SolarEdge Technologies, a leading provider of solar energy solutions, announced it would lay off 400 employees, including 200 in Israel. The company cited a market downturn at the end of 2023 and the beginning of …
Continue readingTag: financial stability
Argentina To Use $1.5 Billion From Central Bank To Pay Bond Interest Due in January
Argentina’s Ministry of Economy announced on Sunday that it will purchase over $1.5 billion from the central bank to cover interest payments on its “Globales” and “Bonares” bonds due in January 2025. The funds will …
Continue readingWorld Bank to Rescue Pacific Islands from Banking Crisis
Pacific Island nations are facing a critical financial crisis. Western banks are withdrawing from the region, leaving them cut off from global finance. This has a serious impact on their economies, affecting crucial remittances, trade, …
Continue readingChina’s Central Bank Fights Back Against Bond Rally, Fears Destabilization
China’s central bank is taking action to cool a recent bond rally, fearing that it could destabilize the economy. The People’s Bank of China (PBOC) has expressed concern that financial institutions aggressively buying government bonds …
Continue readingChina’s Central Bank Steps In to Cool Bond Market Rally, Preventing Risks
China’s central bank, the People’s Bank of China (PBOC), is taking steps to cool the country’s surging bond market. The central bank is concerned about the potential risks associated with the recent rally, deeming it …
Continue reading