International News
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Eurozone trade narrows in January on weaker imports
Monday 20 Mar 2023
(Sharecast News) - The single currency bloc's shortfall on trade in goods with the rest of the world narrowed at the start of 2023, but only because imports fell more quickly than exports. Read More
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Asia report: Markets fall as investors digest Credit Suisse rescue
Monday 20 Mar 2023
(Sharecast News) - Markets across the Asia-Pacific region dipped into negative territory on Monday as investors reacted to the news of Swiss banking giant UBS' $3.25bn acquisition of its struggling ri... Read More
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US pre-open: Futures slightly lower as banks remain in focus
Monday 20 Mar 2023
(Sharecast News) - Wall Street futures had stocks opening slightly lower ahead of the bell on Monday as fears surrounding the current state of the global banking system remained firmly in focus. Read More
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PBoC maintains loan prime rates as expected
Monday 20 Mar 2023
(Sharecast News) - The People's Bank of China announced on Monday that it will maintain current loan prime rates (LPR) for both one- and five-year loans, following a 0.25 percentage point cut in the r... Read More
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UBS agrees to acquire Credit Suisse for $3.25bn
Monday 20 Mar 2023
(Sharecast News) - UBS agreed to acquire rival lender Credit Suisse for approximately $3.25bn in an all-share transaction. Read More
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Goldman preparing claims trading for wiped-out Credit Suisse debt - report
Monday 20 Mar 2023
(Sharecast News) - Goldman Sachs traders are reportedly preparing to take bids on claims against Credit Suisse's riskiest bonds after the takeover of the Swiss lender by UBS wiped out about CHF16bn ($... Read More
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Holders of $17bn in Credit Suisse bonds wiped out in UBS deal
Monday 20 Mar 2023
(Sharecast News) - UBS shares tumbled on Monday after it agreed to buy rival Credit Suisse for 3 billion Swiss francs ($3.25bn), in a deal that wipes out $17bn of bonds. Read More
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S&P cuts rating on First Republic Bank's debt again
Sunday 19 Mar 2023
(Sharecast News) - S&P Global cut its long-term credit rating for First Republic Bank's debt for the second time in under a week. Read More
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UBS asks Swiss authorities for backstop in case of Credit Suisse acquisition
Saturday 18 Mar 2023
(Sharecast News) - UBS Group asked Swiss authorities for a backstop against future risks in case it acquired troubled rival Credit Suisse. Read More
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Europe close: Stocks slip amid ongoing jitters around lenders
Friday 17 Mar 2023
(Sharecast News) - Shares in Europe gave back part of the prior day's bounce going into the weekend amid ongoing jitters around banks and as investors continued to closely monitor developments in the ... Read More
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US open: Dow Jones turns negative for the week
Friday 17 Mar 2023
(Sharecast News) - Wall Street stocks headed south at the start of trading on Friday as the financial sector continued to weigh on markets. Read More
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Consumer confidence and inflation expectations decline in March, University of Michigan says
Friday 17 Mar 2023
(Sharecast News) - Americans grew more pessimistic in early March amid persistently high prices, the results of a closely followed survey revealed. Read More
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US industrial production flatlines in February
Friday 17 Mar 2023
(Sharecast News) - US industrial output flatlined last month with weakness centred in the mining sector. Read More
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SVB Financial files for Chapter 11 bankruptcy protection
Friday 17 Mar 2023
(Sharecast News) - SVB Financial Group - the parent company of collapsed Silicon Valley Bank - has filed for Chapter 11 bankruptcy protection in the US. Read More
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Asia report: Stocks rise as confidence returns to financial sector
Friday 17 Mar 2023
(Sharecast News) - Stock markets in Asia ended higher on Friday, driven by positive sentiment in the banking sector following developments on Wall Street. Read More
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US pre-open: Futures mixed as banks remain in focus
Friday 17 Mar 2023
(Sharecast News) - Wall Street futures were pointing to a mixed session prior to the start of trading on Friday as the financial sector continued to weigh on markets. Read More
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China's central bank trims reserve ratio earlier than expected
Friday 17 Mar 2023
(Sharecast News) - China's central bank, the People's Bank of China, announced on Friday that it will be cutting the reserve requirement ratio (RRR) for all banks, except those with a 5% ratio, by 25-... Read More
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Eurozone inflation eases as expected in February
Friday 17 Mar 2023
(Sharecast News) - Annual inflation in the eurozone eased in February but core inflation continued to rise, according to data released on Friday by Eurostat. Read More
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US close: Stocks pop as banks swoop to save First Republic
Friday 17 Mar 2023
(Sharecast News) - Wall Street ended on a high note on Thursday, as major banks deposited a combined $30bn with troubled lender First Republic Bank. Read More
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Eleven lenders deposit $30bn in First Republic Bank
Thursday 16 Mar 2023
(Sharecast News) - Eleven US lenders deposited $30bn with First Republic Bank in a show of support for the lender. Read More
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