By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. Brent crude futures settled down $2.01, or 2.4%, to $80.77. The global benchmark …
Oil prices fall 2% in choppy trade as banking fears rattle markets Read More »
By Tarek Amara TUNIS (Reuters) -Tunisia’s new parliament on Monday elected its speaker in its first session, but the main opposition coalition said it would not recognise its legitimacy after an election with a turnout of just 11%. President Kais Saied shut down the previous elected parliament in July 2021, ruling by decree in a …
New Tunisian parliament elects its speaker in its first session Read More »
By Bharat Gautam (Reuters) – Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. Federal Reserve would have to slam the brakes on its aggressive monetary policy. The U.S. dollar and Treasury yields extended …
Gold, silver soar as SVB collapse spurs flight to safety Read More »
LIBREVILLE (Reuters) – Gabonese authorities were searching on Monday for 31 people still missing after a ferry sank last week just off the coast of the central African country, killing six people. The Esther Miracle ferry was carrying 161 passengers from Libreville to Port-Gentil when it sank on March 9 close to the coastal village …
Gabon rescuers search for 31 people missing after ferry sinks Read More »
JOHANNESBURG (Reuters) -The South African rand firmed on Monday as the dollar fell sharply on expectations that the largest U.S. bank failure since the 2008 financial crisis would prompt the Federal Reserve to slow the pace of its interest rate hikes. At 1531 GMT, the rand traded at 18.1850 against the dollar, about 0.8% firmer …
South African rand strengthens as markets bet on less-hawkish Fed stance Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge funds ended last week positioned to scoop up winning profits from bearish positions on bank stock falls, according to a note by Goldman Sachs sent to clients late on Sunday. They sold financially themed shares and banks for nine straight weeks but rather than only exiting long positions, …
Hedge funds stand to lap up bearish profits from bank stock rout Read More »
BENI, Democratic Republic of Congo (Reuters) -Suspected Islamist militants killed at least 19 people and burned a medical facility in a raid on a village in eastern Democratic Republic of Congo early on Sunday morning, two regional officials and a resident said. The attack, which occurred around 1 a.m. (2300 GMT) in the village of …
Suspected Islamist militants kill 19 in another village raid in east Congo Read More »
By Anthony Deutsch and Pavel Polityuk AMSTERSDAM/KYIV (Reuters) -The International Criminal Court is planning to seek the arrest of Russian officials for forcibly deporting children from Ukraine and targeting civilian infrastructure, a source said on Monday, in what would be the first international war crimes cases arising from Moscow’s invasion. The source said the arrest …
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden declared the US banking system “safe” and vowed stiffer bank regulation, after U.S. regulators were forced to step in with a series of emergency measures after Silicon Valley Bank and Signature Bank collapse, threatening to trigger a broader crisis. “Americans can have confidence that the banking system …
Biden vows new bank rules after SVB collapse, cites Trump rollback Read More »
(This March 10 story has been corrected to say ‘violations’, not ‘valuations’, in paragraph 6) By Rodrigo Campos, Davide Barbuscia and Isla Binnie NEW YORK (Reuters) – MSCI ESG Research said on Friday it recently changed some of its environmental, social and governance assessments of Adani Group entities, after the Indian conglomerate was caught up …
MSCI ESG raters flag governance risks at embattled Adani Group Read More »
