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Tag: ECON

  • Exclusive: EU drafts plan to allow electric cars with combustion engine

    Brussels proposes an exception for electric fuel cars from 2035 Germany is still examining EU draft proposal Berlin sees the technological state as problematic Goal to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new combustion engine cars after 2035 […]

  • 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 […]

  • 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 […]

  • ECB watchdog sees no contagion of Europe after US and Swiss bank rescues

    March 17 (Reuters) – European Central Bank regulators see no contagion for eurozone banks from the recent turmoil, a source said Friday, after US lenders First Republic Bank (FRC.N) tossed a $30bn lifeline and record amounts from the Federal Reserve. To book. Major US banks stepped in on Thursday to bail out the San Francisco-based […]

  • The US banking system is sound, but not all deposits are guaranteed, Yellen tells senators

    WASHINGTON, March 16 (Reuters) – The US banking system remains sound and Americans can be confident that their deposits will be there when they are needed, Treasury Secretary Janet Yellen said on Thursday, though she denied that recent bailouts following two major bank failures mean there is there was now a general government guarantee for […]

  • US weekly jobless claims fall; housing find bottom

    Weekly jobless claims fall by 20,000 to 192,000 Continuing claims decrease by 29,000 to 1.684 million Single-family homes start to rise 1.1% in February Import prices fall by 0.1%; down 1.1% year-on-year WASHINGTON, March 16 (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to […]

  • 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 […]

  • Credit Suisse secures $54 billion lifeline as authorities scramble to prevent global banking crisis

    March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence after a slump in its shares raised fears of a global banking crisis . The Swiss bank’s announcement on Thursday helped counter heavy selling in financial markets […]

  • Wall Street collapses as Credit Suisse triggers another bank sell-off

    February retail sales, falling producer inflation Credit Suisse US stocks hit record lows Regional bank shares fall NEW YORK, March 15 (Reuters) – US stocks lost late Wednesday, but the Dow and S&P 500 still closed lower as problems at Credit Suisse revived fears of a banking crisis, lowering bets on a smaller US rate […]

  • Wall Street wins as inflation cools, banking jitters subside

    Feb CPI in line with expectations Restore regional banks Meta stands up for more layoff plans Uber and Lyft win after decision of the California court Indexes up: Dow 0.23%, S&P 0.82%, Nasdaq 1.24% NEW YORK, March 14 (Reuters) – Wall Street rallied on Tuesday, as largely on-target inflation data and receding fears of contagion […]