Swiss Central Bank raises the key interest rate by 1.5%, announces an end to the banking crisis
The Swiss Central Bank stated that an additional rate hike will be necessary to guarantee price ...
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The US Debt Ceiling Crisis- What is it and How Likely Is a US Default?
As the US government inches closer to a government default - estimated to occur no later ...
Russian battalions drizzle missiles on Kyiv on 24th February 2022; Russia-Ukraine crisis deepens
Russian troops drizzled missiles on Ukrainian cities, including the capital city of Kyiv, and landed forces ...
Vietnam Undertakes Rescue Effort of $24 Billion for SCB Amidst Financial Fraud
In the middle of all this chaos, SCB found itself gushing deposits, alarming 80% depletion recorded ...
The Rise of Stablecoins – How Asian Markets Are Setting the Regulatory Benchmark
Among 68 stablecoins scrutinized, not a single one has maintained a consistent peg to its designated ...
IMF Revises Global Economic Outlook For 2023 – Higher Estimates With Certain Warning
IMF has noted that the current outlook for emerging markets and developing economies for 2023-24 is ...
Saudi Aramco’s Q1 Profit Declined To $31 Billion
Saudi Aramco, the oil giant, announced its earnings for the first quarter on Tuesday. It recorded ...
First Republic Teeters on the Brink, Raising Fears of a Global Meltdown
First Republic Bank has lost more than 50% of its market value in just this week, ...
Capital Bond-Issuance by China’s regional banks sees a 70% drop in Q1 2023
Capital Bonds analysts explain the reasons for the substantial drop. The 954-billion-yuan market for capital bonds ...
OPEC+ announces surprise million-barrel cut from May as a ‘precautionary measure’
The OPEC+ oil producers have called the decision a ‘precautionary measure’ directed at supporting the stability ...
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