What happens when $2 trillion is sucked out of the global economy? It may not be pretty
Central banks have been credited with averting a global depression twice over the past 15 years: Once after the 2008 financial crisis, and again at the height of the coronavirus pandemic.
2023-05-19 23:54
Janet Yellen told bank CEOs more mergers may be necessary, sources say
During Thursday's meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be necessary as the industry continues to navigate through a crisis, two people familiar with the matter told CNN.
2023-05-19 23:22
Colombia Inflation Hit ‘Turning Point’ in April, Central Bank’s Villar Says
Colombia’s inflation hit a “turning point” last month when it slowed after almost two consecutive years of constant
2023-05-19 23:15
Ramaphosa Abandoned by Key Support Base Over South Africa Policy Missteps
South African President Cyril Ramaphosa has lost the confidence of a key constituency. Five years after ushering in
2023-05-19 22:45
Vale Moves Ahead With $2.7 Billion Amazon Mining Expansion in Clean-Steel Bet
Vale SA is plowing ahead with a $2.7 billion investment to expand iron output in Brazil’s Amazon, betting
2023-05-19 21:56
Morgan Stanley CEO Gorman to Step Down Within 12 Months
Morgan Stanley’s James Gorman plans to step down as chief executive officer in the next 12 months and
2023-05-19 21:20
Lagarde Sees Key Juncture as ECB Needs Sustainably High Rate
The European Central Bank is at a key juncture because it needs to keep persevering with its monetary
2023-05-19 20:49
What are the sanctions on Russia and are they hurting its economy?
Western nations have imposed severe measures against Russia over its invasion of Ukraine.
2023-05-19 19:54
India's forex reserves edge towards $600 billion, hit near 1-year high
MUMBAI India's foreign exchange reserves rose for a third consecutive week and stood at $599.53 billion for the
2023-05-19 19:53
Trafigura Says Accused Fraudster’s Wife No Innocent Bystander
Commodities trader Trafigura Group, which is investigating a $577 million nickel fraud, extended an asset freeze to the
2023-05-19 19:46
Investors still pouring into cash, but pace slows - BofA
LONDON Investors pumped $25.1 billion into cash in the week to Wednesday, bought $5.6 billion of bonds and
2023-05-19 18:53
Marketmind: Hopeful ahead of the weekend
A look at the day ahead in U.S. and global markets from Yoruk Bahceli. Markets are heading into the weekend
2023-05-19 18:25