Tag: banking
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Australia’s Banking Sector Can Embrace Cross-Collaboration to Combat Scams
[ad_1] Scams have become a $3.1 billion business in Australia, thanks to the lack of a standardized approach in addressing them. That’s set to change, with the Australian Competition and Consumer Commission approving a move for the financial sector to share insights and collaborate on new industry standards. This authorization is only an interim one…
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UK could be hit by ‘contagion’ derailing China’s £2.4trn banking system, says Harvey-Jones | World | News
[ad_1] Britain is far from immune to the “contagion” currently threatening to destroy China’s £2.4trillion banking system, Sir John Harvey-Jones has warned. The former ICI chairman and star of the BBC show Troubleshooter issued his stark warning with Country Garden, the Chinese real estate giant, in serious danger of going bust. And, in an op-ed…
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US guitar maker Fender opens flagship store in Tokyo banking on regional growth – Winnipeg Free Press
[ad_1] TOKYO (AP) — Fender, the guitar of choice for some of the world’s biggest stars from Jimi Hendrix to Eric Clapton, is opening what it calls its “first flagship store” in its 77-year history. The American guitar manufacturer has chosen for its location Tokyo’s Harajuku, a hot spot for Japanese youngsters who love animation,…
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Oil dips on soft China inflation; U.S. banking tensions, debt drama persist
[ad_1] Investing.com — It’s another day in the red for oil as economic data in top importer China continues to disappoint while U.S. banking tensions resurfaced with a fresh plunge in the shares of troubled lender PacWest amid continued wrangling over the nation’s debt crisis. New York-traded West Texas Intermediate, or , crude was down…
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Oil extends gains amid fewer recession, banking contagion headlines
[ad_1] Investing.com — ‘The less the news, the better’ seems to be the case for oil longs. Crude futures extended their gains, rising almost 3% in Monday’s session which added to Friday’s 4% rally, as fewer headlines on the specter of a U.S. recession spurred greater technical recovery and risk-taking in oil markets battered over…
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Banking Sector Stress Takes Center Stage
[ad_1] S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: While the uptrend remains intact, US equities have yet to clear past their recent highs. Better-than-expected earnings have provided a floor to equities. What is the outlook for the S&P 500 index and Nasdaq 100 index? Recommended by Manish Jaradi Traits of Successful Traders US equities…
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Hang Seng Index Jumps on Alibaba News as Banking Issues Subside. Higher HSI?
[ad_1] Hang Seng, HSI, Alibaba, HKD, Japanese Yen, AUD/USD – Talking Points The Hang Seng Index took off on the news a the Alibaba split up Tech stocks in the region benefitted as the banking crisis looks to have dissipated If the Chinese government are changing policy, will the HSI continue to rally? Trade Smarter…
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Gold nears $2,000 even as U.S. banking crisis abates
[ad_1] By Barani Krishnan Investing.com — Maybe there’s something about the U.S. banking crisis that the gold market knows, which other markets, financial regulators — or even the banks themselves — don’t. A day after recoiling to mid $1,900 levels, gold futures were back knocking at the $2,000-an-ounce door on Tuesday even as the crisis…
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US Dollar Slides as Banking Woes Continue and Treasury Yield Sink. Where to for USD?
[ad_1] US Dollar, DXY Index, USD, SVB, Treasury Yields, Fed, Kashkari, Credit – Talking Points US Dollar languishes as Treasury yields struggle to hold their ground The banking situation might do some of the Fed’s work on financial tightening If Core PCE data later in the week is strong, what will it mean for DXY…