By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate. All three major U.S. …
Wall Street ends green on bank bounce as Fed takes focus Read More »
(Reuters) – Xi Jinping and Vladimir Putin emerged from two days of talks on Tuesday with warm words of friendship between China and Russia and joint criticism of the West, but no sign of a diplomatic breakthrough over Ukraine. Xi’s visit to Moscow – long touted by the Kremlin as a show of support from …
Putin, Xi pledge friendship but talks yield no Ukraine breakthrough Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria’s two main opposition leaders on Tuesday filed petitions seeking to cancel results from last month’s disputed presidential election, court papers showed, to begin what could be a legal battle lasting several months. There have been numerous legal challenges to the outcome of previous Nigerian presidential elections but none has …
Nigeria’s Obi, Atiku challenge presidential election results Read More »
By Gareth Jones (Reuters) -Russian President Vladimir Putin said after talks with Chinese leader Xi Jinping on Tuesday that Chinese proposals could be used as the basis of a peace settlement in Ukraine, but that the West and Kyiv were not yet ready. In a joint statement at the end of Xi’s state visit to …
Putin says Chinese proposal could be basis for peace in Ukraine Read More »
By Lisa Pauline Mattackal and Medha Singh (Reuters) – As crisis stalks the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The infamously volatile cryptocurrency seems positively hale and hearty, just as a banking meltdown drives markets into the arms of a recession. Â Â Â Bitcoin has risen 21% this …
Cryptoverse: Bitcoin passes the bank stress test Read More »
By Koh Gui Qing NEW YORK (Reuters) -Global shares leapt on Tuesday after the rescue of Credit Suisse stemmed a rout in equities and whetted risk appetite, although financial system uncertainties limited buying as investors awaited the outcome of a Federal Reserve meeting. The Fed began a two-day meeting earlier on Tuesday and, after a …
Shares jump but investor fears about bank ‘whack-a-mole’ linger Read More »
By David French, Nupur Anand and Lananh Nguyen (Reuters) – Shares of U.S. regional lenders including battered First Republic Bank surged on Tuesday as fears of a wider banking crisis abated and investors turned their focus to the U.S. Federal Reserve’s next move. The Fed’s relentless rate hikes to rein in inflation have been partly …
First Republic leads surge in bank stocks as Fed comes into focus Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bankers on Tuesday that she is prepared to intervene to protect depositors in smaller U.S. banks suffering deposit runs that threaten more contagion amid the worst financial system turmoil in more than a decade. In a speech aimed at calming nerves rattled by two …
Yellen vows to safeguard deposits at smaller U.S. banks, intervene if needed Read More »
By Andrea Shalal WASHINGTON (Reuters) -The U.S. Treasury is continuing to monitor the health of mid-sized and regional banks and is considering what steps can be taken to further strengthen the country’s financial stability, Deputy Treasury Secretary Wally Adeyemo said on Tuesday. Adeyemo said “decisive action” taken by the Treasury, Federal Reserve and the Federal …
US Treasury looks to strengthen financial stability; big focus on smaller banks Read More »
By Hannah Lang WASHINGTON (Reuters) – The dollar pared earlier losses and sterling fell on Tuesday as traders reckoned banking stress could keep the Federal Reserve and the Bank of England from hiking interest rates much further, or at all, later in the week. Investors’ focus has moved to a slew of central bank meetings …
Dollar holds its breath as market awaits Fed policy decision Read More »
