ShreeMetalPrices: UBS buys Credit Suisse in $3.25B to halt banking turmoil
The acquisition of Credit Suisse with UBS will produce a banking titan unprecedented of in Switzerland’s history, where in banking is a vital part of country’s identity. Here are the key terms of the 3.25 billion dollar settlement. Which was reached on Sunday following protracted negotiations involving the govt, financial watchdogs, and the central bank. […]
ShreeMetalPrices: United states Federal Reserve Policy Meeting sets for Mar 21 & 22
A number of significant economic events scheduled for the week, as well as a banking Industries turmoil in the United States. It is anticipated that both the domestic market and its international equivalents will remain volatile. Given the ongoing financial crisis & recent economic statistics. The 2-day United states FOMC monetary policy meeting. Which is […]
Shreemetalprices: Gold Prices Today hits record High as banking industry concerns & Fed meeting this week
Gold prices hits all time highest levels on Monday, because when markets assessed the effect of the Fed and other major central banks’ emergency liquidity measures amid growing fears of a banking collapse. In order to stop any possible contagion from the failure of multiple lenders during the previous 2 weeks. The European Central Bank […]
ShreeMetalPrices: United States President Joe Biden invites PM Modi for a state dinner in June, 2023
United states President Joseph Biden intends to host PM Narendra Modi for a state dinner in the middle of 2023. As the administration promotes initiatives and plans for an open & free Indo-Pacific to offset what it perceives as a growing threat presented by China, the formal state visit is a demonstration of the developing […]
ShreeMetalPrices: Pakistan’s central bank’s foreign exchange reserves have increased by $18 million.
The State Bank of Pakistan reported a rise of 18 million dollar in its foreign exchange reserves (FER).The State Bank of Pakistan said on Thursday that its overall foreign exchange reserves increased to almost 4.3 billion dollar during the week ended Mar 10.According to the State Bank of Pakistan, commercial banks have net foreign reserves at 5.5 billion dollar. The […]
ShreeMetalPrices: European Central Bank raises interest rates despite two banks collapsed in a week
The European Central Bank (ECB) raised interest rates by 50 bps on Thursday. Less than twelve hours after Credit Suisse was given a 50 billion Swiss franc (53.94 billion dollar) lifeline.Notwithstanding recent market turbulence, the central bank continued with a 50 bps increase. Gold rose along with borrowing prices for European govt bonds, even as […]
ShreeMetalPrices: China’s economic shows disappointing start to 2023
China reported on Wednesday that retail sales growth in the initial two months of this year only met forecasts, and that real estate investment decreased even more.During the months of Jan and Feb, industrial production has increased by 2.4% rather than the 2.6% predicted by analysts. The report show “stable rather than increasing momentum. Which […]
ShreeMetalPrices: Lithium Reserves found in Jammu & Kashmir will Be Auctioned: Mines Minister Pralhad Joshi
The country’s mines minister said in parliament on Monday. That a lithium block found previous month will be put up for auction in Jammu & Kashmir, India’s northernmost federal region. Minister Pralhad Joshi stated, “The exploitation of lithium would rely upon the victorious auction of the mineral block,” adding that the Jammu & Kashmir government […]
ShreeMetalPrices: Rahul Gandhi On Adani-Hindenburg: ‘Modani’ Jibe; India’s Foreign ‘Deal’ Policy
In January 2023, Hindenburg Research issued a report alleging that Adani Group, one amongst Asia’s top companies, with market manipulation & financial fraud. Days after buying the Israeli port in Haifa. The Adani Group’s stock crashed by more than $100 billion, losing half of its worth. Despite Adani’s denials of these accusations, which he referred […]
ShreeMetalPrices: SVB – Signature Bank failure: What Led To Collapse banks in US?
SVB – Signature Bank was founded in 2001 and has since grown to be one of the few banks that handle funds by cryptocurrency investors and businesses.Regulators shut down New York-based lenders Signature Bank 2 days. After the fall of Silicon Valley Bank (SVB), thus the largest retail banking collapse ever since global financial crisis […]