Silicon Valley Bank depositors will have access to their money starting Monday: Treasury Secretary

Silicon Valley Bank depositors will have access to their money starting Monday: Treasury Secretary

A sign for Silicon Valley Bank (SVB) headquarters is seen in Santa Clara, California, U.S. | Photo Credit: REUTERS In a step aimed at protecting the U.S. economy by strengthening public confidence in the country’s banking system, the Biden administration announced that depositors of the Silicon Valley Bank will have access to their money from […]

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Global leaders welcome nomination of Ajay Banga as World Bank president

Global leaders welcome nomination of Ajay Banga as World Bank president

Political leaders and industry captains on February 24 hailed Indian American Ajay Banga’s nomination as World Bank president, saying he is an inspired choice and a phenomenal addition to the list of Indian-origin leaders at the helm of globally impactful organisations. President Joe Biden on Thursday announced that the U.S. is nominating Mr. Banga to […]

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Morning Digest | India abstains in U.N. vote on Ukraine; Gandhis likely to stay away from Congress steering committee meeting, and more

Morning Digest | India abstains in U.N. vote on Ukraine; Gandhis likely to stay away from Congress steering committee meeting, and more

The U.N. General Assembly votes in favour of a resolution upholding Ukraine’s territorial integrity and calling for a cessation of hostilities after Russia’s invasion, Thursday, Feb. 23, 2023, at United Nations headquarters. | Photo Credit: AP India abstains in U.N. vote underscoring need for just, lasting peace in Ukraine India abstained in the U.N. General Assembly on February 23 […]

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Putin’s war a strategic failure for Kremlin, says U.S. Treasury Secretary Janet Yellen

Putin’s war a strategic failure for Kremlin, says U.S. Treasury Secretary Janet Yellen

United States’ Secretary of Treasury, Janet Yellen addresses the media during a news conference on the second day of the second meeting of the G20 Finance and Central Bank Deputies under Indias G20 Presidency in Bengaluru. | Photo Credit: PTI U.S. Treasury Secretary Janet L Yellen on Thursday said Russia’s economy has become increasingly isolated […]

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U.S. Treasury Secretary Yellen to visit India next week for G20 meetings

U.S. Treasury Secretary Yellen to visit India next week for G20 meetings

U.S. Treasury Secretary Janet Yellen. File | Photo Credit: Reuters U.S. Treasury Secretary Janet Yellen would travel to India next week to participate in the G20 Finance Ministers and Central Bank Governors Ministerial, during which her priority will be the war in Ukraine and addressing the challenges for building a stronger, more resilient and global […]

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India can buy as much Russian oil as it wants, outside price cap, says Yellen

India can buy as much Russian oil as it wants, outside price cap, says Yellen

India will only need to avoid Western financial, maritime services bound by the cap says U.S. Treasury Secretary; stresses goal is to drive global oil prices lower while curbing Russia’s revenues India will only need to avoid Western financial, maritime services bound by the cap says U.S. Treasury Secretary; stresses goal is to drive global […]

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U.S. Treasury Secretary Yellen to visit India in November

U.S. Treasury Secretary Yellen to visit India in November

U.S. Treasury Secretary Janet Yellen will visit India in November to attend the U.S.-India Economic and Financial Partnership ahead of the G20 meetings, she informed Finance Minister Nirmala Sitharaman U.S. Treasury Secretary Janet Yellen will visit India in November to attend the U.S.-India Economic and Financial Partnership ahead of the G20 meetings, she informed Finance […]

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Morning Digest: October 12, 2022

Morning Digest: October 12, 2022

U.S. Treasury Secretary Yellen to visit India in November Finance Minister Nirmala Sitharaman held bilateral talks with her American counterpart, Treasury Secretary Janet Yellen, during which Ms. Yellen announced that she would visit India in November. “I am glad to announce today that in November ahead of the G20 meetings, I will take my first […]

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