Author: Ritu

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Credit Suisse Lifeline, First Republic Rescue: What You Need To Know

Credit Suisse headed into a make-or-break weekend after some rivals grew cautious in their dealings with the struggling Swiss lender, and...

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Oil Prices Rise On OPEC+ Hopes, But Set For Steep Weekly Losses

Oil prices crept higher on Friday on the prospect of supportive measures by the OPEC+, although fears of an economic slowdown stemming from...

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Asian Stocks Surge As Bank Bailouts Lift Spirits

Asian stock markets rose on Friday, recovering from a series of sharp losses this week as government and institutional support to stem a...

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ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says

European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking...

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Bank Slide Deepens As SVB Contagion Fear Rattles Markets

Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors...

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Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations

Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the...

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Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed

Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its...

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Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded

Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse...

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Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat

The U.S. dollar edged lower in early European trade Friday ahead of the key monthly jobs report, and the yen weakened after the Bank of...

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Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook

The U.K. asset manager and insurer said it is confident of its ability to continue generating surplus cash and expects to pay out around...

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