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US bank troubles hammer stocks, bolster Treasuries

BLOOMBERG Stocks tumbled and Treasuries rallied amid mounting concerns about the health of the US banking system. Nasdaq futures pared losses in early trading. Europe’s Stoxx 600 equity gauge dropped 1.7%, with an index of bank stocks sliding the most since June, led by a 7% plunge for Deutsche Bank AG. Credit Suisse Group AG shares tumbled to a record ...

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Bitcoin set for worst week since FTX crash on regulation, rates

BLOOMBERG Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating US regulatory crackdown on crypto combine to hurt  investor sentiment. The largest token fell as much 3.2% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on March 9. Smaller coins like ...

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Agthia affirms strategy to acquire, consolidate value accretive businesses

ABU DHABI / WAM Agthia Group has emphasised on its strategy to acquire and consolidate value accretive businesses while leveraging synergies and maintaining a profitable core. This came as the group announced results for the fiscal year ending on December 31 in a statement recently. According to the statement, the group’s gross profit increased 21% year-on-year to AED1.2 billion, with ...

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