WASHINGTON, March 31 (Reuters) – The International Monetary Fund said on Friday its board of directors approved a four-year, $15.6 billion loan program for Ukraine, part of a broader $115 billion international support package to help the country meet the urgent financing needs in its struggle The 13-month-old invasion of Russia. The decision paves the … Read more
NEW YORK/WASHINGTON, March 31 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has hired advisers to sell the securities portfolios rejected by the new owners of the bankrupt Silicon Valley Bank and Signature Bank, according to people in the know with the case. The portfolios consist of low-interest assets, such as government bonds and U.S. … Read more
SINGAPORE, March 30 (Reuters) – Equity markets in Asia posted recent gains on Thursday, as fears of a banking crisis eased and investors weighed whether a breakup of Chinese conglomerate Alibaba could signal that Beijing’s regulatory storm targeting tech companies , could finally disappear. The MSCI index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.2%. … Read more
MSCI All-World index up 0.3%, dollar falls UBS rehires Ermotti as head of the merged unit Alibaba up 13%, other Chinese tech stocks up Oil rises, gold falls LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors took heart from greater levels of stability in the banking sector, but the sense of … Read more
March 28 (Reuters) – The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s (SBNY.O) crypto clients that they have until April 5 to close their accounts and move their funds. The deposits in question were not part of a rescue deal entered into earlier this month with Flagstar Bank, a unit … Read more
OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to close its competitive gaps with the United States with a budget aimed at attracting investment into the low-carbon economy, including tax breaks for electric vehicle (EV) manufacturers and expansion of the power grid. The 2023-2024 fiscal document, delivered to the House of Commons, also includes … Read more
March 28 (Reuters) – Shares of AMC Entertainment Holdings Inc (AMC.N) rose as much as 21% on Tuesday, following a report that e-commerce giant Amazon.com Inc (AMZN.O) was looking to buy the theater chain. Amazon founder Jeff Bezos has sent his investment advisers and top entertainment executives to investigate acquisition plans for AMC, entertainment industry … Read more
JOHANNESBURG, March 28 (Reuters) – China has spent $240 billion between 2008 and 2021 to bail out 22 developing countries, with the amount soaring in recent years as more people have struggled to repay loans spent on building of “Belt & Road” infrastructure, according to a study published Tuesday. Nearly 80% of bailout loans were … Read more
HONG KONG, March 28 (Reuters) – Global stocks and US bond yields rose on Tuesday, as a US regulator-backed deal by First Citizens BancShares to buy the failed Silicon Valley Bank allayed wider concerns about problems in the sector. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.3% by early morning in … Read more
Asian Fairs: Nikkei up 0.3%, S&P 500 and European futures up Eyes on Deutsche Bank, credit default swaps Deposits flow from banks to money market funds SYDNEY, March 27 (Reuters) – Asian stocks struggled on Monday as US and European stock futures rose higher on hopes authorities sought to shield stress in the global banking … Read more