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US authorities rush to contain Silicon Valley Bank fallout; President Joe Biden vows to fix 'this mess'
•In a joint statement, financial agencies including the US Treasury said SVB depositors would have access to 'all of their money' starting Monday, 13 March, and that American taxpayers will not have to foot the bill
US Treasury official concludes India visit with discussions on energy prices and Ukraine war
•During the meeting, Deputy Treasury Secretary Wally Adeyemo discussed ways that US and India could work together to address shared global challenges like food insecurity and high energy prices
India's economy recovered strongly despite three significant COVID-19 waves, says US Treasury report
•According to the report, India's bilateral trade surplus with the United States has expanded significantly in the past year
Reliance Industries raises $4 billion in India's biggest forex bond deal
Rachita Prasad •The conglomerate’s jumbo note issuance of US dollar bonds was done in three tranches – $1.5 billion for 10 years at 2.875%, $1.75 billion for 30 years at 3.625% and $750 million for 40-year term and 3.75% coupon rate
Stock Market Latest Updates: Sensex jumps 232 points, Nifty above 9,250; Mahindra & Mahindra, Bajaj Finance among top gainers
Fp Staff •Stock market today LIVE Updates: Markets recover, Sensex up 100 points, Nifty off lows; Adani Ports, ONGC up
Coronavirus Impact: Fed to launch commercial paper liquidity backstop today; participation by debt issuers may be short-lived
•The Commercial Paper Funding Facility’s special purpose vehicle will purchase higher rated, three-month unsecured and asset-backed paper from eligible bank, corporate, special-purpose entity, and municipal issuers using financing from the New York Federal Reserve
Reserve Bank's US treasury holdings touch an all-time high at $164.3 bn in January
•The Reserve Bank, which has been snapping up greenbacks in the past two years, has also been lapping up US treasury bills and the holdings touched a record high in January
Asian markets skid again; selling restrained by hopes of central bank rate cuts, stimulus talks
•Speculation of more central bank rate cuts and possible fiscal stimulus saw US Treasury yields edge up from historic lows, and oil prices paused after the steepest fall since the 1991 Gulf war.
Asia stocks slump on recession fears after Dow suffers worst day of year; US bond yields plunge
•The intensifying US-China trade war shows no signs of resolution and the flight to bonds signal the growing fears of a global recession
Donald Trump accuses China of killing US economy with 'unfair trade deals' as tensions escalate over tariffs
•US President Donald Trump on Wednesday said his tough stance on China’s economic and trade policies would ultimately benefit the American economy