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  • Six Pacific Countries At High Risk Of Debt Distress – World Bank

    Six Pacific Countries At High Risk Of Debt Distress – World Bank0

    Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. The report, titled Raising Pasifika, said fiscal consolidation was needed in Kiribati, Republic of the Marshall Islands, Federated States of Micronesia, Samoa, Tonga

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  • Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast

    Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast0

    Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – rose 5% year-on-year in March, lower than the 5.5% rise seen in February. A Reuters poll of economists had forecast a 5.1% increase

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  • Silvergate’s planned liquidation fuels another crypto rout

    Silvergate’s planned liquidation fuels another crypto rout0

    one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank (NASDAQ:SBNY) and former Silvergate partner

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  • Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded

    Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded0

    Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal

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  • Shell, Chevron And Petrobras Weigh Guyana Oil Auction Bids -Sources

    Shell, Chevron And Petrobras Weigh Guyana Oil Auction Bids -Sources0

    Guyana’s coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell (LON:RDSa), Petrobras and Chevron , to consider the decade’s hottest oil region, people close to the matter said. The South American country is offering 14 offshore blocks, a move to speed economic development and reduce an Exxon Mobil-led consortium’s

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  • Sensex, Nifty Start On A Positive Note, Tracking Global Stocks Surge

    Sensex, Nifty Start On A Positive Note, Tracking Global Stocks Surge0

    The BSE Sensex index surged 494.54 points, or 0.84 percent, to 59,269.26, and the NSE Nifty jumped 149.70 points, or 0.85 percent, to 17,672.15. The Nifty IT index climbed 1.6 percent after four straight sessions of losses, while the Nifty Metal index added 2 percent. From the Sensex pack, Titan, Tech Mahindra, Mahindra & Mahindra,

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