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Analysis-Safe-havens and risk assets both rise as banking woes shift Fed expectations
Worries over the banking crisis are boosting disparate assets, with traditional safe-havens such as gold, Treasuries and money markets seeing high demand along with more speculative instruments such as tech stocks and bitcoin. The unusual cross-currents come as the financial distress that started earlier this month with the collapse of California's Silicon Valley Bank has spread to Europe, with investors on edge about the health of the financial system even after UBS Group agreed to buy ailing Credit Suisse in a state-backed takeover and major central banks took steps to reassure markets. The troubles in the financial sector have sparked rapid repositioning in asset markets, as investors bet the Federal Reserve and other central banks will have to slow interest rate hikes in order to avoid hurting the economy as the banking woes threaten to slow growth.
Health Food Symmetry has formed a strategic alignment with Sunrise Health & Wellness launching new products at the 2023 Australian Pharmacy Professional Conference & Trade Exhibition (Gold Coast, March 23 - 26)
Health Food Symmetry (HFS) and Sunrise Health and Wellness (Sunrise) are excited to announce the strategic alignment that will see the two organisations join forces to help accelerate the brand development of the incredible PhytoBiome® ingredient & KFibre® gut health product range.
China's Xi visits 'friendly neighbor' in Moscow; Russia cites 'monstrous consequences' of Putin arrest warrant: Ukraine updates
Chinese leader Xi Jinping 's visit comes as Putin faces pressure from sanctions and from an arrest warrant by the International Criminal Court.
Syria's war shattered their lives, Turkey's quake crushed their hopes
After surviving a chemical attack in Syria, Douaa Idris, her husband and two children fled across the border to southern Turkey where they painstakingly rebuilt their lives as refugees. "We were born again," said Idris, 32, who put down roots in the city of Gaziantep alongside 450,000 Syrians escaping the conflict that has ravaged their homeland. Two massive earthquakes shattered the fragile existence of Syria's diaspora in Turkey and left many in despair about having to piece their lives together yet again, somehow, somewhere.
Zhao Weiguo: Chinese regulator accuses chip tycoon of corruption
Zhao Weiguo formerly headed Tsinghua Unigroup, which was one of China's leading chipmakers.
Crafty Prankster Sneaks Unfiltered Truth About Trump Onto Right-Wing Newscast
The Good Liars troll a right-wing network known for its fealty to the former president.
- BusinessPR Newswire
According to Wingie's Data, 75% of Travelers were Solo in the First Quarter
Travel trends shift each year according to consumer behavior and solo travel is rising in popularity among 2023 travel trends. As a part of the post-pandemic transition, travelers are eager to return to normality, especially after the heavy social restrictions. While awareness has been raised about the importance of living to the fullest, solo travel presents independence and prioritizing personal empowerment through traveling. Leading travel marketplace Wingie.com releases an evaluation on the
- BusinessSimply Wall St.
Estimating The Intrinsic Value Of Ricegrowers Limited (ASX:SGLLV)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Ricegrowers fair value estimate is AU$7.04 Current share price...
- BusinessPR Newswire
Cullen Jewellery Releases 2023 Impact Report on UN International Day of Forests
In celebration of the United Nations International Day of Forests, Cullen Jewellery, a leading ethical and accessible brand for premium engagement rings and fine jewellery, is proud to unveil its 2023 Impact Report.
- BusinessSimply Wall St.
G8 Education Limited's (ASX:GEM) Dismal Stock Performance Reflects Weak Fundamentals
G8 Education (ASX:GEM) has had a rough month with its share price down 9.0%. We decided to study the company's...
- WorldAP Finance
South Korea to restore Japan's trade status to improve ties
South Korean President Yoon Suk Yeol said Tuesday his government will move to restore Japan’s preferential trade status as he pushes to resolve history and trade disputes with Japan despite domestic opposition. In lengthy, televised comments during a Cabinet Council meeting, Yoon defended his moves, saying that leaving ties with Japan as fraught as they are would be neglecting his duty because greater bilateral cooperation is vital to resolve diverse challenges facing Seoul.
- WorldBBC
US urges Xi to press Putin over 'war crimes' in Ukraine
The Chinese and Russian leaders meet again on Tuesday during Xi Jinping's visit to Moscow.
- WorldReuters
Wickremesinghe delivers IMF deal for Sri Lanka despite public mistrust
When Ranil Wickremesinghe took over as Sri Lanka's president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years. Since then, Wickremesinghe has managed to a keep a lid on mass protests, improve supplies of essentials and on Monday, secured a nearly $3 billion bailout from the International Monetary Fund (IMF) that opens the door to restructuring about $58 billion of debt and receive funding from other lenders. Hours-long power cuts and queues for fuel that led to the downfall of former President Gotabaya Rajapaksa are gone, thanks partly to a fuel rationing system.
