By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts to bolster confidence in the financial system relieved investors, while participants also weighed the likelihood of a pause in rate hikes from the Federal Reserve this week. UBS late on Sunday agreed …
Wall St ends higher as bank contagion fears ease, Fed eyed Read More »
By Noel Randewich, Medha Singh and Ankika Biswas (Reuters) – Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader rally in bank shares driven by UBS Group’s state-backed takeover of Credit Suisse. Less than a week after large U.S. …
Credit Suisse rescue eases crisis fears, First Republic shares dive Read More »
By Tim Cocks and Anait Miridzhanian JOHANNESBURG (Reuters) -Thousands of protesters marched through South Africa’s cities on Monday, calling on President Cyril Ramaphosa to resign over the lack of jobs and electricity, as security forces guarded malls and streets to prevent any violence and looting. As of 10 p.m. (2000 GMT) more than 550 protesters …
South Africa’s EFF marches to demand Ramaphosa’s resignation Read More »
By Koh Gui Qing and Marc Jones NEW YORK/LONDON (Reuters) – Bank stocks rallied on Monday and a cross-asset scramble for safety abated, as investors heaved a tentative sigh of relief that a historic weekend rescue of financial heavyweight Credit Suisse is containing the banking crisis for now. Sunday saw the most dramatic state intervention …
Bank stocks gain as markets digest Credit Suisse rescue Read More »
By David Stanway (Reuters) -U.N. Secretary General Antonio Guterres warned that the “climate time bomb is ticking” as he urged rich nations on Monday to slash emissions sooner after a new assessment from scientists said there was little time to lose in tackling climate change. “The rate of temperature rise in the last half century …
‘Climate time bomb ticking’, emissions must urgently be cut -UN chief Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rebounded and rose over 1% on Monday after diving to their lowest levels in 15 months as the market worried that risks in the global banking sector could spark a recession that would sap fuel demand. In volatile trade, Brent crude futures for May rose 82 cents, …
Oil prices rebound after hitting lowest since 2021 on banking fears Read More »
By Hannah Lang WASHINGTON (Reuters) – The dollar slid on Monday as investors reacted to UBS’ cut-price takeover of its beleaguered rival Credit Suisse CSGN.S. UBS UBSG.S agreed to buy Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by …
Safe-haven yen rises as investors assess Credit Suisse rescue Read More »
By Seher Dareen (Reuters) – Gold prices retreated from their highest level in a year in volatile trading on Monday, as share markets and Treasury yields bounced back on central banks’ efforts to shore up confidence in the financial sector. Spot gold dipped 0.5% to $1,977.18 per ounce by 1:57 p.m. EDT (1757 GMT), after …
Gold drops from 1-year peak as banking fragility drives wild swings Read More »
By Humphrey Malalo and Ayenat Mersie NAIROBI (Reuters) -Kenyan police tear gassed the leader of the opposition on Monday and arrested senior lawmakers in his parliamentary faction, as protesters took to the streets to march against President William Ruto and the high cost of living. The convoy of Raila Odinga, who was defeated by Ruto …
Kenyan opposition politicians arrested, tear gassed during protests Read More »
By Kylie MacLellan and Amanda Ferguson LONDON/BELFAST (Reuters) -Northern Ireland’s Democratic Unionist Party on Monday said it would vote against a key element of the British government’s agreement with the European Union on post-Brexit trade rules, in a blow for British Prime Minister Rishi Sunak. But leader Jeffrey Donaldson said his party might yet be …
Northern Ireland’s DUP to vote against key part of new Brexit deal Read More »
