Bloomberg Business

Iran said it welcomes any diplomatic effort to improve relations with its Gulf neighbors and wants to repair ties with more Arab countries following last week’s accord with Saudi Arabia.

Tunisia’s bond market is showing growing concern about default after President Kais Saied’s remarks about Black migrants sparked mob violence and led to worry that an urgent International Monetary Fund bailout could be delayed.

Oil fell as the fallout from the collapse of Silicon Valley Bank — the worst since the 2008 financial crisis — rippled across markets.

(Bloomberg) — German bonds were poised for the biggest rally on record as traders clamored for haven assets and bet the collapse of Silicon Valley Bank will force policymakers to raise borrowing costs much less than previously anticipated.

HSBC Holdings Plc is buying the UK arm of Silicon Valley Bank, the culmination of a frantic weekend where ministers and bankers explored various ways to avert the SVB unit’s collapse.

Chinese stocks rallied on Monday, outperforming the broader Asian market as traders bet on policy continuity after news that China’s economic leadership team would retain several familiar faces.

US authorities took extraordinary measures to shore up confidence in the financial system after the collapse of Silicon Valley Bank, introducing a new backstop for banks that Federal Reserve officials said was big enough to protect the entire nation’s deposits.

Crisis-hit Pakistan will need to pause debt repayments if it isn’t able to secure funding from the International Monetary Fund quickly enough, according to Bank of America.

When the European Central Bank sets interest rates on Thursday, attention will be on the increasingly acrimonious path that lies ahead.

FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has filed for a third time for an initial public offering in the financial hub.