Even while advanced nations' initiatives have reduced market stress, IMF chief Kristalina Georgieva said on Sunday that threats to financial stability have grown and urged continuous vigilance.   The managing director of the IMF reaffirmed her belief that 2023 would be another difficult...

International Business Machines announced its intention to grow in Canada, prompting the United States and Canada to announce on Friday that they will cooperate to establish a bilateral semiconductor manufacturing corridor.   The announcement was made as Canadian Prime Minister Justin...

On Friday, a sharp selloff in banking equities struck European markets as concerns about the health of the financial sector increased. The news that Credit Suisse and UBS were the subject of an American investigation only made matters worse.   The STOXX 600 index for all of Europe dropped...

According to a news release from the authority, the Bank of England increased its benchmark interest rate by 25 basis points from 4% to 4.25% at the conclusion of its March meeting, and is prepared to raise it further if inflationary pressures increase. The central bank's choice was in line with...

As the world economy prepares for a slowdown following interest rate hikes, China will account for a sizable portion of the recovery in global oil demand, according to Wood Mackenzie.   The research company claimed in a report released on Thursday that it sees China's reopening as the...

After a string of closures alarmed investors and exacerbated unrest in the world's financial markets, Citigroup Inc. CEO Jane Fraser expressed confidence in American banks on Wednesday.   "The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the...

In an effort to combat inflation in the face of the unrest that has reverberated through the global banking system this month, the Bank of England raised interest rates on Thursday, following the Federal Reserve and the Swiss National Bank in doing so.   Investors had questioned if the...

Experts caution that the collapse of Credit Suisse has seriously damaged Switzerland's standing as the top hub for wealth management, casting doubt on its reputation for stability, regulation, and corporate governance.   After months of fighting a crisis of confidence brought on by years of...

Lower mortgage interest rates were at least one benefit of last week's turmoil in the banking sector for American homebuyers.   After Silicon Valley Bank's failure and emergency measures to support the larger banking system drove a mad dash by investors to the safety of government bonds last...