NEW YORK, March 24 (Xinhua) — U.S. stocks finished higher in volatile trading on Friday despite worries about the health of the banking sector. The Dow Jones Industrial Average rose 132.28 points, or 0.41 percent, to 32,237.53. The S&P 500 added 22.27 points, or 0.56 percent, to 3,970.99. The Nasdaq Composite Index increased 36.56 points, […]
New Delhi [India], March 24 (ANI): Delhi Lieutenant Governor VK Saxena on Thursday visited all three landfill sites at Ghazipur, Okhla and Bhalswa and took stock of the progress of the ongoing waste remediation and disposal works. Notably, the National Green Tribunal (NGT) has in its order dated February 16, 2023, constituted a High-Level Solid […]
© Provided by Xinhua Fed Chair Jerome Powell said the rate-setting committee considered a pause in rate hikes in light of the banking crisis. Yet stubbornly high inflation and a strengthening labor market in early 2023 ultimately persuaded Fed officials they needed to raise rates again, he said. NEW YORK, March 22 (Xinhua) — U.S. […]
New Delhi [India], March 22 (ANI): The earthquake tremours on Tuesday evening caused panic among people across several cities in North India. People in north India including in Delhi and adjoining areas felt earthquake tremors on Tuesday evening with many people coming to open spaces as a precautionary measure. National Centre for Seismology said that […]
NEW YORK, New York – U.S. stocks rallied on Monday following the weekend buy-in of Credit Suisse by UBS, which eased fears about the state of the global banking system. “There’s just a fundamental issue here,” Eric Diton, president and managing director of The Wealth Alliance told CNBC Monday. “People who are holding uninsured deposits […]
Banking giant UBS has reached a deal to acquire its ailing rival Credit Suisse UBS Group and Credit Suisse Group, two of the biggest names in European banking, are coming together in a government-brokered deal aimed at shoring up public confidence in the Western financial system and averting a global crisis. UBS agreed on Sunday […]
UBS AG was mulling a takeover of its embattled Swiss peer Credit Suisse Saturday, sources said, which could allay fears that an unfolding crisis at the bank might destabilize the global financial system. The 167-year-old Credit Suisse is the biggest name ensnared in the turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank […]
NEW YORK, New York – A dramatic fall in First Republic Bank’ shares, despite a $30 billion lifeline extended to the bank a day earlier by U.S. bank giants, unsettled markets on Friday. First Republic shares lost $11.21 per share or 33 percent to close Friday at $22.96. “There’s nervousness into the weekend of: How […]
The US and UK are trying to scrounge up ammunition for a ‘spring offensive,? officials say A New York Times story on Thursday suggested that the US and its allies are running out of ammunition they can supply to Ukraine, while Kiev is using up the troops and shells that will be needed for a […]
© Provided by Xinhua Wall Street’s three major indexes suffered steep losses earlier in the day, which saw the Dow slump more than 700 points at its session lows, after news that the Saudi National Bank, a top shareholder of Credit Suisse, said it would not make further investments in the firm. NEW YORK, March […]
