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BBCNEWS World Business Report July 6, 2024



hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that s been putting a ton of pressure on smaller regional banks. depositors at first republic have withdrawn billions of dollars and the regional banks share price has been cut in half. now the biggest of the american banks have stepped in, led by the likes ofjpmorgan and citigroup, 11 companies have agreed to make $30 billion of uninsured deposits in first republic. they have done this in the hope that it will be enough to shore u ....

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BBCNEWS Asia July 2, 2024



economic cooperation summit in san francisco. in their first face to face talks in more than a year, they are expected to discuss the ongoing trade row between the two countries, as well as washington s measures to restrict beijing s acess to advanced computer chips. the meeting comes as china s once roaring economy struggles to recover from the the impact of the pandemic. earlier i spoke to the executive director of the asian trade centre in singapore, deborah elms. she told me this conversation is an important first step. well, i think the most important part is that they ve had a meeting. i mean, that sounds pretty modest, but after a lot of disruption that through the trump years and through the trump years and through the trump years and through the pandemic and through the pandemic and through the pandemic and through the post pandemic period, just having a conversation between the two leaders is critical to helping stabilise this rocky relationship.- stabilise t ....

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Bank of Japan keeps ultra-loose policy, cuts inflation forecast

The Bank of Japan (BoJ) maintained its signature monetary easing measures on Tuesday, in an expected move following the disruption caused by the recent. ....

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