The Federal Reserve’s decision to raise interest rates once again while keeping its year-end forecast unchanged is set to keep Asian stocks under pressure and help government bonds rally, according to regional-focused investors and strategists.
Brazil’s central bank kept its key interest rate unchanged, defying intense pressure from President Luiz Inacio Lula da Silva and his team for looser monetary policy.
Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war in Ukraine.
Pershing Square’s Bill Ackman said he expects an acceleration of deposit outflows from banks after US Treasury Secretary Janet Yellen “walked back” comments about guaranteeing all deposits and the Federal Reserve raised its benchmark rate.
Federal Reserve Chair Jerome Powell conceded that top officials were stumped at the sudden collapse of Silicon Valley Bank earlier this month, which spurred widespread panic of a deeper banking crisis and in turn upended global financial markets.
Delta Air Lines Inc. and United Airlines Holdings Inc. are offering to trim flights by as much as 10% at some of the country’s busiest airports this summer to ease congestion and delays — but only in return for a promise from federal regulators that they can get them back.
Fintech company Kredivo Holdings raised about $270 million in equity financing, defying a market correction that’s made it difficult for many startups to obtain fresh capital.
Treasury Secretary Janet Yellen said regulators aren’t looking to provide “blanket” deposit insurance to stabilize the US banking system without working with lawmakers, and that the heads of recently failed American lender should be held accountable.
A Biogen Inc. drug that targets a rare form of ALS got partial support from a panel of US Food and Drug Administration advisers Wednesday, paving the way for a possible accelerated approval.
The Federal Deposit Insurance Corp. has moved the bid deadline to Friday for the failed Silicon Valley Bank’s wealth-management bank, according to people familiar with the matter.
