The global banking sector has witnessed a significant surge in its stocks as Credit Suisse, one of the major players in the industry, taps into the central bank for emergency funding. The move comes as the Swiss bank faces a financial crisis due to its exposure to hedge funds that collapsed in the wake of … Read more
In the world of big tech, few words are spoken as frequently and passionately as “capitalism.” The tech giants embrace it, extoll its virtues, and champion it as the surest path to societal advancement. Yet, when the going gets tough, these same companies seem to forget about their free-market principles and prioritize self-preservation above all … Read more
Senior reporter Zhong Zhipeng / Report from Taipei ▲The Indian child prodigy predicted that terror would return to China, North Korea fired another missile, the New Zealand earthquake, and Taiwan beware of 9 things. (Picture / flip from CDC, US Tsunami Warning System website) Please read on…. The prophecy of the Indian prodigy came true … Read more
The Taoiseach of Ireland, Micheál Martin, has remained calm and assured in the face of recent market jitters, which have been sparked by Credit Suisse’s involvement in a series of hedge fund losses. Despite concerns about the stability of Irish banks, Martin has stated that he is “not concerned” about the impact of the Credit … Read more
Jakarta – The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan highlighted the bankruptcy Silicon Valley Bank (SVB). Luhut said that the world is faced with interrelated crises. “The world is currently facing a poly crisis, a multidimensional crisis that is interrelated,” he said at the 2023 Indonesia Leading Economic Forum, Jakarta, Tuesday … Read more
First modification: 14/03/2023 – 20:47 02:01 The US president, Joe Biden, welcomed the slowdown in inflation, although he warned that the path to stability will not be without “setbacks”. The Central Bank is facing a lot of scrutiny for its measures to curb inflation, especially now after the Silicon Valley Bank debacle and fears of … Read more
Jakarta – Europe’s largest bank HSBC will buy branches Silicon Valley Bank (SVB) in England. This was done to secure customer deposits following the bankruptcy of its parent company in the United States (US). Reported from CNN Business, Tuesday (14/3/2023), HSBC announced a purchase agreement worth 1 pound sterling or the equivalent of IDR 18,667. … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/2ZYZ5GRDMVHG5P2DUEW3ODMDJ4.jpg "Asian stocks fall as interest rate bets shift")
The asian equities fell on Tuesday, while the fixed rent of the region rebounded, since the bankruptcy of the Silicon Valley Bank continued to affect the world markets. He Japan Topix Index fell more than 3 percent, with banks and insurers taking the brunt, after the index KBW Bank registered on Monday its biggest drop … Read more
Jakarta – Minister of Finance Sri Mulyani Indrawati revealed the cause of bankruptcy Silicon Valley Bank (SVB). According to Sri Mulyani, one of the triggers for SVB’s bankruptcy was the decline in the performance of startup companies Sri Mulyani explained that SVB is a very special bank. SVB funding is only given to start-up companies … Read more
Jakarta – The Financial Services Authority (OJK) assesses the closure Silicon Valley Bank (SVB) by the United States Federal Deposit Insurance Corporation (FDIC) on March 10, 2023 will not have a direct impact on the Indonesian banking industry. According to OJK Banking Supervision Chief Executive Dian Ediana Rae, the closure of SVB is not expected … Read more