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South African Reserve Bank releases 2024 Monetary Policy Review

STORY: South African Reserve Bank releases 2024 Monetary Policy Review SHOOTING TIME: April 24, 2024 DATELINE: April 27, 2024 LENGTH: 00:02:52 LOCATION: JOHANNESBURG, South Africa CATEGORY: ECONOMY SHOTLIST: 1. various of the meeting 2. SOUNDBITE 1 (English): LESEJA KGANYAGO, Governor of SARB 3. various of the meeting 4. SOUNDBITE 2 (English): WITNESS SIMBANEGAVI, Economic Research department of the South African Reserve Bank STORYLINE: The South African Reserve Bank (SARB) released its 2024 Monetary Policy Review on Wednesday, indicating that headline inflation is only expected to return to the mid-point of the target band in the last quarter of 2025. South Africa's inflation target range is 3 to 6 percent. The report said that amid slower-than-expected disinflation in food and volatility in fuel prices, headline inflation had fluctuated in the range of 5-6 percent over the past six months. In terms of growth, the SARB anticipates that real GDP will increase to 1.2 percent this year. SOUNDBITE 1 (Engli

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Japan's 2023 core inflation hits 41-year high

STORY: Japan's 2023 core inflation hits 41-year high SHOOTING TIME: Jan. 19, 2024 DATELINE: Jan. 19, 2024 LENGTH: 00:01:49 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of cities in Japan STORYLINE: Japan's core consumer prices rose 3.1 pct in 2023 from the previous year, marking the fastest growth in 41 years, the government said in a report on Friday. The core consumer price index (CPI) for the year, excluding fresh food prices because of their volatility, came in at 105.2 against the 2020 base of 100, with its pace of increase fastening from 2.3 percent in 2022, according to the Ministry of Internal Affairs and Communications. The yearly increase, which remained above the Bank of Japan's 2 percent inflation target for the second consecutive year, marked the highest level since 1983. It came despite government subsidies to lower household utility bills, underscoring higher import costs that were inflated by a sharp drop of the yen, a byproduct of the Bank of Japan's monetary easing,

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - A staff member looks at the operation data of Nanjing Jiangbei Energy Storage Power Station, a grid-side energy storage power station in a state-level new area, in Nanjing, Jiangsu province, China, January 15, 2024. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - A staff member looks at the operation data of Nanjing Jiangbei Energy Storage Power Station, a grid-side energy storage power station in a state-level new area, in Nanjing, Jiangsu province, China, January 15, 2024. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - A staff member looks at the operation data of Nanjing Jiangbei Energy Storage Power Station, a grid-side energy storage power station in a state-level new area, in Nanjing, Jiangsu province, China, January 15, 2024. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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Nanjing Jiangbei Energy Storage Power Station Put Into Operation

NANJING, CHINA - JANUARY 15, 2024 - Nanjing Jiangbei Energy Storage Power Station, a grid side energy storage power station of the national New area, is connected to the grid and put into operation, January 15, 2024, Nanjing, Jiangsu Province, China. The energy storage power station has a total of 88 battery bins, achieving a 100-millisecond charge and discharge response, effectively adapting to the randomness and volatility of new energy.

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U.S. jobless claims rise to 218,000 last week amid cooling labor market

STORY: U.S. jobless claims rise to 218,000 last week amid cooling labor market SHOOTING TIME: Earlier footage DATELINE: Dec. 29, 2023 LENGTH: 00:01:10 LOCATION: Washington D.C. CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of U.S. Department of Labor 2. various of views in Washington D.C. STORYLINE: Initial jobless claims in the United States rose to 218,000 last week amid cooling labor market, after dropping in the previous two weeks, the U.S. Labor Department reported on Thursday. In the week ending Dec. 23, the number of Americans filing for unemployment benefits increased by 12,000 from the previous week's revised level, according to a report released by the department's Bureau of Labor Statistics. The four-week moving average for initial jobless claims, a method to iron out data volatility, decreased by 250 to 212,000, the report showed. U.S. employers added 199,000 jobs in November amid slowing job growth, with the unemployment rate edging down to 3.7 percent, the U.S. Labor Department reported e

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Japan's core consumer prices rise 2.5 pct in November

