International

• Wednesday, March 22nd 2023 - 10:11 UTC

  Beijing authorities and financial system confirm Chinese economy rebound; PBC increases liquidity

  

  China's economic rebound has been confirmed by a surge in market demand for short-term funds, with liquidity becoming tighter in the inter-banking system, according to the country's financial market data tracker gelonghui.com.

• Wednesday, March 22nd 2023 - 10:05 UTC

  BAS: A six coins series of Antarctic glaciers named after solar system planets

  

  Pobjoy Mint has announced a brand-new 2023 two-pound coin series issued on behalf of the British Antarctic Territory. The six-coin series will feature the Antarctic glaciers named after planets of the solar system starting with the Mars Glacier.

• Tuesday, March 21st 2023 - 09:51 UTC

  Guterres warns climate bomb ticking

  

  United Nations Secretary-General António Guterres said Monday in a recorded appearance before a UN Intergovernmental Panel on Climate Change (IPCC) that in order to avoid a climate catastrophe, carbon emissions must be halved by 2030 because “the climate bomb is ticking.”

• Tuesday, March 21st 2023 - 08:12 UTC

  Xi Jinping and Putin strengthen ties in Moscow

  

  Russian President Vladimir Putin and his Chinese counterpart Xi Jinping held an informal meeting Monday in Moscow. The Chinese leader is on a state visit.

• 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.