Forex News

By John Revill ZURICH (Reuters) – Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in state and central bank support, a third of the country’s gross domestic product, as part of their merger to buffer Switzerland against global financial

By John O’Donnell and Stefania Spezzati

FRANKFURT (Reuters) – A Swiss orchestrated rescue of Credit Suisse by rival UBS has failed to calm nerves as investors worry which banks could be next in line.

FRANKFURT (Reuters) – Global banks borrowed only token amounts on Monday via an enhanced, seven-day dollar swap unveiled by the U.S. Federal Reserve late on Sunday to ease funding stress in global markets.

BRUSSELS (Reuters) – The euro zone trade deficit was little changed in January from a year earlier, with sharply higher cost of energy imports outweighing a pick-up of manufactured goods exports, data showed on Monday.

A look at the day ahead in U.S. and global markets from Mike Dolan

MANILA (Reuters) – Philippine Finance Secretary Benjamin Diokno said on Monday the central bank could decide to either hike the key interest rate by 25 basis points (bps) or keep policy settings unchanged at its next meeting on Thursday amid uncertainties.     Diokno,

By Georgina Lee HONG KONG (Reuters) – Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to digital assets.

LONDON/ZURICH (Reuters) – Shares in Credit Suisse dropped 61.95% in premarket trading in Zurich on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.

LONDON (Reuters) – A market-based indicator of stress in the U.S. banking system jumped on Monday to its highest in three months, as turmoil engulfed regional lenders following the collapse of Silicon Valley Bank.

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s banking system is stable and the country will not see a contagion from U.S. and European banking sector woes, Chief Cabinet Secretary Hirokazu Matsuno said on Monday.

A look at the day ahead in European and global markets from Wayne Cole

UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday.

By Dhara Ranasinghe and Amanda Cooper LONDON (Reuters) – Financial markets are poised for relief on Monday after UBS Group AG agreed to buy Credit Suisse Group AG in a rescue orchestrated by the state and major central banks announced a co-ordinated move to shore up

FRANKFURT (Reuters) – The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde said on Sunday, adding that the Swiss-brokered rescue of Credit Suisse was “instrumental” for restoring calm to the markets.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever.

(Reuters) – Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close.

By Emilie Madi and Mohamed Azakir BEIRUT (Reuters) – When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiralling costs of goods now priced at volatile exchange rates

By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) – The Bank of Mexico’s governor Victoria Rodriguez said on Friday that February inflation data is good news, underscoring that there is more upcoming data that will need to be considered before the bank’s next monetary policy

By Pete Schroeder and Scott Murdoch (Reuters) – Multi-billion dollar lifelines for troubled U.S. and European banks shored up investor confidence on Friday and bolstered sentiment in battered stocks, although concerns now centre on whether a global financial crisis has been fully averted.