IMF’s 2023 global growth estimate of 2.8 percent is ‘most worrisome’ as it projects weak growth over a longer period,…
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US wholesale inflation pressures eased sharply last month | Business and Economy News #wholesale #inflation #pressures #eased #sharply #month #Business #Economy #News
Plunging energy prices pulled down the government’s producer price index which reflects prices charged by manufacturers. US wholesale prices fell…
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G7 finance heads vow financial stability, supply chain diversity | Financial Markets #finance #heads #vow #financial #stability #supply #chain #diversity #Financial #Markets
Group of Seven (G7) finance leaders have pledged to take action to maintain the stability of the global financial system…
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Tesla sales rise post price cut but fall short of expectations | Business and Economy #Tesla #sales #rise #post #price #cut #fall #short #expectations #Business #Economy
The growth rate in Tesla’s sales, while impressive, was below the pace needed to reach the company’s pledge to increase…
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Yanis Varoufakis on why we should ‘let the banks burn’ | Business and Economy #Yanis #Varoufakis #banks #burn #Business #Economy
From: UpFront ‘It is absolutely impossible to stabilise a banking system which has been built, designed almost, to be unstable.’…
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US says Credit Suisse violated deal on rich clients’ tax evasion | Business and Economy News #Credit #Suisse #violated #deal #rich #clients #tax #evasion #Business #Economy #News
Credit Suisse has violated a plea agreement with American authorities by failing to report secret offshore accounts that wealthy Americans…
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Bangladesh in a hot seat over Adani’s power deal | Business and Economy #Bangladesh #hot #seat #Adanis #power #deal #Business #Economy
In mid-March, Bangladesh started testing the transmission of electricity from a massive 1,600 MW coal-fired plant in neighbouring India that…
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Saudi National Bank chair resigns after Credit Suisse storm #Saudi #National #Bank #chair #resigns #Credit #Suisse #storm
DUBAI, United Arab Emirates — The chairman of Saudi National Bank has resigned for “personal reasons,” a regulatory filing said…
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Deutsche Bank shares drop amid global jitters over banks #Deutsche #Bank #shares #drop #global #jitters #banks
FRANKFURT, Germany — Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor…
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Credit Suisse-UBS deal offers hope, but bank doubts persist #Credit #SuisseUBS #deal #offers #hope #bank #doubts #persist
LONDON — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire…
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