By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden declared the US banking system “safe” and vowed stiffer bank regulation, after U.S. regulators were forced to step in with a s[...]
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March 13, 2023
India proposes additional net expenditure of 1.48 trillion rupees for 2022/23
NEW DELHI (Reuters) – The Indian government has proposed an additional net expenditure of 1.48 trillion rupees ($18.06 billion) for the fiscal year ending this month, a government statement said[...]
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Key elements of Fed’s new US bank funding program
(Reuters) -The Federal Reserve on Sunday unveiled a new program to ensure banks can meet the needs of all their depositors amid escalating chances of bank runs following the abrupt collapse of two maj[...]
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Marketmind: Banks rescued, rates recoil, stress builds
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. regulators’ swift weekend action to limit fallout from the failure of Silicon Valley Bank has prompted one of the most ext[...]
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Smoothies in, alcopops out as UK updates inflation index for 2023
By David Milliken LONDON (Reuters) – Frozen berries used to blend home-made smoothies are in, while alcopops at the pub are out, according to Britain’s annual update of the goods and servi[...]
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Turkey’s current account deficit widens to record level in January
ISTANBUL (Reuters) – Turkey’s current account deficit widened to $9.85 billion in January, data from the central bank showed on Monday, the highest level in four decades of available data,[...]
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China’s new premier seeks to reassure private sector as parliament wraps up
By Eduardo Baptista and Yew Lun Tian BEIJING (Reuters) -New Chinese Premier Li Qiang sought to reassure the country’s private sector on Monday, saying the environment for entrepreneurial busines[...]
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Take Five: A macro-packed punch for markets
(Reuters) -U.S. inflation data, a European Central Bank meeting, a look at the health of China’s economy and a UK budget could now provide direction for markets unsettled by last week’s sl[...]
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Marketmind: Bank rescue leaves Fed in a rate bind
A look at the day ahead in European and global markets from Wayne Cole So, U.S. authorities have ridden to the rescue of the financial system, generating the biggest rally in short-term bonds in decad[...]
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