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Forex News
UBS Rehires Sergio Ermotti As Its CEO To Oversee Credit Suisse Merger
UBS Group AG has called back its former Chief Executive Officer Sergio Ermotti to lead the Swiss banking giant amid the new challenges and priorities it faces following its planned acquisition of troubled domestic rival Credit Suisse Group AG. Following the news, UBS shares were gaining more than 2 percent in Swiss trading as well as in pre-market activity on the NYSE.
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884 days ago
Asian Shares Mixed In Cautious Trade
Asian stocks ended Wednesday's session on a mixed note as rising Treasury yields offset easing concerns over the banking sector.
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884 days ago
Australia Inflation Moderates In February
Australia's consumer price inflation moderated to an eight-month low in February adding weight to the expectations that the Reserve Bank will pause its interest rate hike next week. Consumer prices grew at a slower pace of 6.8 percent after a 7.4 percent gain in January, the Australian Bureau of Statistics reported Wednesday.
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884 days ago
NZ Dollar Strengthens As Most Asian Stock Markets Rise
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, as Asian stocks improved across most sectors, led by commodity-linked stocks amid a spike in commodity prices.
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884 days ago
European Shares Likely To Open On Steady Note
European stocks are likely to open higher on Wednesday after regulators blamed the role of social media and Silicon Valley Bank management for its collapse and insisted the collapse was not so much a failure of regulation.
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884 days ago
European Economic News Preview: Germany GfK Consumer Confidence Due
Consumer sentiment survey results from Germany and France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Germany's market research group GfK is scheduled to issue consumer confidence survey results for April. The consumer sentiment index is forecast to rise to -29.2 from -30.5 in March.
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884 days ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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884 days ago
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Sensex, Nifty Open Higher In Cautious Trade; Adani Group Stocks Rebound
Indian shares opened a tad higher on Wednesday, tracking mixed cues from global markets.
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884 days ago
NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
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884 days ago
Asian Markets Mostly Higher Amid Cautious Trades
Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as the mood was cautious with traders awaiting further updates on the health of the banking sector, and looking ahead to some crucial economic data for direction. Commodity-linked stocks were the major gainers amid a spike in commodity prices.
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884 days ago
Japanese Market Notably Higher
The Japanese stock market is notably higher on Wednesday, extending the gains in the previous two sessions, with the Nikkei 225 moving above the 27,600 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors, led by commodity-linked stocks amid a spite in commodity prices.
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884 days ago
Sensex, Nifty May See Muted Opening Ahead Of F&O Expiry
Indian shares are seen opening on a flat note Wednesday, tracking mixed global cues and ahead of a market holiday Thursday on account of Sri Ram Navami. Volatility is not ruled out ahead of F&O expiry.
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884 days ago
Win Streak May End For Thai Stock Market
The Thai stock market has tracked higher in consecutive trading days, advancing more than 15 points or 1 percent along the way. The Stock Exchange of Thailand now rests just above the 1,605-point plateau although it may be stuck in neutral on Wednesday.
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884 days ago
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