By Fergal Smith (Reuters) – Canada’s main stock index rose on Monday, helped by gains for resource and financial shares, as some calm returned to global financial markets after the turmoil[...]
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March 20, 2023
The canary is alive and chirping a year into Fed’s rate hiking cycle
By Howard Schneider WASHINGTON (Reuters) – Utah homebuilder Ivory Homes still has a pipeline of several hundred houses under construction, but CEO Clark Ivory isn’t pulling permits for any[...]
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Factbox-Goldman Sachs lowers oil price forecasts for 2023, 2024
(Reuters) – Goldman Sachs lowered its crude price forecast for this year and 2024, citing a recent slump in oil prices due to banking stress, recession fears, and an exodus of investor flows.[...]
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Microsoft’s EU remedies target only cloud streaming rivals, sources says
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft Corp’s remedies to address European Union antitrust concerns over its $69 billion acquisition of Activision focus only on cloud gaming servic[...]
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JPMorgan, Deutsche Bank ordered to face lawsuits over Jeffrey Epstein ties
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge said on Monday JPMorgan Chase & Co and Deutsche Bank AG must face lawsuits accusing them of enabling Jeffrey Epstein’s sex traffic[...]
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Coinbase halts support for Signature Bank’s digital payments platform
(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank’s digital payments platform Signet, more than a week after U.S. regulators[...]
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Oil prices rebound after hitting lowest since 2021 on banking fears
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rebounded and rose over 1% on Monday after diving to their lowest levels in 15 months as the market worried that risks in the global banking sector co[...]
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Credit Suisse memorabilia up for grabs in online shops after merger
ZURICH (Reuters) – Within hours of its state-backed takeover by UBS Group being announced, memorabilia bearing lender Credit Suisse’s name and logo was being put up for sale in Switzerland[...]
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FDIC to break up SVB, seeks separate sale of private unit
By Manya Saini (Reuters) -The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposits unit and its pri[...]
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