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Swiss franc grapples with safe-haven identity crisis after Credit Suisse

The Swiss franc hasn’t lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a boost to the value of the gold in Switzerland’s bullion vaults than to its currency. Money managers ditched the Swiss franc at the fastest rate in two years last week […]

Asian stocks subdued amid banking woes, economic fears

Most Asian stock markets fell on Friday as comments from U.S. regulators failed to entirely quell fears of a banking crisis, while concerns over slowing economic growth also dented sentiment. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.3% and 0.5%, respectively, as sentiment soured towards property stocks after beleaguered developer China Evergrande Group’s (HK:3333) debt restructuring plan failed […]

British retail sales rise 1.2% in Feb

British retail sales rose 1.2% in February from the month before, figures from the Office for National Statistics showed on Friday. Economists polled by Reuters had forecast that retail sales volumes in February would be 0.2% higher than in January.

Oil pares losses as Middle East tensions rise after U.S. air strike

Oil prices trimmed early losses on Friday after a U.S. air strike on Iran-backed groups pushed up fears that rising tensions in the Middle East could disrupt supply, although concerns over weak demand and slowing economic growth still weighed. The U.S. carried out precision air strikes on Iran-backed groups in east Syria, in retaliation for […]

Asia FX weakens as dollar steadies from Fed-driven losses

Most Asian currencies fell on Friday and the dollar steadied near seven-week lows as markets speculated over how imminent a pause in interest hikes may be, although dovish signals from the Federal Reserve put most regional units on course for strong weekly gains. The safe haven Japanese yen outperformed its peers, rising 0.5% even as data showed […]