By Shashwat Chauhan (Reuters) -Canada’s main stock index fell on Friday, dragged down by losses in financials as fears of a global banking meltdown continued to worry investors, while lower oil prices weighed on energy stocks. At 10:24 a.m. ET (1424 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 197.19 points, or 1.01%,…
By Amanda Cooper LONDON (Reuters) -The dollar slipped on Friday after top U.S. power brokers including the government and banks threw a lifeline to struggling regional lender First Republic Bank, which returned some confidence to investors. The rescue of First Republic on Thursday boosted risk appetite globally on Friday as concerns about global banks eased,…
(Reuters) – European Central Bank supervisors see no contagion for euro zone banks from recent turmoil, a source said on Friday, after U.S. lenders threw First Republic Bank a $30 billion lifeline and tapped record amounts from the Federal Reserve. Large U.S. banks injected the funds into the San Francisco-based bank on Thursday, swooping in…
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft Corp has offered remedies in an attempt to gain EU antitrust approval for its $69 billion acquisition of Activision, a European Commission filing showed on Friday. The EU competition enforcer, which did not provide details in line with its policy, will now seek feedback from rivals and…
By Balazs Koranyi, Pete Schroeder and Tom Westbrook (Reuters) – European Central Bank supervisors met to tackle growing cracks in the banking system on Friday after a $30 billion lifeline for U.S. lender First Republic Bank eased fears of its imminent collapse. Large U.S. banks on Thursday swooped in to rescue the San Francisco-based bank,…
ZURICH (Reuters) – Credit Suisse shares traded 1.8% higher on the Swiss stock exchange on Friday before the highly volatile stock later gave back some of its gains. The stock, which plunged to 1.55 Swiss francs on Wednesday, rose to 2.087 francs from Thursday’s closing price of 2.022 francs. It later gave back the gains…
By Florence Tan and Trixie Sher Li Yap SINGAPORE (Reuters) – Oil prices firmed on Friday after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations, but were headed for their biggest weekly falls since December as a banking crisis rocked global financial and oil markets. Brent crude futures firmed…
By Pete Schroeder, Tom Westbrook and Scott Murdoch (Reuters) – A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S. lender’s shares showed investors were still worried about cracks in the sector. Large U.S. banks injected the funds…
By Tatiana Bautzer NEW YORK (Reuters) – Former JPMorgan Chase & Co. executive Jes Staley is expected to be deposed next Thursday and Friday about his relationship with Jeffrey Epstein and what he knew about his former client’s activities related to sex-trafficking. Lawyers for the bank said during a hearing on Thursday they would depose…
SYDNEY (Reuters) -New Zealand will ban TikTok on devices with access to the parliamentary network because of cybersecurity concerns, a government official said on Friday. TikTok will be banned on all devices with access to New Zealand’s parliamentary network by the end of March, said Parliamentary Service Chief Executive Rafael Gonzalez-Montero. TikTok has come under…
