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Powell-led Dollar Surge Vanishes Amidst Banking Sector Turmoil

Powell-led Dollar Surge Vanishes Amidst Banking Sector Turmoil

The Dollar's surge in the week spanning March 3-10 triggered by the warnings of higher interest rates by Jerome Powell in his semi-annual monetary policy report to the Congress, drained in the unprecedented turbulence that engulfed the banking sector soon after.
RTTNews | 715 дней спустя
Aridis Pharma Says Phase 2a Study Of AR-501 In Cystic Fibrosis Meets Endpoints

Aridis Pharma Says Phase 2a Study Of AR-501 In Cystic Fibrosis Meets Endpoints

Aridis Pharmaceuticals, Inc. (ARDS) announced Monday preliminary top-line results from the randomized, double blinded, placebo-controlled Phase 2a study of AR-501, which evaluated the safety and pharmacokinetics of three ascending doses of AR-501 administered as an inhaled aerosol in cystic fibrosis (CF) patients with confirmed Pseudomonas aeruginosa bacterial and other potential infections.
RTTNews | 715 дней спустя
Euro Retreats Amid Risk Aversion

Euro Retreats Amid Risk Aversion

The euro retreated from early highs against other currencies in the European session on Monday, as European markets fell on concerns over the fallout from the Silicon Valley Bank (SVB) collapse.
RTTNews | 715 дней спустя
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Euro Retreats Against Majors

Euro Retreats Against Majors

The euro retreated from early highs against other currencies in the European session on Monday.
RTTNews | 715 дней спустя
HSBC Takes Over Collapsed Silicon Valley Bank's UK Unit In £1 Rescue Deal

HSBC Takes Over Collapsed Silicon Valley Bank's UK Unit In £1 Rescue Deal

British banking major HSBC Holdings Plc has acquired collapsed Silicon Valley Bank's UK unit in a 1 pound rescue deal, with immediate effect. The move comes after the California-based Silicon Valley Bank was shut down on last Friday by U.S. regulators following the biggest U.S. bank failure since the 2008 financial crisis. Following the news, HSBC shares were losing around 4 percent.
RTTNews | 715 дней спустя
European Shares Slump On SVB Contagion Concerns

European Shares Slump On SVB Contagion Concerns

European stocks fell sharply on Monday, as banks extended their worst two-day selloff in more than five months on concerns over the fallout from the Silicon Valley Bank (SVB) collapse and ahead of the ECB meeting and key U.S. inflation data due this week.
RTTNews | 715 дней спустя
FTSE 100 Extends Declines As Banks Tumble

FTSE 100 Extends Declines As Banks Tumble

U.K. stocks tumbled on Monday after HSBC said it acquired the U.K. subsidiary of Silicon Valley Bank for 1 British pound to ensure the continuity of banking services, minimize disruption to the U.K. technology sector and to maintain the confidence in the financial system.
RTTNews | 715 дней спустя
CAC 40 Extends Slide After SVB Collapse

CAC 40 Extends Slide After SVB Collapse

French stocks fell on Monday to extend losses from the previous session in the wake of the Silicon Valley Bank (SVB) collapse and growing worries about the health of the U.S. financial system.
RTTNews | 715 дней спустя

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