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First Republic secures USD 30-bn lifeline from largest US banks
Updated : 2 years, 12 months ago IST
The USD 30-billion infusion will give the struggling San Francisco lender much-needed cash to meet customer withdrawals and buttress confidence in the US banking system during a tumultuous moment for lenders, CNN Business said.
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US bails out SVB depositors, says will get all their money back
Updated : 3 years ago IST
"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer," read the statement.
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US Treasury Secretary Yellen rules out bailout for bankrupt Silicon Valley
Updated : 3 years ago IST
"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs," she added.
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Sri Lankan President welcomes financial assurances from creditors, highlig
Updated : 3 years ago IST
Wickremesinghe stated that he and Sri Lanka's Central Bank Governor signed the agreement and sent it to IMF. He noted that a response from IMF is expected this month followed by funds from World Bank and Asian Development Bank.
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Chinese authorities continue persecuting Tibetans for their culture, belie
Updated : 3 years ago IST
According to Tibet Rights Collective, Tibetan Uprising Day is observed on March 10 each year. It commemorates the 1959 Tibetan uprising, which ultimately resulted in a violent crackdown on Tibetan independence movements and in the flight of the Dalai Lama into exile.
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FM Sitharaman discusses debt restructuring with heads of World Bank, IMF
Updated : 3 years ago IST
Sitharaman co-chaired debt roundtable jointly with IMF MD Kristalina Georgieva and World Bank chief David Malpass. The G20 delegations also had a meeting with tech innovators at IISc.
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China, Russia had reservations on Bali Leaders' Declaration, that's why we
Updated : 3 years ago IST
During the press conference held jointly by the finance ministry and the Reserve Bank of India on the G20 Presidency and the outcome of the G20 meeting, the finance minister said, "Indian Presidency got strong support for all our priorities. I am grateful to the US Secretary Janet Yellen
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US Treasury Secretary holds meeting with chiefs of Indian IT companies in
Updated : 3 years ago IST
Yellen, who arrived in India for the G20 Finance Ministers meeting, held a meeting with the Chief of various IT companies like Infosys Technologies Limited Nandan Nilekani, Wipro's head Rishad Premji and others in Bengaluru.
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US Treasury Secretary pitches for 'friendshoring approach' with India to b
Updated : 3 years ago IST
The treasury secretary said, "We are doing this by strengthening integration with our many trusted trading partners -- including India. We are seeing progress; as an example; technology companies like Apple and Google have expanded their phone production in India."
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Apple-Google expanded phone production in India, eager to deepen ties with
Updated : 3 years ago IST
United States Treasury Secretary Janet Yellen was speaking at the roundtable with US and Indian Tech Business Leaders in Bengaluru on the sidelines of the first Finance Ministers and Central Bank Governors meeting under the India's G20 Presidency.
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Sitharaman meets US Treasury Secy, leaders from several countries ahead of
Updated : 3 years ago IST
Before her meeting with Jeremy Hunt, she had met US Treasury Secretary Janet Yellen, Argentina Minister of Economy Sergio Tomas Massa, Japan Finance Minister, Japanese Finance Minister Shunichi Suzuki and Indonesia Finance Minister Sri Mulyani Indrawati.
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We will continue to impose further sanctions on Russia: US
Updated : 3 years ago IST
Yellen said that their sanctions have had a very significant negative effect on Russia so far.
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