Economy

U.S. Federal Reserve officials meet next week again chasing persistent inflation but now balancing that against the first acute tremors from the aggressive interest rate hikes the central bank approved over the past year. The sudden…
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U.S. President Joe Biden said Monday that no losses will fall on taxpayers, as the government acts to try to contain a potential crisis from the failure of two major banks. “The American people and American businesses can have confidence…
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India's state minister for technology said on Sunday he will meet startups this week to assess the impact on them of Silicon Valley Bank's collapse, as concerns rise about the fallout for the Indian startup sector.  California banking…
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The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their…
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China reappointed Yi Gang as head of the central bank Sunday to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change during a period of uncertainty in the world's second-largest…
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Oil giant Saudi Aramco reported Sunday its profits surged to $161 billion last year off higher crude prices, a record result for an energy firm crucial to the kingdom's economy. The firm, known formally as the Saudi Arabian Oil Co., said…
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Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. The Federal Deposit Insurance Corporation insures…
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Oil giant Saudi Aramco reported Sunday its profits surged to $161 billion last year off higher crude prices, a record result for an energy firm crucial to the kingdom's economy. The firm, known formally as the Saudi Arabian Oil Co., said…
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It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after…
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The United States rushed to seize the assets of Silicon Valley Bank on Friday after it experienced a run on the bank. Silicon Valley, the nation's 16th-largest bank, failed after depositors — mostly technology workers and venture…
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