Forex News

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

SINGAPORE (Reuters) – Asian stocks tumbled on Thursday, and investors bought gold, bonds and the dollar as fear of a banking crisis was reignited by fresh troubles at Credit Suisse, leaving markets on edge ahead of a European Central Bank meeting later in the day.

By Selena Li and Elisa Martinuzzi (Reuters) – Credit Suisse Group AG’s average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March 14, despite the global banking crisis, the Swiss lender said on

By Rae Wee SINGAPORE (Reuters) – Safe haven currencies like the U.S. dollar and the yen were in bid on Thursday on renewed fears of a global banking crisis, after contagion from the implosion of U.S.-based Silicon Valley Bank had spread across the Atlantic to Swiss

(Reuters) – Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company’s new management said.

LAGOS (Reuters) – Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, a spokesperson for the global airlines industry association said on Thursday.

FRANKFURT (Reuters) – German Chancellor Olaf Scholz sought to assuage fears that the collapse of Silicon Valley Bank and problems at Credit Suisse might trigger a new financial crisis, saying a more resilient banking system and stronger economy ensured savings were safe.

FRANKFURT (Reuters) – European Central Bank policymakers only agreed on another major increase in interest rates on Thursday after Credit Suisse secured a lifeline from the Swiss central bank and financial markets stabilised, three sources told Reuters.

LONDON (Reuters) – The European Central Bank on Thursday stuck with plans for a big interest rate increase, keeping up the pace of its monetary tightening to contain inflation even as markets wobble.

(Reuters) – The European Central Bank pushed through another big increase in interest rates on Thursday, sticking to its inflation fight despite turmoil in financial markets that has raised fears about a global banking crisis.

FRANKFURT (Reuters) – The European Central Bank pushed through another big increase in interest rates on Thursday, sticking to its inflation fight despite turmoil in financial markets that has raised fears about a global banking crisis.

FRANKFURT (Reuters) – German corporate treasuers were urged by an industry association on Thursday not to “underestimate the current situation” as cracks in the global banking system emerge.

By Patrick Werr and Aidan Lewis CAIRO (Reuters) – Egypt has promised the International Monetary Fund it will roll back the state’s involvement in the economy and allow private companies a much greater role, yet several recent moves show it continuing to expand its holdings and

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

WARSAW (Reuters) – Conditions will not be right for cutting interest rates in Poland until the end of 2025, central banker Ludwik Kotecki said on Thursday, as market participants speculated on when the cost of credit in emerging Europe’s largest economy could start to fall.

By Stefania Spezzati and John O’Donnell

By Simon Johnson STOCKHOLM (Reuters) – For years, Sweden has been warned that its dysfunctional housing market, plagued by under-supply and kept aloft by low rates and generous tax benefits, was a risk to the wider economy.

A look at the day ahead in European and global markets from Tom Westbrook

Economic data from Australia impressed today, with a sharp rise in full employment bringing the Australian unemployment rate down to 3.5%.

SINGAPORE (Reuters) – Credit Suisse said on Thursday it was taking “decisive action” to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.