UK doctors in training prepare for strike over wages, burnout

Young doctors walk away for 72 hours because of overtime pay Burnout and conditions that push young doctors to quit The UK health service has record backlogs Doctors in training saddled with student debt LONDON, March 10 (Reuters) – Fed up with a government he says doesn’t care, Poh Wang plans to strike next week … Read more

US banking jitters hit Asian stocks; yen falls with JGB yields after BOJ

SINGAPORE, March 10 (Reuters) – Falling bank stocks sent Asian markets tumbling on Friday as bonds rose and expectations for US interest rate hikes were lowered after a surprise capital raise at a Silicon Valley startup lender raised fears of a broader unleashed stress in the banking system. The yen weakened and Japanese government bond … Read more

Wall St falls on bank stocks tumble, jobs report jitters

Investors are looking forward to Friday’s jobs report Bank shares plummet after SVB announces share sale General Electric rises after repeated forecast Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – Wall Street’s three major stock indices closed lower on Thursday, with banking stocks the biggest drag, while investors also worried Friday’s … Read more

Silicon Valley Bank stock slides on stock sale plan to cope with cash burn

Deposits fall faster than predicted – SVB Capital raise, PE injection, asset restructuring to help The stock plummets 42% in afternoon trading March 9 (Reuters) – Shares of SVB Financial Group (SIVB.O) fell 42% on Thursday, a day after the lender launched a $1.75 billion share sale to strengthen its balance sheet and deal with … Read more

US job losses between January and February hit the highest level since 2009 – report

March 9 (Reuters) – Layoffs at US companies in January and February hit their highest level since 2009, with the technology sector accounting for more than a third of the more than 180,000 job cuts announced, a report found on Thursday. In February alone, the number of layoffs in the United States was 77,770, more … Read more

US Weekly Jobless Claims Report Biggest Rise in 5 Months; labor market still tight

Weekly jobless claims increase by 21,000 to 211,000 The average number of claims over four weeks rises from 4,000 to 197,000 Continuing claims jump 69,000 to 1,718 million WASHINGTON, March 9 (Reuters) – The number of Americans filing new claims for unemployment benefits rose the most in five months last week, but the underlying trend … Read more

Stocks and dollar fall ahead of some pivotal days

European stocks fall in early trading US 2-year yields approach 15-year high, dollar close to 3-month high Chinese equities falter, yuan weakened by soft inflation data Nikkei Surges 0.6%, Yen Rises as Ueda Approved as New BOJ Governor Powell confirms hawkish guidance, size of March increase not yet finalized LONDON, March 9 (Reuters) – World … Read more

Chinese consumer inflation lowest in a year, leaves room for more stimulus

Consumer inflation slowed in February Producer deflation in February increased Inflation will not constrain supportive monetary policy BEIJING, March 9 (Reuters) – Annual consumer inflation in China slowed to a year-on-year low in February as consumers remained cautious despite the abandonment of tight pandemic controls at the end of 2022. Combined with continued producer deflation, … Read more