Silicon Valley Bank deal soothes broader markets, but default stress haunts banks
Large portions of Silicon Valley Bank’s deposits and loans found buyers on Monday, which helped stabilise the shaky markets that…
US Market
Read More
Timeline: How the 2023 banking crisis unfolded
As two US lenders failed, Credit Suisse in Switzerland requested a government lifeline, and America’s top banks agreed to give…
Fed’s Kashkari: Banking stress brings US closer to recession
WASHINGTON: Neel Kashkari, president of the Minneapolis Fed, said in remarks to the CBS broadcast Face the Nation on Sunday…
First Citizens buys Silicon Valley Bank
First Citizens BancShares Inc. has agreed to purchase Silicon Valley Bank, which was taken over by authorities after a run…
Gold Price Forecast: XAU/USD teases sellers amid sluggish yields, Federal Reserve’s favorite inflation eyed
The price of gold (XAU/USD) fluctuates between $1,975 and $1,977 while remaining within a symmetrical triangle that has been in…
AUD/USD Price Analysis: Rising wedge confirmation teases bears below 0.6680 previous support
After a turbulent week, buyers of the AUD/USD struggle to maintain control around 0.6650 during Monday’s lacklustre trading session. The…
Wall Street ends higher, marking 2nd winning week in a row
IN NEW YORK: Stocks on Friday rose after a late-afternoon Wall Street turnaround as the market recovered from a sluggish…
How US air strike in Syria may impact Indian stock market next week
On Friday, the Indian stock market started off lower but quickly reversed course and went positive thanks to strong advances…
Gold Price Forecast: XAU/USD back under pressure as markets correct its rate cut expectations – Commerzbank
After the Fed meeting, gold’s price went back up to $2,000. Economists at Commerzbank think that the price of gold…
EUR/USD stabilizes above 1.0750, looks to post modest weekly gains
Following the sharp decline witnessed in the European session, EUR/USD has managed to recover modestly and seems to have stabilized…