By Andrea Shalal, Howard Schneider and Pete Schroeder WASHINGTON/SINGAPORE (Reuters) – U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after t[...]
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March 13, 2023
Marketmind: Bank rescue leaves Fed in a rate bind
A look at the day ahead in European and global markets from Wayne Cole So, U.S. authorities have ridden to the rescue of the financial system, generating the biggest rally in short-term bonds in decad[...]
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Top China homebuilder Country Garden to book net loss for 2022
By Clare Jim and Donny Kwok HONG KONG (Reuters) – Top Chinese property developer Country Garden Holdings said on Monday it expected to post its first net loss since listing in 2007 due to a slug[...]
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Bitcoin, USDC stablecoin rally after US intervenes on SVB
SINGAPORE (Reuters) -Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and as cryptocurren[...]
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China chooses continuity, retaining central bank chief, finance minister
By Joe Cash BEIJING (Reuters) -China unexpectedly kept its central bank governor and finance minister in their posts at the annual session of the rubber-stamp parliament on Sunday, prioritising contin[...]
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Silicon Valley exhales after US intervenes in SVB collapse
By Krystal Hu, Anna Tong, Jeffrey Dastin and Greg Bensinger (Reuters) – A wave of relief swept over Silicon Valley Sunday following a tense weekend of board meetings, emergency funding plans and[...]
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Factbox-Key elements of Fed’s new US bank funding program
(Reuters) – The Federal Reserve on Sunday unveiled a new program to ensure banks can meet the needs of all their depositors amid escalating chances of bank runs following the abrupt collapse of[...]
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Circle says $3.3 billion USDC reserves to be fully available on Monday
(Reuters) -Cryptocurrency firm Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole and the $3.3 billion USDC reserve deposit held at S[...]
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Caterpillar union workers vote in favor of six-year labor agreement
By Bianca Flowers and Mrinmay Dey (Reuters) -The United Auto Workers (UAW) union said members at four local chapters working at Caterpillar had voted in favor of a new six-year labor contract with the[...]
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