Page 58 - Frx News Today

Global stocks and U.S. bond yields rose on Tuesday, as a U.S. regulator-backed deal by First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector.

South Africa's rand strengthened against the dollar in early trade on Tuesday after efforts by regulators to allay fears over the global banking system fuelled risk appetite.

A look at the day ahead in European and global markets from Anshuman Daga

A look at the day ahead in markets from Mike Dolan.

The 31-year-old former billionaire now faces a 13-count indictment over the collapse of FTX.

Egypt will soon allow Iranians travelling with tour groups to obtain visas on arrival in the south of its Sinai peninsula with a view to extending access to other parts of the country, Egyptian tourism ministry officials said.

Binance founder Changpeng Zhao could never be accused of thinking small.

Sterling hovered around a two-month high on Tuesday as the Bank of England (BoE) said Britain was not experiencing stress linked to the demise of Silicon Valley Bank (SVB) and Credit Suisse.

The Egyptian pound lost ground on the black market again in recent days in a sign that halving its official value over the past year could still not be enough and the central bank may have to let it slide further.

South African mining stocks rose on Tuesday on the back of a weaker dollar and bigger risk appetite from investors, while local currency rand strengthened.