50 More US Banks Could Fail – Lehman VP
Another 50 regional banks in the US could fail in the US banking crisis if authorities do not take immediate action to resolve structural issues in the sector, according to…
Russian Crude Shows Little Sign Of Promised 500,000bpd Production Cut
On Tuesday, Bloomberg reported that shipments of Russian seaborne crude declined last week, however there is no indication that Moscow has implemented the 500,000 barrel per day cut in production…
Elon Musk Says All Deposits Must Be Insured By Government
In a Twitter post on Tuesday, Elon Musk proposed that the only way to keep panicked depositors from pulling their money out of US banks would be to do away…
Fed Raises Rates 25 Basis Points, Signals End Of Hikes Approaching
On Wednesday, the Federal Reserve raised the target range for its benchmark interest rate by 25 basis points, as it weighs the importance of stifling a stubborn inflation, compared to…
Russian Tech Firms Appeal Nasdaq Delisting
Four Russian tech companies have filed an appeal of the Nasdaq decision to delist their stocks from its exchange. Internet search giant Yandex, e-commerce company Orzon, online recruitment platform HeadHunter,…
France Taps Its Strategic Fuel Reserves
The French Energy Ministry has revealed that the nation has been drawing upon its strategic national reserves of fuel, “in a targeted manner,” since the beginning of March. In a…
Credit Suisse Deal Casts Shadow Over Swiss Banking Sector
In an interview with CNBC on Tuesday, Opimas CEO Octavio Marenzi said that Switzerland’s once stellar reputation as a global financial hub is being undermined by the fiasco surrounding the…
Russia To Ditch Dollar And Euro For Yuan In International Settlements
On Tuesday, while meeting with Chinese president Xi Jinping, who is in Moscow for a three day official visit, Russian President Vladimir Putin said that Russia is prepared now to…
Indonesia Introduces Its Own Credit Card System
The Bank of Indonesia is setting the stage to phase out Visa and Mastercard, in favor of a new domestic payment system it is introducing, according to a Monday report…
Finland Continues To Import Gas From Russia
On Monday, the Yle news outlet reported that the Finnish state-run energy provider Gasum, is going to continue to buy gas from Russia, according to a statement from the company.…
