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BBCNEWS Business Today - NYSE Opening Bell September 6, 2024

As the us exchanges open here in new york. Lets cross live now to Shams Afzal, Managing Director at carnegie investment counsel. Of course, in the last hour, we had that adp data out. How are the markets reacting to this . I think this number, as well as tomorrows total data will probably not change the narrative that has been set already that the Jobs Market has softened quite a bit compared to a year ago. I think the more important data that came out earlier showed the number ofjobs available. If number of jobs available. If you number ofjobs available. If you went back to february 2023, there were almost two jobs open every Wedding Work out there, now that number has shrunk to every 1. 1 jobs to every willing work out there. They are finally getting these numbers so this put the Rate Cut Regime very much intact ....

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CNN CNN This Morning July 6, 2024

bank failures, silicon valley bank and signature bank. christine romans, what is happening with credit suisse is different, but it s also spooking thing market. it is. so this is european banking fears that are now spreading back into an already fragile and vulnerable u.s. system. credit suisse down 20% to a record low. several european bank shares are halted in european trading. so that s just feeding into the worry about rising free agents and fragilely in the world. dow futures down 1.5%. if this holds this would take away the rally in yesterday. nasdaq, s&p futures also lower here. the regional banks that bounced back in the u.s. yesterday a sign of stability, a sign of relief, a mixed performance. first republic shares in premarket trading up a little bit. some of the other banks are down and again what folks are really zeroing in here is what are the exposure to these banks, these long-term treasuries, long-term securities that are going to be hard to sell in th ....

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CNN CNN This Morning June 4, 2024 12:11:00

Moved expeditiously. the treasury sector, the fed and the fdic had the tools needed to do what was required in the short term. but i think we need to evaluate what occurred, why, and make sure that it doesn t happen again. we have ensure we don t have contagion and that you do not have a run on these small community banks and regional banks because that would, obviously, be disastrous for the economy. some of your republican colleagues are saying it s because of the diversity policies that this bank had, that contributed to their collapse. is that what you think is behind it or do you think it s because of the other steps they were taking, policies they were pursuing when it came to the treasurily-backed bonds? i think clearly this bank was mismanaged, svb. beyond that you had a situation with the long-term treasury notes and the fact that, you know, we are dealing with record inflation, interest rates went up, the value came down on long long-term treasuries. ....

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SABB in deal with Saudi Electricity to automate bank guarantees

The Saudi British Bank (SABB) has signed an agreement with the Saudi Electricity Company to digitize bank guarantees and raise the efficiency of financial transaction procedures related to the implementation of projects and businesses. ....

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SABB in deal with Saudi Electricity to automate bank guarantees

The Saudi British Bank (SABB) has signed an agreement with the Saudi Electricity Company to digitize bank guarantees and raise the efficiency of financial transaction procedures related to the implementation of projects and businesses. ....

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