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China Central Bank Cuts RRR By 25 Bps To Support Economic Recovery

The People's Bank of China cut the reserve requirement ratio for banks by 25 basis points on Friday for the first time this year to support the nascent economic recovery and to ensure reasonable and sufficient liquidity in the banking system. The RRR represents the amount of cash that banks must hold as reserves.
RTTNews | 871 gün önce
Eurozone Record High Core Inflation Confirmed; Labor Costs Rise Faster

Eurozone Record High Core Inflation Confirmed; Labor Costs Rise Faster

Eurozone harmonized prices logged a slower increase in February, while core inflation accelerated to a record as estimated initially. The underlying inflation is likely to remain sticky with wage growth gaining strength towards the end of 2022. The harmonized index of consumer prices, or HICP, increased 8.5 percent on a yearly basis. That was slightly slower than the 8.6 percent gain in January
RTTNews | 871 gün önce
First Republic Bank Secures $30 Bln Rescue Fund From Major US Banks

First Republic Bank Secures $30 Bln Rescue Fund From Major US Banks

First Republic Bank, the latest casualty in the ongoing banking turmoil, said it has secured around $30 billion funding from America's 11 largest banks as a lifeline, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Following the news, the bank's stock, which has been sinking since last week, gained around 10% on Thursday from the previous day's close.
RTTNews | 871 gün önce
Sensex, Nifty End Notably Higher On Firm Global Cues

Sensex, Nifty End Notably Higher On Firm Global Cues

Indian shares rose notably on Friday to extend gains from the previous session, as worries about a crisis in the U.S. and European banking sector eased and investors looked forward to a smaller rate hike from the Federal Reserve next week.
RTTNews | 871 gün önce
U.S. Dollar Falls As Bank Worries Recede

U.S. Dollar Falls As Bank Worries Recede

The U.S. dollar declined against its major counterparts in the early European session on Friday amid risk appetite, as concerns over a global banking crisis eased following multi-billion-dollar lifelines for troubled U.S. and European banks.
RTTNews | 871 gün önce
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European Shares Extend Gains As Bank Worries Ebb

European Shares Extend Gains As Bank Worries Ebb

European shares rose on Friday to extend gains from the previous session as multi-billion-dollar lifelines for troubled U.S. and European banks helped calm investor fears around potential contagion.
RTTNews | 871 gün önce
Commodity Currencies Rise Amid Risk Appetite

Commodity Currencies Rise Amid Risk Appetite

Commodity currencies such as the Australian, New Zealand and the Canadian dollars strengthened against their major rivals in the Asian session on Friday, as stocks rebounded from recent losses with risk sentiment improving after First Republic Bank and Credit Suisse secured a lifeline, which helped ease recent concerns about turmoil in the banking sector.
RTTNews | 872 gün önce

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