Tag: FR
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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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The lending of digital books by the Internet Archive is in violation of copyright, according to the rules of US judges
25 March (Reuters) – A US judge has ruled that an online library run by the non-profit organization Internet Archive infringed the copyrights of four major US publishers by lending digitally scanned copies of their books. The ruling by US District Judge John Koeltl in Manhattan on Friday came in a closely watched lawsuit that […]
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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 […]
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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 […]
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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 […]
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Global markets prepare for aftershocks as SVB collapse ripples out
SYDNEY, March 13 (Reuters) – Markets were in for a bumpy ride this week as the fallout from the collapse of startup-focused lender Silicon Valley Bank (SVB), the largest US bank failure since the 2008 financial crisis, coincides with major economic data and policy meetings. S&P500 futures rose 1.4% after US authorities guaranteed that SVB […]
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US organizes ‘material action’ to stop SVB outages
NEW YORK, March 12 (Reuters) – US authorities on Sunday were preparing “material action” to bolster deposits at Silicon Valley Bank (SVB) and try to mitigate any wider financial fallout from the sudden collapse of the technology-based startup-focused lender counter. sources familiar with the matter told Reuters. Officials in the Biden administration worked all weekend […]
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Morning Offer: Market Hopeful Awaits Powell Testimony
A look at the day ahead at European and global markets from Ankur Banerjee Investors found themselves craving risky assets at the start of a pivotal week, shrugging off disappointment that China has set a modest target for economic growth this year, with European equities set to carry the momentum. After its best weekly performance […]
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Morning Bid: It’s all about inflation
A look at the day ahead at Anshuman Daga’s European and global markets Markets are looking at inflation again. Just as global economic growth eases and labor markets remain tight, price trends have become the main focus for investors. A slew of strong economic data from the US has bolstered the view that interest rates […]
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Nissan raises global EV targets; to increase localization in the US
TOKYO, Feb. 27 (Reuters) – Nissan Motor Co Ltd (7201.T) on Monday raised its sales targets for electrified cars, saying it will increase powertrain production in the United States as it appears to be catching up in a segment dominated by newer automakers such as Tesla Inc (TSLA.O). The Japanese automaker pioneered electric vehicles (EVs) […]