prologu5 – Page 40534 – Prologue Journal

Reuters exclusively reported that India will discourage foreign trade settlement in Chinese yuan

Reuters Reuters exclusively reported that India has requested banks and traders avoid using Chinese yuan to pay for Russian imports, due to long-running political differences with its neighbor. India, a top buyer of Russian oil and discounted coal, would prefer the use of United Arab Emirates dirhams to settle trade. Last year India’s biggest cement…

Russian rouble soars as US banking intervention hurts dollar

Jerusalem Post “The key event of the week is Friday’s central bank rate decision, where we do not expect to change, with the hawkish rhetoric to remain,” said Dmitry Polevoy, head of investment at Locko-invest https://www.jpost.com/business-and-innovation/banking-and-finance/article-734190

Biden says to do ‘whatever needed’ as banks hit despite SVB action

Jerusalem Post US regulators on Sunday stepped in after the collapse of SVB – the largest US bank failure since 2008, which suffered a run after a big hit on a portfolio of bonds. https://www.jpost.com/breaking-news/article-734178

Zelensky: Ukraine seeks ‘spiritual independence,’ acts against church

Jerusalem Post Zelensky and other Ukrainian leaders have accused the long-established Ukrainian Orthodox Church of undermining Ukrainian unity. https://www.jpost.com/christianworld/article-734138

Signature Bank collapses after SVB in biggest US bank failure since 2008

Jerusalem Post Biden on Sunday hinted at new regulation of big banks after the biggest US bank failure since the 2008 financial crisis, but faces a divided Congress. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734137

SVB collapse shows Israeli hi-tech should stay in Israel – opinion

Jerusalem Post The lesson from this should be that despite domestic turmoil or geopolitical threats faced, Israeli entrepreneurs are safer with their money at home https://www.jpost.com/business-and-innovation/opinion/article-734109

Israeli SVB branch closes after collapse, dozens laid off

Jerusalem Post Experts warned that following the collapse, Israeli startups will face decreased valuation and increased competition for funding. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734064

Israel stocks slip on SVB failure, government vows aid for tech firms

Jerusalem Post Israel’s tech sector is the country’s main growth engine and its relationship with the Silicon Valley region is strong. Many Israeli startups had accounts at SVB although the amounts are unconfirmed. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734059

Silicon Valley Bank fallout starts to spread around the world

Jerusalem Post SVB had branches in Canada, the UK, China, Denmark, Germany, India, Israel and Sweden, and the scenes coming out of California are just the beginning. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734050

‘History will hold Donald Trump accountable’ for Jan. 6, Pence says

Jerusalem Post Pence, who is considering a run for the Republican nomination for the 2024 presidential election, was whisked to safety by law enforcement during the attack. https://www.jpost.com/american-politics/article-734043