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Blog 3 Columns

  • Bank Slide Deepens As SVB Contagion Fear Rattles Markets

    Bank Slide Deepens As SVB Contagion Fear Rattles Markets0

    Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of U.S. inflation data due later in the day. Japan’s Nikkei dropped 2%. The Tokyo Stock Exchange banks index fell more than

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

    Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations0

    Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened

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

    Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed0

    Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in the dollar, after the Fed and other U.S. regulators intervened over

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

    Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded0

    Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal

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

    Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat0

    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 Japan retained its ultra-dovish stance. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.125, but

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  • Silvergate’s planned liquidation fuels another crypto rout

    Silvergate’s planned liquidation fuels another crypto rout0

    one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank (NASDAQ:SBNY) and former Silvergate partner

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

    Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook0

    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 £915M (£1 = $1.1848) this year and will aim for “low to mid-single-digit growth” in the dividend thereafter. “We are making excellent progress at Aviva,” chief executive Amanda Blanc said in

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  • Asian Stocks Slip On Weak Chinese Data, Fed jitters Persist

    Asian Stocks Slip On Weak Chinese Data, Fed jitters Persist0

    Most Asian stocks edged lower on Thursday as weaker-than-expected Chinese inflation data pointed to a sluggish economic recovery in the country, while fears of a more hawkish Federal Reserve continued to chip away at sentiment. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.3% each after data showed consumer inflation grew substantially less

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  • Shell, Chevron And Petrobras Weigh Guyana Oil Auction Bids -Sources

    Shell, Chevron And Petrobras Weigh Guyana Oil Auction Bids -Sources0

    Guyana’s coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell (LON:RDSa), Petrobras and Chevron , to consider the decade’s hottest oil region, people close to the matter said. The South American country is offering 14 offshore blocks, a move to speed economic development and reduce an Exxon Mobil-led consortium’s

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