Shoppers look at gold ornaments at a jewelry store in Beijing. [PHOTO by JIANG DONG/CHINA DAILY]Experts expect volatility as appetite for risk down due to global lenders\’ woesCrude oil and gold prices
Tag: banks
Interview: SVB crisis highlights importance of banking regulation, says financial expert
LONDON, March 16 (Xinhua) — The recent collapse of U.S. lender Silicon Valley Bank (SVB) has once again demonstrated the importance of banking regulation in terms of reducing risks, a London-based fi
SVB collapse, Credit Suisse crisis pose no risk to Spain\’s banks: expert
MADRID, March 16 (Xinhua) — The chair and chief executive officer of the Spanish Banking Association (ABE), Alejandra Kindelan, on Thursday assured that there was \”absolutely\” no risk of contagion fr
U.S. Fed aggressive rate hikes shock financial system, further restraining operations
TOKYO, March 17 (Xinhua) — As the shocking collapse of U.S. Silicon Valley Bank (SVB) triggered turmoil in global financial markets, Japanese media and experts blamed the U.S. Federal Reserve\’s conti
U.S. politicians ratchet up blame game after meltdown of Silicon Valley Bank
People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. (Photo by Li Jianguo/Xinhua)WASHINGTON, March 15 (Xinhua) — U.
Cambodian PM says U.S. bank failures not affect kingdom\’s banking industry
PHNOM PENH, March 16 (Xinhua) — Cambodian Prime Minister Samdech Techo Hun Sen said Thursday that the recent fall of Silicon Valley Bank and Signature Bank in the United States would not affect the k
Moody\’s downgrades outlook on U.S. banking system to negative
NEW YORK, March 14 (Xinhua) — Rating agency Moody\’s slashed its outlook on the entire U.S. banking system to negative in the wake of recent bank turmoil in the country.\”We have changed to negative fr
Macao\’s new residential mortgage loans drop 52.3 pct in January
MACAO, March 13 (Xinhua) — The new approvals of Macao\’s residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both decreased month-on-month in January, the special administrative
Suspected money laundering cases in Japan hit record high in 2022
TOKYO, March 2 (Xinhua) — A record 583,317 transactions of suspected money laundering were reported to Japanese authorities in 2022, up 53,167 from the previous year, National Police Agency data show
India launches mobile fast payment system for foreign travelers
NEW DELHI, Feb. 21 (Xinhua) — India\’s central bank, the Reserve Bank of India (RBI), has announced a payment facility for in-bound foreign travelers by using mobile-based fast payment system \”Unified