Nasdaq bets on best qtr since 2020, latest inflation data a boost

February PCE growth slows S&P 500 poised for second quarter in a row Indexes up: Dow 0.8%, S&P 0.9%, Nasdaq 1.3% NEW YORK, March 31 (Reuters) – The Nasdaq was set to post its biggest quarterly gain since June 2020, with US stocks moving higher on Friday as signs of cooling inflation bolstered hopes that … Read more

Exclusive: US regulator aims to sell Silicon Valley Bank, Signature Bank portfolios, sources say

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

Wall St looks higher open ahead of inflation data as bank fears fade

Weekly jobless claims are up last week Faraday Future begins production of luxury EVs Roku benefits from plans to cut 200 jobs Futures Up: Dow 0.59%, S&P 0.61%, Nasdaq 0.68% March 30 (Reuters) – US stocks were set to open higher on Thursday as banking crisis fears eased as investor attention turned to key consumer … Read more

China has committed to economic opening and reforms, Premier Li says

BOAO, China, March 30 (Reuters) – China is determined to open up the world’s second-largest economy and implement reforms that can boost growth, Premier Li Qiang said on Thursday, adding that geopolitical tensions are hampering global development. would only hinder. Li’s remarks at an international business summit in the island province of Hainan are his … Read more

Equities creep towards quarterly earnings as bank fears fade

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

Shares gain because bank support encourages investors

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

Canada boosts clean tech investment in budget to compete with US

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

Clashes as French protesters protest Macron’s pension bill

The government rejects the trade unions’ call to suspend the law Protesters angry at the bill and at Macron Transport hubs, energy sector affected by strikes PARIS/NANTES, France, March 28 (Reuters) – Black-clad groups set fire to bins and threw projectiles at police in Paris, who responded with tear gas, on the edge of a … Read more

Britain raises domestic threat level for Northern Ireland to ‘severe’

Level changed due to attacks on police officers Northern Ireland is hosting the 25th anniversary of the peace agreement The level was lowered last year for the first time in ten years LONDON, March 28 (Reuters) – Britain’s MI5 intelligence agency has raised the threat level in Northern Ireland from domestic terrorism to “severe”, meaning … Read more

Research shows that China has spent $240 billion on bailing out Belt & Road countries

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