Introduction On March 29, 2023, Canadian Finance Minister Chrystia Freeland presented the budget for 2023, highlighting a major focus on green investments, healthcare, and aid for low-income households. The budget aims to level the playing field with the United States, which passed a series of massive incentives in the Inflation

Introduction: The sudden collapse of two U.S. regional lenders has raised concerns over the risk management of banks. Silicon Valley Bank (SVB) and Signature Bank’s collapse triggered a broader loss of investor confidence in the banking sector, pummeling stocks and stoking fears of a full-blown financial crisis. In this article,

Pricing of swaps linked to scheduled Federal Reserve meetings now suggest that a quarter-point hike is more likely than not at the central bank’s next meeting in May. This is significant news for those invested in the markets, as the decision to hike interest rates will have an impact on

The Federal Reserve’s top regulatory official, Fed Vice Chair for Supervision Michael Barr, has reassured Congress that regulators are committed to ensuring all U.S. bank deposits are safe. In prepared testimony, Barr added that the banking system is “strong and resilient.” However, the Fed is reviewing its actions leading up

President Joe Biden suggests tapping federal deposit insurance for deposits exceeding $250,000 if other U.S. banks fail, expressing confidence in the survival of mid-sized U.S. banks. Background and Introduction On Friday, President Joe Biden made a statement suggesting that federal deposit insurance could be used for deposits exceeding $250,000 if

The European Union and Germany have agreed on the future use of combustion engines, a decision that has been closely watched by the automotive industry. The deal was announced on Saturday and has significant implications for the future of transportation. The agreement between the EU and Germany comes as many

India’s Finance Minister recently urged state-run banks to evaluate their financial health and identify concentration risks and adverse exposures amidst turbulence in the global banking sector. This article provides an in-depth analysis of the situation. India’s Finance Minister recently held a meeting with chiefs of state-run banks in New Delhi

Introduction: Pakistan and the IMF have been in negotiations for a loan agreement worth $1.1 billion since early February. The agreement aims to provide financial assistance to the cash-strapped, nuclear-armed country of 220 million people. The IMF has confirmed that the agreement will be signed once the remaining points, including

Wall Street’s main indexes were headed for a lower open on Friday as concerns over the banking sector’s health sapped the appetite for financial stocks. This comes as investors remain wary of a potential liquidity crisis in the banking sector that could restrict lending and ultimately trigger a severe recession.

The euro and sterling have declined sharply against a strengthening dollar due to nervousness over the banking sector. Despite better-than-expected economic data, sentiment remains low as banking stocks have plunged in Europe. Heavyweights Deutsche Bank and UBS Group have been hit hard by concerns that the worst problems to hit

Argentina has ordered public sector bodies to sell or exchange their holdings of 11 sovereign dollar bonds as the country tries to reorganize its debt amidst rising inflation and dwindling foreign reserves. Argentina’s Move to Reorganize its Debt Argentina has been struggling with its economy for years, with inflation soaring