On March 26th, the clocks will spring forward, resulting in longer evenings but darker mornings due to Daylight Savings Time, also known as British Summer Time.
Credit Suisse and UBS reportedly face an investigation by US authorities for Russian sanctions evasion
American prosecutors are set to investigate the services provided by banks to clients with connections to the Kremlin.
Baker Hughes reports that for the second consecutive week, oil and gas rigs have been added by U.S. drillers.
According to the closely watched report released by energy services company Baker Hughes on Friday, U.S. energy firms added oil and natural gas rigs for the second consecutive week.
After Rishi Sunak’s Brexit deal, Brussels has abandoned its veto on UK-EU banking
Following the signing of Rishi Sunak’s Brexit deal, Brussels has lifted its veto on a banking agreement between the UK and the EU.
It is anticipated that the UK government will provide windfall tax relief to energy companies
Next week, the UK government is expected to offer windfall tax relief to its oil and gas companies. This move aims to boost investments and enhance the country’s energy security,
The US Treasury Secretary to hold emergency meeting with US financial regulators
Today, in the midst of the recent banking turmoil, the US Treasury Secretary, Janet Yellen, will chair an impromptu meeting with the leaders of America’s financial regulatory bodies.
European banks are experiencing continued drops, with Deutsche Bank falling by more than 7% in New York
According to S&P Market Intelligence data, the cost of credit default swaps for Deutsche Bank – Germany’s largest bank – hit a four-year high today. This comes as shares in
SP Angel Morning View -Today’s Market View, Friday 24th March 2023
Gold tests $2,000/oz level on credit crunch concerns
According to a report, the Covid business scheme has only been able to recover 1% of the £1.1bn that was lost.
The National Audit Office has released a report stating that the government’s Covid business support programme in England has only recovered 1% of the estimated £1.1bn lost due to fraud
If companies increase prices, Andrew Bailey cautions that interest rates will once more increase.
The Governor of the Bank of England cautioned that businesses could worsen inflation by persisting with price hikes.
All parliamentary devices have been banned from using TikTok.
Parliament has declared that TikTok will be blocked from “all parliamentary devices and the wider parliamentary network” due to cyber security concerns.