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NEW YORK: Oil prices settled 1% lower on Thursday (March 23), reversing early gains after US Energy Secretary Jennifer Granholm told lawmakers that refilling the country’s Strategic Petroleum Reserve (SPR) …
Oil drops 1% as US in no rush to refill strategic reserve Read MoreGENEVA: The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown – but the size of the resulting megabank could cause domestic problems in …
UBS-Credit Suisse marriage may not lead to Swiss bliss Read More
NEW YORK: Tech consultancy Accenture announced on Thursday (March 23) it will be cutting around 19,000 jobs, or 2.5% of its workforce, spread over the next 18 months, as part …
Consulting firm Accenture says to cut 19,000 jobs over 18 months Read MoreCHICAGO: Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday, after the Federal Reserve raised the rate by 25 basis points on Wednesday and …
Gold rises following FED hikes rates Read More
NEW YORK: Citizens Financial Group Inc is working on a bid to acquire the private banking business of failed Silicon Valley Bank (SVB), two people familiar with the matter said …
Citizens Financial said to be eyeing bid for SVB’s private bank Read MoreKUALA LUMPUR: The ringgit was traded slightly lower against the US dollar in the early session today as some investors took advantage of the weaker greenback, dealers said. At 9.30 …
Ringgit slightly lower against US dollar in early session Read More
WASHINGTON: US Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to battle any crisis even as bank …
Yellen tries to assuage nervous investors as bank stocks slide Read MoreLONDON: British consumer confidence rose this month to its highest level in a year, helped by improving sentiment around the economy and despite persistent gloom over personal finances, a survey …
UK consumer mood hits one-year high, but financial gloom persists Read More
TOKYO: Japan’s manufacturing activity contracted for a fifth straight month in March as output and new orders remained under pressure, a survey showed on Friday (March 24), suggesting the economic …
Japan factory activity contracts for fifth month, core inflation slows Read MoreNEW YORK: Wall Street stocks ended higher on Thursday (March 2) as markets weighed the implications of the US central bank’s latest interest rate increase and commentary, following turmoil in …
US rally as markets digest Fed rate decision, comments Read More