Showing 1 - 5 of 5
Markets in turmoil as US closes Silicon Valley Bank
AFP, Published on 11/03/2023
» SANTA CLARA (UNITED STATES) - US regulators shut down Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.
China's economy grew 8% in 2021 but property, virus threats loom: AFP poll
AFP, Published on 15/01/2022
» BEIJING - China's economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property sector slowdown.
South Dakota, one of the US states to match the world's top tax havens
AFP, Published on 06/10/2021
» WASHINGTON: Far from the mountains of Switzerland or the beaches of the Caribbean, South Dakota has become a poster child for the American states that have loosened their tax laws to attract wealthy investors.
US fines Citibank $400m for poor risk management practices
AFP, Published on 08/10/2020
» NEW YORK:US authorities fined Citibank $400 million over deficiencies in risk management practices and required an overhaul of internal controls at the global financial powerhouse, officials announced Wednesday.
China stocks take step forward with MSCI nod
AFP, Published on 31/05/2018
» SHANGHAI - Equities index compiler MSCI will on Friday include mainland China-listed companies on its benchmark indices, giving many foreign investors their first exposure to Chinese shares.