Oil prices dropped to their lowest in 15 months on Monday, driven down by concern that risks in the global banking sector and a potential increase to U.S. interest rates […]
Category: Uncategorized
North Korea’s Kim Jong Un calls for nuclear attack preparedness on US, South Korea
North Korean leader Kim Jong Un has called on his country to be ready to launch a nuclear attack to deter war as he accused the U.S. and South Korea of carrying […]
U.S. Consumer Sentiment Unexpectedly Drops In March, Inflation Expectations Dip
Consumer sentiment in the U.S. fell for the first time in four months in March, according to a preliminary report released by the University of Michigan on Friday.The report said […]
Jammu and Kashmir: India’s first big lithium find boosts electric car hopes
India has announced its first significant discovery of reserves of lithium, a rare element crucial for manufacturing electric vehicles.The government said on Thursday that 5.9m tonnes of the element had […]
UBS reaches agreement to buy Credit Suisse after upping offer: report
The Swiss government is reportedly set to announce a deal Sunday that will allow UBS, the largest bank in Switzerland, to buy its beleaguered rival, Credit Suisse, for $2 billion, according […]
SVB: Lessons from a bank run
A century ago, when a place not yet called Silicon Valley was mostly known for its abundant fruit orchards, the economist Alfred Marshall wrote as good a description as you’ll […]
Economic Calendar: Mar 20 – Mar 24
Monday, March 20Germany producer price index for February; UK housing prices830 am ET: Canadian new motor vehicle sales for January. They are expected to be up 8.5% year over year.Earnings […]
Gold sparkles in tumultuous week for markets
PUBLISHED FRI, MAR 17 Gold prices surged Friday as a wave of banking crises shook markets in bullion’s biggest weekly rise in four months, while bets solidified for a less aggressive […]
Europe stocks log worst week of the year as Credit Suisse rattles sentiment
European stocks rounded off a turbulent week with a negative session on Friday, despite announcements that Credit Suisse and First Republic Bank would receive financial help designed to prevent a […]