Stocks Extend Bounce, Bonds Drop as Calm Returns: Markets Wrap
Stocks in Europe rallied and US equity futures pointed to a stronger open for Wall Street as regulators’ assurances on the banking industry helped restore investor confidence.
Stocks in Europe rallied and US equity futures pointed to a stronger open for Wall Street as regulators’ assurances on the banking industry helped restore investor confidence.
Taiwan confirmed that President Tsai Ing-wen will transit through the US, with Biden administration officials warning Beijing not to overreact to the visit.
Both inflation and underlying price pressures eased broadly in line with forecasts, bolstering the Bank of Canada’s case for holding interest rates steady despite healthy job gains.
One of Credit Suisse Group AG’s biggest shareholder groups says the rushed merger of its bank with UBS Group AG over the weekend is an unprecedented breach of shareholder rights that may scare off institutional investors.
The Netherlands asked government officials to immediately stop using TikTok and similar apps on their mobile work devices amid fears of security violations.
Hindustan Zinc Ltd. will pay 109.9 billion rupees ($1.3 billion) to its shareholders, a fourth dividend this year, which will help billionaire Anil Agarwal meet debt obligations at the parent company.
Turks overwhelmingly favor a ban on home sales to foreigners, a view that straddles the country’s political divide and echoes the backlash against a deluge of buyers in countries from Canada to Portugal.
The European Union offered a roadmap on how cars running on e-fuels could be considered carbon neutral in a bid to convince Germany to stop blocking the EU’s combustion engine ban — but stopped short of Berlin’s request to propose additional legislation.
US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.
Japanese Prime Minister Fumio Kishida traveled to Ukraine for talks with President Volodymyr Zelenskiy, becoming the final Group of Seven leader to visit the country since Russia launched its invasion over a year ago.