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Global banking crisis fears and more economy news this week
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: Banking crisis fears ripple through global markets; Silicon Valley Bank collapse – what happened and what it means; People in UK face biggest drop in spending power for 70 years. 1. Banking crisis fears send shockwaves through markets Fears of a global banking crisis increased following a slump in the share price of Swiss bank Credit Suisse and the collapse of US lender Silicon Valley Bank. Credit Suisse’s share price dropped 24{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} on 15 March after its largest investor said it could not provide the bank with more money. The bank has…
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Adani crisis ignites Indian contagion fears, credit warnings
Each residences of parliament adjourned amid row Flagship Adani business plunges 35{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} at one point Moody’s warns will obtain it harder to raise cash NEW DELHI, Feb 3 (Reuters) – Economical contagion fears unfold in India on Friday as the Adani Group’s disaster worsened, with rankings agency Moody’s warning the conglomerate may battle to increase capital and S&P reducing the outlook on two of its corporations. Chaotic scenes in both of those properties of India’s parliament led to their adjournment on Friday as some lawmakers demanded an inquiry after a extraordinary meltdown in the inventory market values of Indian billionaire Gautam Adani’s corporations. The disaster was induced by a Hindenburg…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZCBLZFTVOBJ5VO6T54IKZBEFYI.jpg "Banking stability worries go behind closed doors at IMF-World Bank meetings")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/DYIEZ5RTSZMMHNRADTT6AKSZLM.jpg "Adani crisis ignites Indian contagion fears, credit warnings")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/KSSQ4S2INBOHRDBWM7UGH5KYBQ.jpg "New BOJ chief’s message to world: We’re staying the course – for now")
