By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are increasingly seeking insurance against a sudden crash in stocks, fearing that more tumult is in store for markets after worries over the b[...]
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March 17, 2023
Five trades from hedge funds to navigate US-China tensions
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON (Reuters) – Hedge funds are watching growing U.S.-Chinese geopolitical tensions and have spotted ways to trade them. U.S. authorities on[...]
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Factbox-Chipmakers’ plans for factories in Europe, US and Asia
(Reuters) – Chipmakers across the globe are pouring billions of dollars in investment to set up new plants, encouraged by the rising use of semiconductors in everyday devices and generous subsid[...]
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Actions giving banks more time to address organization, US’s Adeyemo says
WASHINGTON (Reuters) – Global markets will need time to process actions by regulators and banks this week, U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC on Friday, adding that U.S. offi[...]
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Two ECB hawks call for more rate hikes despite banking turmoil
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank needs to keep raising interest rates because underlying price growth is sticky, two policymakers seen as hawkish s[...]
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Investors pile into cash but “no equity capitulation” – BofA
By Lucy Raitano LONDON (Reuters) – Investors snapped up cash at the highest weekly rate since April 2020 in the week to March 15, according to BofA Global Research on Friday, against a tumultuou[...]
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ECB supervisors see no contagion to euro zone from bank turmoil, source says
FRANKFURT (Reuters) – European Central Bank supervisors meeting on Friday saw no contagion to euro zone banks from the market turmoil that has engulfed Credit Suisse and some U.S. lenders, a sou[...]
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Geely Chair Li Shufu sells his stake in Daimler Truck
BERLIN (Reuters) – Tenaciou3 Prospect Investment has sold its entire stake in Daimler Truck, a Daimler Truck spokesperson said on Friday. “We can confirm that … investor Tenaciou3 Pr[...]
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China cuts banks’ reserve ratio for first time in 2023 to aid recovery
By Ellen Zhang and Kevin Yao BEIJING (Reuters) -China’s central bank said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year to help keep liq[...]
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