Short sellers may pocket $2.3 billion from U.S. bank rout over last three days -S3 Partners
(Reuters) – Short sellers may have raked in $2.29 billion in profit in the past three sessions, as they took…
2023
US Retail Sales Fall In February; January Revised Higher
WASHINGTON (Reuters) – U.S. retail sales fell in February as purchases of motor vehicle purchases and other goods slumped, payback…
How SVB Financial Group Imploded In Two Days
(Reuters) -The swift downfall of SVB Financial Group, the biggest collapse of a bank since Washington Mutual in 2008, has…
ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers are leaning towards a half-percentage-point rate hike on…
Uneasy Calm Descends After SVB-triggered Turmoil
By Dhara Ranasinghe LONDON (Reuters) – An uneasy calm descended on world markets on Wednesday, with efforts by regulators and…
H&M Slips Out Of Fashion As First-quarter Sales Lag
STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, reported on Wednesday a smaller-than-expected increase in sales over the period December…
BMW Promises Stable Prices, Raises Margin Forecast For 2023
BERLIN (Reuters) -BMW forecast on Wednesday an 8% to 10% margin for its autos segment in 2023, up from last…
Dollar Finds Footing As SVB Fears Calm Down
By Tom Westbrook SINGAPORE (Reuters) – The dollar was attempting to steady in Asia on Wednesday, as investors dialled back…
Marketmind: Pride And Prudence Expected In UK Budget
A look at the day ahead in European and global markets from Ankur Banerjee The relief rally in the market…
China’s Jan-Feb Property Investment Falls At Slower Pace
BEIJING (Reuters) – China’s property investment fell at a slower pace over the first two months of 2023, official data…