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

Ukraine says Russian troops are making progress in frontline city of Bakhmut

The UN suspends the plan for the safety zone of the Zaporizhia nuclear power plant Ukraine attacks behind the frontline in Russian-occupied Melitopol March 30 (Reuters) – Russian troops have had some success in the eastern frontline town of Bakhmut, Ukrainian military officials said Wednesday evening, adding that their fighters were still holding out in … Read more

UN nuclear chief focuses on proposing security measures around Ukraine’s nuclear power plant

Military activity increased around factory: Grossi Russia occupies the largest nuclear power plant in Europe Ukraine and Russia accuse each other of shelling complex IAEA wants to avert the risk of a nuclear accident KYIV, March 29 (Reuters) – The head of the UN’s nuclear watchdog visited Ukraine’s controversial Zaporizhzhia nuclear power plant on Wednesday … 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

Zelenskiy accuses Russia of holding the Zaporizhzhia nuclear power plant hostage

Zelenskiy denounces ‘radiation blackmail’ Ukraine closes frontline city of Avdiivka to civilians Zelenskiy visits the southeastern region of Zaporizhzhia Minsk defends decision to house Russian nuclear weapons KYIV, March 28 (Reuters) – Ukraine’s president said Russian troops “held hostage” the Zaporizhzhia nuclear power plant and its safety could not be guaranteed until they left the … Read more

Stocks rise, US Treasury yields rise as bank fears ease

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

US and Japan sign trade deal on battery minerals for electric vehicles

WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing … Read more

Saudi Aramco inks $12.2 billion Chinese oil refinery, petchem complex deal

SINGAPORE, March 27 (Reuters) – Saudi Aramco (2222.SE) on Sunday signed an agreement with Chinese partners for an oil refining and petrochemical project in northeastern China expected to open in 2026 to meet growing demand from the land to fuel and chemicals. The project in the city of Panjin in Liaoning Province will be Aramco’s … Read more

Asian equities are skittish as banks face bankruptcy stress

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