IMF chief says global growth ‘not enough’ | Business and Economy News
IMF’s 2023 global growth estimate of 2.8 percent is ‘most worrisome’ as it projects weak growth over a longer period, she said. International Monetary Fund…
IMF’s 2023 global growth estimate of 2.8 percent is ‘most worrisome’ as it projects weak growth over a longer period, she said. International Monetary Fund…
Royal Bank of Canada contributed $42.1bn to fossil fuel companies last year, environmental groups say in new report. A major Canadian bank was the world’s…
Group of Seven (G7) finance leaders have pledged to take action to maintain the stability of the global financial system after recent banking turmoil and…
Zurich, Switzerland – The guardians of the global economy are meeting at the International Monetary Fund (IMF) this week to discuss a daunting set of…
Press play to listen to this article Voiced by artificial intelligence. FRANKFURT ― The markets are jittery and inflation still needs taming. Coming together, those…
Press play to listen to this article Voiced by artificial intelligence. BERLIN — Germany's center-right opposition wants to raise the heat on Chancellor Olaf Scholz…
Millions of Americans are observing Ramadan, the Muslim month of fasting, prayer and devotional giving. As survivors of recent earthquakes in Turkey and Syria recover…
Recent bank failures revived fears of a full-fledged financial crisis and global recession – although economists have cautioned that the situation is not likely to…
Swiss prosecutors have opened an investigation into possible illegal activity in connection with government support for UBS’s rushed takeover of Credit Suisse, the Financial Times…
From: UpFront‘It is absolutely impossible to stabilise a banking system which has been built, designed almost, to be unstable.’ Are we in the midst of…
Several key officials at three major South African banks are helping a gold smuggling gang launder millions of dollars of dirty cash in exchange for…
A leading official from the United States Federal Reserve has testified that Silicon Valley Bank (SVB) failed to address vulnerabilities identified as early as November…
Finding a buyer for Silicon Valley Bank’s deposits and loans has helped afford an uneasy calm to fragile markets on Monday, which have been roiled…
Shayne Elliott says it’s ‘premature’ to say Silicon Valley Bank, Credit Suisse woes will cause repeat of 2008 crisis. Australia and New Zealand Banking Group’s…
From: Counting the CostThe US Federal Reserve raised interest rates again to rein in inflation, despite the turmoil in the financial sector. Inflation in the…
President Biden said he was confident U.S. regional banks were in good shape and didn’t foresee any major crises on the horizon, downplaying Wall Street…
Tumbling stocks dragged down other major banks across Europe, fuelling fears about a banking sector crisis. Shares in Deutsche Bank have fallen sharply, dragging down…
Janet Yellen is the face of US govt on the issue and her public comments have sent markets on a roller-coaster ride. For the fourth…
US treasury secretary hails government intervention to guarantee depositors’ money and says banking system is ‘sound’. US Treasury Secretary Janet Yellen has said that the…
Treasury Secretary Janet L. Yellen said on Tuesday the U.S. government could repeat the drastic actions it took recently to protect bank depositors if smaller…