The rating agency Moody's has downgraded Signature Bank to junk status. Moreover, the agency has started a review of six US banks.
Bloomberg has reported that the US Federal Reserve and Federal Deposit Insurance Corp are considering the creation of a new fund that would backstop bank deposits.
The Saudi Arabian state oil company Saudi Aramco has revealed record 2022 profit of $161.1 billion.
The Governor of the People's Bank of China Yi Gang has been reappointed to his post for another term.
In the aftermath of the success in Ukraine, Lockheed Martin has received orders for HIMARS systems, which should be met by the company's factory capacity.
Reuters has reported that the US administration has set a deadline by the end of March for a purge of Tik Tok from all federal employee devices.
As the European Central Bank continues to hike interest rates, various global banks have been buying up Euro Zone country bonds.
The grocery prices for the United Kingdom has reached a new record high, as food prices grew by 17.1% in the first fourth weeks of February.
Recently released 2022 data has revealed that for the first time in six decades urban employment had declined in China.
The Apple supplier Foxlink has revealed that the company is unlikely to resume its operations in India during the following next two months. The company's local factory has suffered in a major fire.
The Prime Minister of Japan, Fumio Kishida has stated that businesses should increase employee wages to combat the ongoing rising inflation.
The US Treasury Secretary Janet Yellen has commented that she would discuss a potential US budget deficit reduction with the US Congress in an effort to deal with a possible US government default.
The Chief Executive Officer of the Blackstone fund Steve Schwarzman has received $1.26 billion in pay and dividends during 2022.
The US Treasury Secretary Janet Yellen has stated that the US nominee to head the World Bank Ajay Banga is set to overcome all criticism of his nomination.
The French defence group Thales has revealed that it would hire additional 12,000 employees, as orders for armaments have skyrocketed.
The Information news outlet has reported that Twitter has laid off 50 additional workers in an effort to continue to cut costs.
The profits of Berkshire Hathaway declined in the fourth quarter of 2022, as the investment fund suffered due to a decline in its investments and currency fluctuations.
The producer of Nokia phones HMD Global has revealed that it would set up smart-phone production in Europe, despite the competition continuing to produce in Asia.
The International Monetary Fund has revealed that banning private cryptocurrencies might help in the restructuring of global debt.
The International Monetary Fund has announced that the G20 countries are at a disagreement of how to handle the debt of failing economies.
Reuters has revealed that various global food product makers would reduce their line up due to low product turnover.
The head of the Bank of Japan Haruhiko Kuroda has revealed that he intends to continue to keep the central bank's ultra loose monetary policy.
The events software provider Cvent has refused a $3.9 billion bid offer from the Blackstone group.
The World Bank has announced that it would offer some concessions to its debtor countries, as they battle the ongoing global economic decline.