HK

Stocks rise, US Treasury yields rise as bank fears ease

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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

Alibaba founder Jack Ma returns to China, ending a year abroad -SCMP

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BEIJING, March 27 (Reuters) – The founder of Alibaba (9988.HK), Jack Ma, has returned to China, the South China Morning Post (SCMP) reported Monday. the sober mood of China’s private companies. Ma, one of China’s best-known entrepreneurs, left mainland China in late 2021 and has been seen in photos in Japan, Australia and Thailand in … Read more

Asian equities are skittish as banks face bankruptcy stress

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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

Analysis: The collapse of Credit Suisse threatens the Swiss crown on asset management

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ZURICH, March 22 (Reuters) – The fall of Credit Suisse (CSGN.S) has seriously damaged Switzerland’s credibility as the world’s leading wealth management center, experts warn, damaging Switzerland’s reputation for stability, regulation and corporate governance is questioned. Plagued by years of scandals and losses, Credit Suisse had been battling a crisis of confidence for months before … Read more

The quest for safety is easing as markets process Credit Suisse’s bailout

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Credit Suisse plunges more than 60% after an emergency takeover over the weekend European Banks Backtrack Some Ground After Initial 5% Drop Treasury bonds and gold rise as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European banking stocks fought back from an early slump on Monday … Read more

Asian markets are oozing with banking turmoil to end a tumultuous week

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Asian Stock Markets: The ECB delivered a 50 basis point hike as promised, dropped forecasts Credit Suisse shares rallied 20% after support from the SNB First Republic Bank Gets $30 Billion Injection, Concerns Remain Fed data showed banks were looking for record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally … Read more