SVB collapse to have limited impact on global market: South Korea Finance Minister

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The industry ministry held an emergency meeting with relevant agencies to assess the impact of the bank's failure on exporters, and to discuss ways to minimise the possible fallout. theSun theSundaily FinanceInvestor SouthKorea FinancialCrisis

In this file photo taken on March 10, 2023, property manager representative passes a sign at Silicon Valley Bank’s headquarters in Santa Clara, California/AFPPix: The collapse of the United States-based Silicon Valley Bank is expected to have a limited impact on the global financial market, although uncertainties will linger amid monetary-tightening moves, reported Yonhap quoting the finance minister on Monday.

“Following reports over the shutdown of Silicon Valley Bank in the US over the weekend, volatilities and uncertainties in the financial market at home and abroad have been escalating,“ Finance Minister Choo Kyung-ho said ahead of a closed-door meeting on export issues. The minister pointed out uncertainties, however, will remain in the global economy due to aggressive monetary tightening moves, adding the government will come up with additional support measures to help exporters.

The government plans to beef up monitoring of the related developments on a real-time basis, and to come up with response mechanisms in cooperation with private companies, though the case has not directly affected exports, the ministry said.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 25. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

UK finance minister and Bank of England work to contain SVB falloutLONDON, March 12 — Britain’s finance ministry and the Bank of England are working to minimise the disruption that could arise from a collapse of the UK arm of Silicon Valley...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »