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New Zealand Food Prices Skyrocket In February
Food prices in New Zealand surged 12.0 percent on year in February, Statistics New Zealand said on Monday - accelerating from the 10.3 percent annual increase in January.
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1282 days ago
Malaysia Industrial Production Data Due On Monday
Malaysia will on Monday release January figures for industrial production, highlighting a light day for Asia-Pacific economic activity. Production is expected to rise 2.6 percent on year, slowing from 3.0 percent in December. Manufacturing production rose 6.9 percent in the previous month.
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1282 days ago
Silicon Valley Bank Closed By Regulators Due To Inadequate Liquidity And Insolvency
The California-based Silicon Valley Bank was closed on Friday by regulators, and its assets have been seized due to inadequate liquidity and insolvency.
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1282 days ago
TSX Sheds 1.55%, Ends At 2-month Low
The Canadian market ended sharply lower on Friday as worries about the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital triggered widespread selling.
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1284 days ago
Dollar Loses Ground Against Major Counterparts After Jobs Data
The U.S. dollar shed ground against its major counterparts on Friday after data showing a rise in the jobless rate and slower wage growth in February tempered expectations for a 50 basis point hike from the Fed this month.
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1284 days ago
U.S. Stocks Tumble On Widespread Selling On SVB Collapse
U.S. stocks tumbled on Friday and the major averages all ended notably lower as concerns about the potential fallout from the implosions of Silicon Valley Bank (SVB) and Silvergate Capital triggered a sell-off in the financial sector.
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1284 days ago
Swiss Market Ends Sharply Lower
The Switzerland stock market ended sharply lower on Friday, in line with markets across Europe, as concerns about the potential fallout from the implosions of Silicon Valley Bank (SVB) and Silvergate Capital weighed on sentiment.
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1284 days ago
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European Markets Close Sharply Lower As Bank Stocks Tumble
European stocks closed sharply lower on Friday, weighed down by heavy selling in the banking space as investors assessed the potential fallout from the implosions of Silicon Valley Bank (SVB) and Silvergate Capital.
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1284 days ago
U.S. Dollar Weakens As Fed Rate Hike Bets Ease After Jobs Data
The U.S. dollar fell against its major counterparts in the New York session on Friday, as jobs data showing a rise in the jobless rate and slower wage growth in February tempered expectations for a 50 basis point hike from the Fed this month.
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1284 days ago
UK Economy Rebounds With 0.3% Growth In January
The UK economy grew at the start of the year, after contracting in the previous month, led by the strong recovery in the services sector, preliminary figures from the Office for National Statistics showed Friday. Monthly gross domestic product rose 0.3 percent from December when it shrank 0.5 percent. That beat economists' expectations for a modest 0.1 percent growth.
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1284 days ago
U.S. Employment Jumps More Than Expected, Unemployment Rate Rebounds
A closely watched report released by the Labor Department on Friday showed employment in the U.S. jumped by much more than expected in the month of February. The Labor Department said non-farm payroll employment shot up by 311,000 jobs in February after spiking by a revised 504,000 jobs in January.
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1284 days ago
Ford Reportedly Plans To Cut About 1100 Jobs In Spain
U.S. auto giant Ford Motor Co. (F) is reportedly planning to cut around 1,100 jobs or 18 percent of its workforce at its plant in Valencia, Spain, as it stops production of the S-Max station wagon-like cars and Galaxy minivan models at the plant in April.
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1284 days ago
Loonie Mixed After Canada Jobs Data
Following the release of Canada jobs data for February at 8:30 am ET Friday, the loonie traded mixed against its major counterparts. While it rose against the greenback, it fell against the rest of rivals.
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1284 days ago
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