Fitch says contagion risks loom over two Adani entities

[ad_1] Ratings agency Fitch said two Adani Group subsidiaries are exposed to “heightened contagion risks”, possibly affecting their financial flexibility, due to governance weakness at the parent conglomerate and other…

Gold prices slip as fading banking jitters dampen demand

[ad_1] News Business Commodities Gold prices slip as fading banking jitters dampen demand Data on Tuesday showed U.S. consumer confidence unexpectedly increased in March, while February’s U.S. trade deficit in…

Asian stocks rally as banking anxiety eases; Alibaba surges

[ad_1] Asian shares rose sharply on Wednesday while the dollar was on the defensive as easing concerns over the banking sector revived risk appetite, while Alibaba’s stock soared on the…

Gold firms as softer dollar counters banking reprieve

[ad_1] News Business Commodities Gold firms as softer dollar counters banking reprieve Gold declined over 1% on Monday as investors scaled back on safe-haven trading in favour of riskier assets…

Rupee rises 15 paise to 82.16 against US dollar

[ad_1] The rupee gained 15 paise to 82.16 against the US dollar in early trade on Tuesday as the weakness of the American currency and a positive trend in domestic…

Asian shares mostly rise on relief over US bank strength 

[ad_1] Asian shares were mostly higher on Tuesday as investors got some relief from worries over troubled US banks with a planned takeover of failed Silicon Valley Bank. Japan’s benchmark…

Stop insuring carbon projects ‘immediately’, NGOs tell CEOs

[ad_1] A group of climate activists has called on 30 insurance company CEOs to “immediately” stop underwriting new fossil fuel projects in the wake of a stark climate warning from…

Oil prices little changed; supply concerns, banking crisis in focus

[ad_1] News Business Commodities Oil prices little changed; supply concerns, banking crisis in focus Oil prices drew support from indications of strong Chinese demand. Brent crude futures fell 2 cents…

Saudi National Bank chair resigns after Credit Suisse storm 

[ad_1] News Business Banking and Finance Saudi National Bank chair resigns after Credit Suisse storm  Shares of Credit Suisse sank over 30 per cent after al-Khudairy announced March 15 that…

Gold drops as investors digest SVB deal amid banking risks

[ad_1] News Business Commodities Gold drops as investors digest SVB deal amid banking risks First Citizens BancShares Inc will acquire all of Silicon Valley Bank’s deposits and loans from the…