shield stress in the global banking […]
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Oil falls as US postpones replenishment of strategic reserve
March 24 (Reuters) – Oil prices added to losses on Friday on concerns over possible oversupply after US Secretary of Energy Jennifer Granholm said replenishing the country’s Strategic Petroleum Reserve (SPR) could take several years. Brent crude fell 34 cents, or 0.45%, to $75.57 a barrel by 0412 GMT, while US West Texas Intermediate crude […]
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The quest for safety is easing as markets process Credit Suisse’s bailout
Credit Suisse plunges more than 60% after an emergency takeover over the weekend European Banks Backtrack Some Ground After Initial 5% Drop Treasury bonds and gold rise as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European banking stocks fought back from an early slump on Monday […]
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Equity futures rise higher on Credit Suisse buyout
SINGAPORE, March 20 (Reuters) – US stock futures rose in Asian trading on Monday in relief following a weekend bailout for Credit Suisse, though the mood was jittery and financial stocks remained weighed down by contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trading. Japanese Nikkei […]
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Asian markets are oozing with banking turmoil to end a tumultuous week
Asian Stock Markets: The ECB delivered a 50 basis point hike as promised, dropped forecasts Credit Suisse shares rallied 20% after support from the SNB First Republic Bank Gets $30 Billion Injection, Concerns Remain Fed data showed banks were looking for record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally […]
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ECB interest rate hike expected after Switzerland supports Credit Suisse
Stocks rise as Switzerland provides Credit Suisse with lifeline Bond yields are rising, ECB expected rate hikes of as much as 50 basis points Oil climbs from 15-month low Graphic: World FX Rates LONDON, March 16 (Reuters) – European markets rallied on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender […]