Showing 1 - 10 of 63
US Fed official calls for increase to bank capital requirements
AFP, Published on 10/07/2023
» WASHINGTON - A senior Federal Reserve official has proposed raising capital requirements for large and mid-sized US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
OECD lifts world GDP growth forecast to 2.7%
AFP, Published on 07/06/2023
» PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".
Fed begins talks that could herald end of rate hikes
Published on 02/05/2023
» WASHINGTON: The US Federal Reserve on Tuesday opened a two-day meeting to decide whether to raise its benchmark lending rate for a 10th — and possibly final — time to tackle rising prices.
SVB's collapse shows Fed failure to supervise banks
Oped, Published on 02/05/2023
» The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world. Although Federal Reserve officials have taken pains to assure the public that the US banking system is sound, it is unclear why anyone should believe them. After all, Fed Chair Jerome Powell told Congress the same thing just days before SVB's collapse in March.
JPMorgan buys First Republic after regulators seize control
AFP, Published on 01/05/2023
» NEW YORK - US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.
Baht all safe and sound
Business, Wichit Chantanusornsiri, Published on 24/04/2023
» While the recent banking debacle in the US and Europe sparked fears about a contagion spreading worldwide, the head of Thailand's Deposit Protection Agency (DPA) said since the agency's establishment in 2008, Thailand has never been close to requiring action to protect deposits.
Money market funds lure investors with returns
Business, Nuntawun Polkuamdee, Published on 19/04/2023
» Depositors have started to move their money from bank accounts to money market funds, in part because of ongoing concerns about the banking crisis and also offers of higher returns, according to a recent report from financial services company Morningstar.
Crypto spikes as SEC reassures public
Business, Nuntawun Polkuamdee, Published on 12/04/2023
» The price of Bitcoin surpassed US$30,000 on Tuesday, the highest level in 10 months, becoming the asset with the highest return year-to-date as investors become increasingly optimistic that the United States Federal Reserve (Fed) will soon end its aggressive monetary tightening.
Rebalance your portfolio
Business, Published on 03/04/2023
» Investors have been keeping an eye on assets offering a decent return this year amid global market volatility and an economic slowdown.
Oil powers announce surprise cuts of more than 1 million bpd
AFP, Published on 03/04/2023
» RIYADH - Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market.