[ad_1] Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the personal computer on March 14, 2023, in Rome, Italy.Andrea Ronchini | Nurphoto | Getty ImagesGoldman Sachs on Wednesday lowered its 2023 economic...
[ad_1] "The Big Short" investor Michael Burry said regulators' extraordinary action to backstop regional banks should be enough to resolve the current crisis and stabilize the financial markets. "In October 1907, Knickerbocker Trust failed due to risky bets, sparking a panic. Two others soon failed,...
[ad_1] Indian gas firm GAIL (India) Ltd will get two cargoes of liquefied natural gas (LNG) each in March and April from Germany's Sefe for the first time since supplies were halted in May, Chairman Sandeep Gupta said on Wednesday. Gupta said Sefe was supplying...
[ad_1] Laurence "Larry" Fink, chairman and chief executive officer of BlackRock Inc., pauses as he speaks during the BlackRock Asia Media Forum in Hong Kong, China.Justin Chin | Bloomberg | Getty ImagesAsset managers like BlackRock are not "the environmental police," Larry Fink said in his annual...
[ad_1] BlackRock CEO Larry Fink issued a somber warning on the state of the financial markets, saying the banking crisis brought on by the collapse of Silicon Valley Bank could spread, but it was too early to determine. "We don't know yet whether the consequences...
[ad_1] A home with a swimming pool abuts the desert on the edge of the Las Vegas valley, Wednesday, July 20, 2022, in Henderson, Nev.John Locher | APNevada lawmakers are considering legislation that will give water managers the authority to restrict the amount of water available for...
[ad_1] Russia wants to recover the fragments of a U.S. surveillance drone that American forces brought down in the Black Sea after an encounter with a Russian fighter jet, a Russian security official said Wednesday. Nikolai Patrushev, the secretary of Russia's Security Council, claimed in...
[ad_1] A customer looks over merchandise at a store on March 14, 2023 in Miami, Florida.Joe Raedle | Getty ImagesWholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its next move on interest rates.The producer...
[ad_1] Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in the rupee, a top government official said on Wednesday. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said...
[ad_1] Chinese tourists are raring to travel again.But this time, the usual suspects — Venice, Paris and Madrid, for example — aren't their top picks.As China's reopening gains momentum after three years of Covid-19 restrictions, the country's travel-hungry citizens are emerging much changed, according to...