The largest of the cryptocurrencies started the rally as shares of First Republic Bank (FRC.US) slid nearly 50% yesterday following a quarterly report that showed nearly $100 billion in deposit outflows in Q1 2022. Bitcoin surpassed $29,000 and Ethereum is near $1,900. The gains were also helped by better-than-expected results from Alphabet (GOOGL.US) and Microsoft (MSFT.US), which could mean that […]

Investors’ morning attention in the FX market turned towards Australia, where we learned the latest inflation data. Australia’s headline CPI came in at 1.4% k/k in Q1 2023 (versus the expected 1.3%). However, the AUDUSD pair saw declines, dictated by a lower core inflation reading (1.2% quarter-on-quarter versus expectations of 1.4%). By weight, it is […]

HONG KONG (Reuters) -UBS has promised retention packages to wealth management staff in Asia at Credit Suisse, two people with knowledge of the matter said, as the Swiss bank tries to stem a talent exodus after the takeover of its former rival. In a town hall address at Credit Suisse’s Hong Kong office on Friday, […]

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 […]

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.