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Sensex drops 142 points, tracking weak global cues
Updated : 2 years, 10 months ago IST
BSE Sensex was down 142 points to 61,212.97 and Nifty dropped 87 points to 18,061.20 at 10.45 on Wednesday.
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Pakistan: Credit to private sector decreases fivefold, Government borrowin
Updated : 2 years, 10 months ago IST
Central bank data showed that bank credit to the private sector considered an engine of economic growth, dropped over fivefold in the period under review during the current difficult times. It clearly showed that businesses had been badly hit by the ongoing economic and political crisis.
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After US bank failures, agencies directed to analyse deposit insurance mec
Updated : 2 years, 10 months ago IST
Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg directed the relevant agencies to conduct an analysis of the current deposit insurance framework and identify reform options as well as additional tools that can be used to maxi
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US Covid vaccine requirement for international travellers ends May 11: Whi
Updated : 2 years, 10 months ago IST
In a statement, the White House said, "Today, we are announcing that the Administration will end the COVID-19 vaccine requirements for Federal employees, Federal contractors, and international air travellers at the end of the day on May 11, the same day that the COVID-19 public health eme
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First Republic Bank in San Francisco closed by CDFPI
Updated : 2 years, 10 months ago IST
First Republic Bank in San Francisco, California was closed on Monday by the California Department of Financial Protection and Innovation (CDFPI), which appointed the Federal Deposit Insurance Corporation (FDIC) as a receiver, the FDIC said in a press release.
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Media Advisory: Livestream of Petersburg Climate Dialogue Speeches and Pre
Updated : 2 years, 10 months ago IST
Abu Dhabi [UAE], May 1 (ANI/PRNewswire): 2 / 3 May 2023, the Petersberg Climate Dialogue will take place at the Federal Foreign Office, at the invitation of German Foreign Minister, Annalena Baerbock, and COP28 President-Designate, Dr Sultan Al Jaber.
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Another US bank closed, JP Morgan to acquire assets of First Republic Bank
Updated : 2 years, 10 months ago IST
US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an agreement with JP Morgan Chase Bank to purchase and assume all deposits and assets of the troubled bank in a bid to protect depositors.
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Global economy staring at possibility of slowdown as fears re-emerge over
Updated : 2 years, 10 months ago IST
According to Jahnavi Prabhakar who authored the report, a lot is at stake for Federal Reserve now, as it considers the next rate action given the stubbornly high inflation, elevated wage growth, credit crunch scenario and uncertainty in global growth.
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Markets next week: Focus on Adani stocks, auto sales, Federal Open Market
Updated : 2 years, 10 months ago IST
Investors' sentiments across the world by and large will be influenced by the FOMC meeting outcome. It is expected that the European Central Bank (ECB) will announce its interest rate decision on May 4.
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Federal Reserve examines factors that contributed to failure of Silicon Va
Updated : 2 years, 10 months ago IST
The US Federal Reserve Board on Friday announced the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S Barr.
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Indian-origin pleads guilty to securities fraud for overstating revenue to
Updated : 2 years, 10 months ago IST
Manish Lachwani, 47, founded the company, HeadSpin, in 2015 and pleaded guilty in San Francisco federal court on Thursday for his scheme to dupe potential investors into supporting his company, according to a statement
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Regulatory standards for failed Silicon Valley Bank "were too low", finds
Updated : 2 years, 10 months ago IST
Regulatory standards for the recently failed Silicon Valley Bank in the US "were too low" and the supervision did not work with sufficient force and urgency, a review of the supervision and regulation of the bank led by US Federal Reserve Vice Chair for Supervision Michael S Barr found.
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