Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Asian stocks tumble after hawkish Powell comments
The Fed will likely need to raise interest rates more than expected in response to recent strong data

Powell pushes dollar to three-month high
Overnight it had shot more than 1.2% higher on the euro

US Stocks: Wall Street falls more than 1% as Powell flags sharper rate hikes
Bets for 50 bps March rate hike jump dramatically

Oil stabilises as surprise US crude draw offsets rate hike jitters
US Fed's Powell sets scene for higher and faster rate hikes

Gold slips to 1-week low after Powell strikes hawkish tone
Spot gold was down 0.1% at $1,811.83 per ounce

Silvergate in talks with FDIC officials on ways to salvage bank - Bloomberg News
Shares of the cryptocurrency-focused bank rose about 5% in after-market trading

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