Inflation fell across Europe, Sweden's Riksbank cut interest rates for the first time in eight years, becoming the second central bank in the developed world to ease policy after the Swiss National Bank, and the European Central Bank is widely expected to follow suit in June. Just as European central banks have cut interest rates, the Bank of Japan is considering when to raise rates to shore up the weakening yen.
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The Federal Deposit Insurance Corp announced that Pennsylvania regulators shut down Philadelphia-based Republic First Bank and agreed to sell it to Fulton Bank. The bank became the first U.S. bank to fail in 2024.
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With the deepening of globalization, the international financial system has become increasingly complex and diversified. In this context, SWIFT, as the core institution in the field of international financial clearing, provides secure and efficient information transmission services for banks in various countries, and the operation of international financial institutions and payment systems is usually restricted by strict regulatory and legal frameworks.
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According to Reuters, the banking regulatory agency, the Federal Deposit Insurance Corporation (FDIC), announced that Pennsylvania regulators have closed the Philadelphia based Republican Bank of America, the first bank in the United States to be closed this year. The Federal Reserve Insurance Company of the United States stated in a statement that Pennsylvania regulatory agencies have designated the Federal Reserve Insurance Company as a receiver.
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Boeing raised $10 billion in bond markets this week after the US aircraft maker burned through $3.93 billion in free cash in the first quarter as production of its best-selling models fell, according to authoritative media. Boeing's financing means the company is seeking additional capital to support its business operations, research and development, expansion or other investment activities, and the results of the financing will determine Boeing's future development course.
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On April 26 local time, the Federal Deposit Insurance Corporation (FDIC), the banking regulator, announced that Pennsylvania regulators had closed the Philadelphia-based Republic Bank of the United States, the first bank to be closed in the United States this year.
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According to the latest data released on April 23, the exchange rate of the Japanese yen against the US dollar fell to 154.85 yen per US dollar on the 22nd, a record low in 34 years, and has approached the dangerous threshold of 155. As a major global currency, what impact will this sharp depreciation have on the global economy? When to stop falling will become the hot spot of the global economy in the near future.
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Recently, AI concept stocks led by Nvidia suddenly began to fall, down 10%, the situation is serious, Nvidia fell nearly $200 billion in market value in a single day, and the market value of seven technology giants in the US stock market evaporated by $950 billion. The U.S. stock index fell 2%, its biggest weekly drop since 2022, amid a "big crash" as the Federal Reserve's financial stability report warned of inflation risks.
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Recently, according to the US "Wall Street Journal" reported that the sluggish auction of US Treasury bonds, the market will be difficult to digest the upcoming influx of government bonds, which triggered investor concerns.
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On April 17th local time, the United States, Japan, and South Korea issued a joint statement at their finance ministers meeting, stating that US Treasury Secretary Yellen, Japanese Finance Minister Junichi Suzuki, and South Korean Minister of Planning and Finance Choi Sang mu discussed exchange rate issues during the spring annual meetings of the International Monetary Fund and the World Bank.
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On June 24, 2024, a fire broke out at a battery manufacturing factory in Huacheng, Gyeonggi do, South Korea. This sudden disaster resulted in serious consequences.
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