STORY: Japan's core consumer prices rise 2.5 pct in November SHOOTING TIME: Dec. 23, 2023 DATELINE: Dec. 23, 2023 LENGTH: 00:01:32 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's core consumer prices rose 2.5 percent in November from a year earlier, the government said in a report on Friday. According to the Ministry of Internal Affairs and Communications, the pace of the increase in the nationwide consumer price index (CPI), excluding fresh food prices because of their volatility, remained above the Bank of Japan's 2 percent inflation target for the 20th straight month. The figure, however, marked the slowest gain since July 2022 by slowing from a 2.9 percent jump in October. The core-core CPI, which strips away both energy and food prices, rose 3.8 percent, underscoring persistent inflationary pressures, the data showed. While food costs witnessed a 7.3 percent increase during the cited period, service prices rose 2.3 percent, marking the

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Japanese Finance Minister Suzuki

Japanese Finance Minister Shunichi Suzuki responds to reporters' questions about the yen's volatility at the ministry in Tokyo on Oct. 4, 2023.

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Zimbabwean currency gains ground against U.S. dollar as forex rate volatility eases

STORY: Zimbabwean currency gains ground against U.S. dollar as forex rate volatility eases DATELINE: July 29, 2023 LENGTH: 00:03:39 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. STANDUP 1 (English): TAFARA MUGWARA, Xinhua reporter 2. various of people counting currency 3. SOUNDBITE 1 (English): ZVIKOMBORERO SIBANDA, Economic Analyst 4. various of vendors and people on the streets 5. STANDUP 2 (English): TAFARA MUGWARA, Xinhua reporter 6. SOUNDBITE 2 (English): LUCY KUWENGWA, Local resident 7. SOUNDBITE 3 (Shona): SAMUEL PFANI, Street vendor STORYLINE: The Zimbabwean dollar continued to gain ground following government measures aimed at stabilizing foreign exchange rate and curbing a freefall that had resulted in soaring prices. The currency traded at 4,517 Zimbabwean dollars per U.S. dollar on wholesale foreign exchange auction Thursday, up from 6,713 per U.S. dollar recorded on June 16, central bank figures showed. STANDUP 1 (English): TAFARA MUGWARA, Xinhua reporter "The Zimbabwean dollar continues t

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ZIMBABWE-CURRENCY-INFLATION

(230728) -- HARARE, July 28, 2023 (Xinhua) -- A woman counts Zimbabwe dollar notes in central Harare, Zimbabwe, July 22, 2023. The Zimbabwean dollar continued to gain ground following government measures aimed at stabilizing foreign exchange rate and curbing a freefall that had resulted in soaring prices. TO GO WITH "Economic Watch: Zimbabwean currency gains ground against U.S. dollar as forex rate volatility eases" (Xinhua/Tafara Mugwara)

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IMF urges India to lift rice export ban

STORY: IMF urges India to lift rice export ban DATELINE: July 27, 2023 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY/MARKET SHOTLIST: 1. various of India gate 2. various of rice field 3. various of rice wholesale market 4. various of rice 5. various of export containers STORYLINE: The International Monetary Fund (IMF) has encouraged India to remove restrictions on the export of a certain category of rice, saying it would have an impact on global inflation. The Indian government on July 20 banned the export of non-Basmati white rice to boost domestic supply and keep retail prices under check. Such restrictions are likely to exacerbate volatility in food prices in the rest of the world and lead to retaliatory measures, which can be harmful globally, Pierre-Olivier Gourinchas, IMF's Chief Economist and Director of the Research Department, told a press conference after the release of the World Economic Outlook on Tuesday. The IMF also projected India's gross domestic product (GDP) growth rate to be

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Xinhua Headlines: Self-serving U.S. policies exacerbate global economic volatility

(230715) -- BEIJING, July 15, 2023 (Xinhua) -- A screen displays stock market information at the New York Stock Exchange (NYSE) in New York, the United States, on July 6, 2023. (Photo by Michael Nagle/Xinhua)

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Xinhua Headlines: Self-serving U.S. policies exacerbate global economic volatility

(230715) -- BEIJING, July 15, 2023 (Xinhua) -- A customer shops at a supermarket in San Mateo, California, the United States, April 12, 2023. (Photo by Li Jianguo/Xinhua)

