GOVERNMENT bonds across the eurozone rallied on Friday (Mar 10), winning a reprieve from rate-rise expectations for now as a sell-off in US bank stocks boosted demand for safe-haven assets.
SVB Financial Group shares sank as much as 47 per cent on Friday (Mar 10) as prominent venture capitalists recommended companies withdraw their money from the lender, sparking further worries over its financial health and liquidity in the wider banking sector.
THE startup world was thrown into chaos on Thursday (Mar 9) when a lender little-known outside of Silicon Valley sparked a wave of panic in tech circles that dragged down banking shares around the world.
SHARES of Europe’s biggest banks tumbled on Friday (Mar 10), after trouble at a regional US lender sparked a Wall Street rout on the sector in the US.
OCBC and UOB’s Central Provident Fund Investment Account (CPFIA) customers using their ordinary account (OA) savings will soon be able to buy Treasury bills (T-bills) online.
THE Bank of England (BOE) plans to cut spending on climate change work and redirect the money to core functions because of rising pressures on its costs.
BITCOIN is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating US regulatory crackdown on crypto combine to hurt investor sentiment.
THE Australian and New Zealand dollars rebounded against a retreating yen on Friday after the Bank of Japan (BOJ), headed at a policy meeting for the last time by outgoing Governor Haruhiko Kuroda, stuck to its super-easy economic stimulus.
THE Bank of Japan (BOJ) maintained ultra-low interest rates on Friday and held off making changes to its controversial bond yield control policy, leaving options open ahead of a leadership transition in April.
JAPAN’S parliament on Friday approved economics professor Kazuo Ueda as the central bank’s next governor, after a decade of monetary easing by outgoing chief Haruhiko Kuroda.











