London – Increased tension due to global geopolitical activities and signs of economic recession has caused central banks to turn their stance towards gold, which is considered a safe investment now. In the first nine months of 2023, central banks have purchased more than 800 tonnes of gold. According to the information shared by the […]
Read More »
Washington: The Federal Reserve’s report revealed that with the US citizens withdraw $78 billion from banks in just one week having withdrawn $78 billion from banks in just one week, it has emerged that the US Banking sector crisis is not yet over. In April, people withdrew $100 billion from the leading bank, First Republic. […]
Read More »
Beijing – The ruling communist government of China has informed the leading banks of the country to reduce the interest rate. Reduce the interest rate from half to one per cent, it has been said in this information, a Western newspaper has said in its news. For the second time in the last year, the […]
Read More »
Washington: Hoover Institute has warned that 2000 banks in the United States are on the verge of bankruptcy. A few days back, JP Morgan Chase announced the takeover of First Republic Bank. This was the fourth bank to have collapsed in the last three months. The failure of the First Republic may not be the […]
Read More »
Washington – The world is worried after the bankruptcy of Silicon Valley Bank-SVB of the United States and the Credit Suisse of Switzerland. Warnings are being given that some more banks in the United States and Europe will go bankrupt in the future. Due to this, some economists have warned that an even worse economic […]
Read More »
London: Leading organisations like the International Monetary Fund (IMF) and the World Bank have warned of increasing global economic instability. With these warnings, taking note of the recession-like environment in the economy, the leading Central Banks of the world have started taking steps for it. Besides, the world’s leading Central Banks have turned to buying […]
Read More »
Washington – Leading economist Nouriel Roubini gave a sensational warning that hundreds of banks in America have already gone bankrupt. In an article written under Project Syndicate, Roubini warned that US banks could lose up to 80 percent of their available capital through unrealized losses. In just one week last month, three US banks went […]
Read More »
Washington: Former Lehman Brothers official has warned that more than 50 banks in the US are likely to face bankruptcy if the structural problems are not addressed. Lehman Brothers, one of the largest banks in the US, collapsed in 2008, which triggered a worldwide economic recession. Lawrence McDonald, a former executive of Lehman Brothers, has […]
Read More »
New Delhi – The government has instructed Indian traders and banks to avoid using the Chinese Yuan while doing business with other countries. Claims are being made that the government gave this instruction and the Reserve Bank of India as relations between India and China are strained. The news about this has been published by […]
Read More »
Washington/London/Brussels: The world’s leading central banks have again announced interest rate hikes, amid signs of a global economic slowdown. The European Central Bank, the Bank of England, and the US Federal Reserve increased interest rates. The Federal Reserve increased by 0.25 per cent, and the United States’ interest rate reached 4.75 per cent. Jerome Powell, […]
Read More »