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Xinhua Headlines: Self-serving U.S. policies exacerbate global economic volatility

(230715) -- BEIJING, July 15, 2023 (Xinhua) -- Visitors walk past the exhibition hall of the China-Africa Achievement Exhibition on High-Level Building of the Belt and Road Initiative during the third China-Africa Economic and Trade Expo at the Changsha International Convention and Exhibition Center in Changsha, central China's Hunan Province, June 29, 2023. (Xinhua/Chen Yehua)

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Xinhua Headlines: Self-serving U.S. policies exacerbate global economic volatility

(230715) -- BEIJING, July 15, 2023 (Xinhua) -- Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva (R, back) attends a press conference in Washington, D.C., the United States, on April 13, 2023. (Xinhua/Liu Jie)

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Xinhua Headlines: Self-serving U.S. policies exacerbate global economic volatility

(230715) -- BEIJING, July 15, 2023 (Xinhua) -- This aerial photo shows a cargo ship at a smart container terminal of Tianjin Port in north China's Tianjin, July 7, 2023. (Xinhua/Zhao Zishuo)

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Xinhua Headlines: Self-serving U.S. policies exacerbate global economic volatility

(230715) -- BEIJING, July 15, 2023 (Xinhua) -- This aerial photo taken on June 23, 2022 shows Plant Lydia of BMW Brilliance Automotive (BBA) in Tiexi District of Shenyang, northeast China's Liaoning Province. (Xinhua/Yang Qing)

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Analysts say CPO prices to remain volatile on market, weather uncertainties

STORY: Analysts say CPO prices to remain volatile on market, weather uncertainties DATELINE: June 14, 2023 LENGTH: 00:02:34 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of the palm plantation area 2. various of palm trees and fruits on the tree 3. various of a backhoe loader gathering palm fruits 4. various of palm oil factory 5. various of trucks carrying a bunch of palm fruits and oil trucks on the road STORYLINE: Analysts on Tuesday expected crude palm oil (CPO) prices to remain volatile due to the market and weather uncertainties that could impact crop production and prices. Affin Hwang Investment Bank said in a note that it made no changes to its CPO average selling price assumptions of 3,800 ringgit (823 U.S. dollars) to 4,000 ringgit per ton for 2023 amid the volatility. Besides, it said that the expectation of favorable crop prospects in the United States and Canada, cautious buying due to global recessionary fears and spill-over weakness from declining energy prices, have

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Argentina's central bank hikes benchmark interest rate to 97 pct

STORY: Argentina's central bank hikes benchmark interest rate to 97 pct DATELINE: May 16, 2023 LENGTH: 0:01:57 LOCATION: Buenos Aires CATEGORY: ECONOMY SHOTLIST: 1. various of street views and markets STORYLINE: The Argentine central bank on Monday again raised the benchmark interest rate by 600 basis points, pushing the rate from 91 percent to 97 percent annually. The decision aims to promote "positive real returns on investments in local currency" and "prevent financial volatility from acting as a driver of inflation expectations," the bank said in a press release. In April, monthly inflation rose 8.4 percent compared to March, according to the bank. The decision complements a package of economic measures the government announced over the weekend to reduce inflation, stabilize the exchange rate and guarantee consistent levels of economic activity. "The central bank will continue to monitor the evolution of the general level of prices, the dynamics of the financial market, and exchange rat

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Vietnam's coffee exports slow in Q1 as domestic prices rise

STORY: Vietnam's coffee exports slow in Q1 as domestic prices rise DATELINE: April 7, 2023 LENGTH: 00:01:41 LOCATION: Hanoi CATEGORY: ECONOMY SHOTLIST: 1. various of coffee harvesting in Vietnam 2. various of roasting and packaging process of coffee beans in Vietnam 3. various of the coffee festival in the central highlands Dak Lak province STORYLINE: Vietnam's coffee exports in the first quarter this year edged down 1.6 percent to 572,000 tons from a year ago, the General Statistics Office has said, adding that coffee export revenue for the same period reached 1.3 billion U.S. dollars, down 2.3 percent on the year. Vietnamese coffee prices surging this year, coupled with rising interest rates on bank loans, have made exporters refrain from building their stockpiles and reluctant to have contracts for delivery in the future on concerns about global price volatility, said Nguyen Xuan Hien, head of staff of the Vietnam Coffee-Cocoa Association (Vicofa). Also, Vietnamese farmers are in no rush to sell their

