International

Monday, March 20th 2023 - 16:08 UTC
It’s the Banking Regulations, Stupid

By Antonio Floglia (*), LONDON – Rather than developing a robust understanding of the errors that led to the 2008 global financial crisis, politicians and the public demanded that supervisory authorities simply double down on regulation. So, that is what they did, and we are now seeing the results with the sudden collapse of Silicon Valley Bank.
Monday, March 20th 2023 - 16:05 UTC
Network of leading Western central banks ready to inject the necessary dollars liquidity

Leading central banks of the West announced on Sunday a coordinated action to provide liquidity to the financial system through the US swap liquidity line arrangements. The statement was signed by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell and becomes effective Monday 20 March.
Monday, March 20th 2023 - 16:04 UTC
Extreme surgery: Swiss government and UBS take over Credt Suisse

The Swiss National Bank said at a press conference in Bern on Sunday evening that UBS would be taking over embattled lender Credit Suisse. The deal will see UBS acquire Credit Suisse for 3 billion Swiss francs (US$ 3.23 billion).
Monday, March 20th 2023 - 15:59 UTC
Moscow extends 60 days Black Sea Grains exports; Putin insists West sanctions on Russian exports must also be lifted

The United Nations announced on Saturday that a deal allowing for the safe export of grain from Ukrainian reports had been extended. The UN did not specify the length of the renewal, while Russia and Ukraine issued conflicting statements on the matter.
Saturday, March 18th 2023 - 10:01 UTC
Alckmin discusses Brazil's ties with European envoy beyond Mercosur

Brazilian Vice President Geraldo Alckmin met Friday with the European Commission's Executive Vice-President Margrethe Vestager to discuss the South American country's relations beyond the Mercosur deal, Agencia Brasil reported.
Saturday, March 18th 2023 - 09:54 UTC
Bolivian President calls Putin to review trade and technology joint work

Presidents Luis Arce Catacora of Bolivia and Vladimir Putin of Russia held a telephone conversation Friday during which they discussed various items of mutual interest such as energy, trade, education, and technology.
Saturday, March 18th 2023 - 09:42 UTC
WHO hopes to liken Covid-19 to seasonal flu this year

According to the World Health Organization (WHO), Covid-19 might soon be similar to seasonal flu in terms of the threat it means to human life, it was announced as the global agency hopes to further reduce its maximum alert level this year.
Saturday, March 18th 2023 - 09:35 UTC
Israel's Embassy in BA commemorates bombing's 31st anniversary

Israel's Embassy in Buenos Aires Friday held a ceremony marking the 31st anniversary of its old headquarters being destroyed in a bomb attack allegedly sanctioned by Hezbollah.
Friday, March 17th 2023 - 17:57 UTC
International Criminal Court seeks Putin's arrest for war crimes in Ukraine

The International Criminal Court (ICC), based in The Hague, Netherlands, issued an arrest warrant against Russian President Vladimir Putin for the deportation of children in areas of Ukraine occupied by Russia, which he denounced as a “senseless decision.”
Friday, March 17th 2023 - 07:53 UTC
“Euro area banking sector is resilient, with strong capital and liquidity positions”, ECB President Lagarde

Anticipating the Euro area banking sector is resilient, with strong capital and liquidity positions, and that inflation is projected to remain too high for too long, the European Central Bank announced on Thursday that the ECB Governing Council decided to increase the three key ECB interest rates by 50 basis points, in line with its determination to ensure the timely return of inflation to the 2% medium-term target.