Treasury Secretary Janet Yellen said on Wednesday she expects to provide Congress with an update in the next two weeks on how close the federal government is to defaulting on its debt. In an interview with Bloomberg News in Niigata, Yellen said: “I don’t want to go into specifics as to when we’ll have an … Read more
The administration stated that the company’s electricity purchase price increased by two billion to five billion CZK year-on-year last year, but the company covered the difference by distributing traction energy to carriers, from which it earned almost CZK two billion. “After last year’s difficult situation on the energy market, which made it significantly more difficult … Read more
Another potential risk to the U.S. economy, should the federal government default, is higher mortgage rates. Without the debt ceiling hike, mortgage rates could rise to 8.4%, a 22% increase in average household mortgage payments and a slump in real estate sales, according to a report by property firm Zillow. If you borrow $500,000 at … Read more
Sources revealed to Bloomberg that it is scheduled to close the order book for selling an additional 10% stake in Telecom Egypt later today, Thursday. According to the agency, the price range per share ranges from 22.22 to 27.16 pounds, while the number of shares offered is 170.7 million shares. It stated that the 10% … Read more
The Credit Derivatives Determination Committee (CDDC), which oversees the credit default swap (CDS) market, has announced that Credit Suisse Group’s Other Tier 1 Notes (AT1 Notes) have been declared worthless in a credit event. I was asked to judge whether it would be. CDDC on websiteannouncementMarket participants have submitted a letter asking whether Credit Suisse’s … Read more
The meeting of finance ministers and central bank governors of the seven major countries (G7) will open in Niigata City on the evening of the 11th for three days. Regarding the global economy, which is the focus of the first day, we will discuss the impact of financial instability originating in the United States and … Read more
US Republican Rep. Santos (34, New York), who is suspected of falsifying his background, was arrested by federal prosecutors on the 10th. A grand jury indicted him on 13 counts as of Thursday, including fraud and money laundering, embezzlement and fraud. The indictment was released on the 10th. Santos has been under investigation for five … Read more
learning goals The participants receive an overview of the sustainability-related information requirements in the brokerage of financial and insurance investments. You will get to know the innovations of the Disclosure Ordinance and the legal basis of the ESG consulting obligations. content In this online training you will receive the following information from your instructor: Legal … Read more
In the US stock market on the morning of the 9th,Pacwest Bancorp andRegional bank stocks such as Western Alliance Bancorp have resumed declines. Pacwest dropped 10% at one point, falling for the first time in three trading days. On the 5th, it played the biggest rise since the listing. Western Alliance lost 7.7% in the … Read more
“Help for refugees is a task for society as a whole, which the state and the municipalities meet with great commitment and financial commitment. However, only the federal government and the European Union can influence the number of refugees coming to Germany and Hesse. The federal government is therefore also particularly obliged to finance refugee … Read more