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UBS to buy Credit Suisse: Swiss gov't

STORY: UBS to buy Credit Suisse: Swiss gov't DATELINE: March 20, 2023 LENGTH: 0:01:34 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of Swiss Federal Council and Credit Suisse STORYLINE: Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government said on Sunday. On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilizing solution was absolutely necessary, the government said. "In this difficult situation, the takeover of Credit Suisse by UBS is the best solution for restoring the confidence that has been lacking in financial markets recently, and for best managing the risk to our country and its citizens," the government said. Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held, equivalent to CHF 0.76/share for a total consideration of 3 billion Swiss francs

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U.S.-CALIFORNIA-MILLBRAE-FIRST REPUBLIC BANK

(230314) -- MILLBRAE, March 14, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows the exterior view of a First Republic Bank branch in Millbrae, California, the United States. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-FIRST REPUBLIC BANK

(230314) -- MILLBRAE, March 14, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows the exterior view of a First Republic Bank branch in Millbrae, California, the United States. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-FIRST REPUBLIC BANK

(230314) -- MILLBRAE, March 14, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows the exterior view of a First Republic Bank branch in Millbrae, California, the United States. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Photo by Li Jianguo/Xinhua)

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NEW YORK-FIRST REPUBLIC BANK-STOCKS-FALL

(230314) -- NEW YORK, March 14, 2023 (Xinhua) -- People walk past a First Republic Bank branch in New York, the United States, March 13, 2023. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Xinhua/Zhang Mocheng)

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NEW YORK-FIRST REPUBLIC BANK-STOCKS-FALL

(230314) -- NEW YORK, March 14, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows a signage of First Republic Bank in New York, the United States. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Xinhua/Zhang Mocheng)

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NEW YORK-FIRST REPUBLIC BANK-STOCKS-FALL

(230314) -- NEW YORK, March 14, 2023 (Xinhua) -- A customer enters a First Republic Bank branch in New York, the United States, March 13, 2023. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Xinhua/Zhang Mocheng)

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First Republic Bank shares plunge amid fear of systemic contagion after SVB's failure

STORY: First Republic Bank shares plunge amid fear of systemic contagion after SVB's failure DATELINE: March 14, 2023 LENGTH: 00:02:06 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of a First Republic Bank branch in Manhattan, New York 2. various of the exterior of New York Stock Exchange STORYLINE: Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. That implies investor discomfort with the financial institution despite government activity over the weekend to solve the SVB crisis and potential cascading effects, according to a report by the online newspaper TechCrunch. Since the failure of SVB, it appears that many public-market investors want out of smaller banks, despite the Federal Deposit In

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BOJ's Kuroda, Abe meet amid market volatility

TOKYO, Japan - Bank of Japan chief Haruhiko Kuroda speaks to the press at the prime minister's office in Tokyo on June 13, 2013, after meeting with Prime Minister Shinzo Abe to discuss economic conditions and recent volatility in equity and foreign exchange markets.

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BOJ's Kuroda, Abe meet amid market volatility

TOKYO, Japan - Bank of Japan chief Haruhiko Kuroda leaves the prime minister's office in Tokyo on June 13, 2013, after meeting with Prime Minister Shinzo Abe to discuss economic conditions and recent volatility in equity and foreign exchange markets.

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BOJ's Kuroda, Abe meet amid market volatility

TOKYO, Japan - Bank of Japan chief Haruhiko Kuroda speaks to the press at the prime minister's office in Tokyo on June 13, 2013, after meeting with Prime Minister Shinzo Abe to discuss economic conditions and recent volatility in equity and foreign exchange markets.

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BOJ policy board meeting

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda speaks at a press conference after the central bank's policy board meeting at the BOJ head office in Tokyo on June 11, 2013. The BOJ refrained from taking additional steps to ease volatility in the government bond market and contain spikes in interest rates that could impede an economic recovery.

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BOJ policy board meeting

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda speaks at a press conference after the central bank's policy board meeting at the BOJ head office in Tokyo on June 11, 2013. The BOJ refrained from taking additional steps to ease volatility in the government bond market and contain spikes in interest rates that could impede an economic recovery.