WASHINGTON: The dramatic implosion of Silicon Valley Bank (SVB) last week could bring the Federal Reserve's current cycle of interest rate hikes to an end far sooner than many a
last week could bring the Federal Reserve's current cycle of interest rate hikes to an end far sooner than many analysts expected.
Analysts at Goldman Sachs and Wells Fargo now predict the Fed will end its hiking cycle on Mar 22, while economists at JP Morgan and Oxford Economics see the FOMC voting for a smaller quarter-percentage-point hike.America's top finance officials unveiled a series of measures over the weekend aimed at restoring confidence in the banking sector and settling turbulent markets.
"They knowingly took a risk and when the risks didn't pay off, investors lose their money. That's how capitalism works," he said.Commentary: Silicon Valley Bank collapse - what financial history tells us about the falloutSunday's announcement was well received by the financial markets, with the Nasdaq closing up 0.45 per cent on Monday.
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India tech minister says to meet startups on SVB falloutMUMBAI : India's state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank's collapse, as concerns rise about the fallout for the Indian start-up sector.California banking regulators shut down Silicon Valley Bankon Friday after the a r
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Six Hong Kong-listed firms say their deposits at SVB are immaterialHONG KONG : Six Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed cash deposits at Silicon Valley Bank on Sunday, adding that their exposure to the failed U.S. lender and its impact on operations were immaterial, in an effort to calm investors.Startup-focussed SVB Financial Group,
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SVB collapse could add to China stock investors' anxietyHONG KONG : China stock investors, already disillusioned by Beijing's lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, market participants said.China's CSI300 Index dropped 4 per cent last week, while Hong Kong'
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Most Aussie, NZ tech firms confirm minimal exposure to SVB falloutAustralian and New Zealand tech firms said on Monday they did not have material exposure to Silicon Valley Bank following the failure of the U.S. startup-focused lender SVB Financial Group last week, amid fears of a contagion in Asia. Friday's failure of SVB Financial Group, which focuses on technology
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Dollar slides as US intervenes on SVB collapseSINGAPORE : The U.S. dollar slid on Monday as authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank, with investors hoping the Federal Reserve will take a less aggressive monetary path. The U.S. government announced several measures early on Monday Asian hours, and s
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Australian tech firms say they don't have material exposure to SVBSYDNEY :Several Australian and New Zealand tech firms said on Monday they did not have material exposure to Silicon Valley Bank following the failure of the U.S. startup-focused lender SVB Financial Group last week.Australian Treasurer Jim Chalmers said the government was aware some Australian firms have been
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