Gold Could Find It Tough to Crack $2000
Gold could find it tough to break above the key psychological $2000 as risk appetite appears to be stabilizing. What’s next for the yellow metal?
Rupee Does Better than Peers, Importers Advised to Hedge
MUMBAI, March 27 Reuters The Indian rupee rose against the U.S. currency on Monday, helped by likely dollar inflows and healthier risk, traders said. The rupee last traded at 82.37 to the dollar, up from 82.48 in the previous session. The local currency held an 82.2775 to 82.4250 range. Meanwhile, other Asian currencies declined. The […]
TSX Opens Week Higher as Banking Crisis Fears Ebb
Brookfield consortium to acquire Origin Energy for 10.2 bln Brookfield Asset Management nears 3.5 bln euro deal for Data4 TSX rises 0.3 March 27 Reuters Canada39;s main stock index rose on Monday, led by the gains in banks and energy stocks, as investors turned hopeful that the turmoil in the global financial sector could be […]
Credit Agricole Launches China MA and Investment Banking Business
HONG KONG, March 27 Reuters Credit Agricole, France39;s secondbiggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit. The new unit, Credit Agricole Beijing Advisory Services, focuses on crossborder merger and acquisition, encompassing purchases, disposals and capital raising, it said in a […]
Zurich Bank Looks to Capitalise on Credit Suisses Demise
Bank expects to benefit from merger CEO Expects growth plans to be accelerated CEO Growth potential likely limited by canton ownership professor Posted record profit for 2022 ZURICH, March 27 Reuters The largest of Switzerland39;s stateowned cantonal banks expects a boost in growth from the planned merger of UBS and Credit Suisse, its chief executive has […]
Battery Maker Northvolt in Talks for over 5B in Financing
March 26 Reuters Swedish lithiumion battery producer Northvolt is in talks to secure more than 5 billion of financing to pursue its goal of becoming Europe39;s biggest battery manufacturer, the Financial Times reported on Sunday. The company is negotiating with a number of banks to raise the amount and an agreement could be reached later this year, […]
Natural Gas Price Outlook: Downside Momentum Fading with Falling Wedge in Focus
Natural gas prices continue aiming lower, but downside momentum is fading. That can at times precede a reversal as a Falling Wedge brews on the 4-hour timeframe.
German Business Morale Unfazed by Banking Turmoil
Index at 93.3 vs expected 91.0 Bank turmoil had little effect Ifo No reason for optimism analysts BERLIN, March 27 Reuters German business morale unexpectedly rose in March, adding to signs that Europe39;s largest economy is stabilizing despite recent turmoil in the banking sector, a survey showed on Monday. The Ifo institute said its business […]
UK Retailers Turn Positive on Sales Hopes after Bleak Winter
LONDON, March 27 Reuters British retailers reported their first positive sales expectations in seven months, according to a survey published by the Confederation of British Industry on Monday, adding to other recent signs of recovery in the economy. The CBI39;s CBI expected sales balance for April increased to 9 from 18 in March. Apart from […]
Barclays Raises BoE Terminal Rate Forecast to 4.5
March 27 Reuters Barclays raised its terminal rate forecast for the Bank of England39;s benchmark policy rate by a quarter point to 4.5, following the central bank39;s eleventh straight hike last week. Barclays had expected a pause from the BoE in the March meeting, but following a 25 basis points hike to 4.25, and data last week […]