- BusinessSimply Wall St.
Newcrest Mining (ASX:NCM) stock performs better than its underlying earnings growth over last five years
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying...
- PoliticsAP Finance
Army of lobbyists helped water down banking regulations
It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with President Donald Trump while bucking many in their party. “We can draw a direct line between the deregulation of the Trump period, driven by the bank lobby, and the chaos of the last few weeks.”
- BusinessReuters
Fed, US banks in focus as mood improves on Credit Suisse rescue
Investors on Tuesday took some heart from the rescue of troubled lender Credit Suisse by its Swiss rival UBS, though concerns lingered about the risk of shockwaves further damaging credit markets and smaller U.S. banks. Attention is now on this week's meeting of the U.S. Federal Reserve, with traders wondering whether the central bank's relentless rate hikes - blamed by some for sparking the crisis - might be at an end. The 3 billion Swiss franc ($3.2 billion) deal for Credit Suisse, once worth more than $90 billion and the biggest name caught in the turmoil, was engineered by Swiss regulators and announced on Sunday.
- BusinessSimply Wall St.
Insiders who bought this year lost AU$190k as LiveHire Limited (ASX:LVH) sheds AU$5.1m in value
The recent price decline of 12% in LiveHire Limited's ( ASX:LVH ) stock may have disappointed insiders who bought...
- BusinessSimply Wall St.
Basellandschaftliche Kantonalbank Reports Full Year 2022 Earnings
Basellandschaftliche Kantonalbank ( VTX:BLKB ) Full Year 2022 Results Key Financial Results Revenue: CHF402.7m (up 4.4...
- BusinessSimply Wall St.
The CEO Of BELIMO Holding AG (VTX:BEAN) Might See A Pay Rise On The Horizon
Key Insights BELIMO Holding's Annual General Meeting to take place on 27th of March Salary of CHF520.0k is part of CEO...
- BusinessGlobeNewswire
Electric Vehicle Battery Market Size to Reach $108.2 Billion by 2031: Says Allied Market Research
The global electric vehicle battery market is experiencing growth due to an uptick in electric vehicle sales, despite the challenges posed by a lack of charging infrastructure and government support for green mobility. The Lithium-ion battery segment currently holds the largest market share, and the Asia-Pacific region is expected to remain a promising market through 2031.Portland, OR, March 21, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global elec
- BusinessGlobeNewswire
Automotive Head Up Display Market Size to Reach $10.4 Billion by 2031: Allied Market Research
The rise in demand for EV and high-end luxury and mid-size cars with cutting-edge safety features like head-up displays, ability of automotive head up display devices to provide the driver with a variety of information regarding the status of their vehicles, the introduction of stricter government safety regulations, and technological advancements drive the growth of the global automotive head up display market.Portland, OR, March 21, 2023 (GLOBE NEWSWIRE) -- According to the report published by
- BusinessGlobeNewswire
Global Stud Welding Machine Market Is Expected to Reach $1.7 Billion by 2031: Allied Market Research
The significant expansion of key industry verticals like construction, automotive & robotics, aerospace and shipbuilding, which are increasingly dependent on the use of stud welding machines in their manufacturing processes drive the growth of the global stud welding machine market. Region-wise, the market in Asia-Pacific is likely to dominate in terms of revenue during the forecast period 2022 to 2031.Portland,OR, March 21, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Ma
- EntertainmentUSA TODAY
Puzzle solutions for Tuesday, March 21, 2023
Find answers to the latest online sudoku and crossword puzzles that were published in USA TODAY Network's local newspapers.
- BusinessPR Newswire
Low-Carbon Hydrogen Presents Attractive Alternative Investment Opportunities for Infrastructure Investors
In spite of the lingering effects of the COVID-19-induced economic downturn, rising inflation, and geopolitical implications of Russia's invasion of Ukraine, infrastructure investment, the fastest-growing alternative asset class, has lived up to its promise and proven its resilience.
- BusinessSimply Wall St.
DWS Group GmbH KGaA Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
DWS Group GmbH KGaA ( ETR:DWS ) Full Year 2022 Results Key Financial Results Revenue: €4.00b (flat on FY 2021). Net...
- TechnologyNewMediaWire
Cosmic Dolphins Corporation Set to Launch World's First Swiss-Made Privacy-Focused Phone LvL 50
LAUSANNE, Switzerland - (NewMediaWire) - March 21, 2023 - The Cosmic Dolphins Corporation has announced the launch of the world's first Swiss-made smartphone focused on privacy and security. Cosmic Dolphins Corporation, a technology company based in Switzerland, is dedicated to offering inventive solutions that give prominence to privacy and security. The team at The Cosmic Dolphins is based in Switzerland, where neutrality will enable them to provide better solutions focused on privacy and security.