WEEKLY NEWS | 20 MARCH 2023 | 190
THE MARKET WATCH
Economy News
Crude oil prices fall as banking fears rattle markets
LONDON, March 13 (Reuters) - Oil prices fell on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support.
Brent crude futures were down $1.44, or 1.7%, to $81.34 per barrel by 1001 GMT. West Texas Inter-mediate crude futures (WTI) fell by $1.40, or 1.8%, to $75.28 a barrel.
Fears of contagion from the failure of Silicon Valley Bank led to a selloff in U.S. assets at the end of last week, while state regulators closed New York-based Signature Bank (SBNY.O) on Sunday.
Europe's STOXX bank index (.SX7P) was down 5.7%, having shed 3.8% on Friday.
Jakarta (VNA) – Indonesia’s Minister of National Planning and Development (Bappenas) Suharso Monoarfa on March 9 announced six corruption prevention actions for the 2023-2024 period with a focus on state finance. Speaking at a press conference on March 9, the minister said that
the implementation of Indonesia’s National Strategy for Corruption Prevention (Stranas PK) has entered its third period, with the six anti-corruption actions to be implemented in 2023 and 2024.
Compliance News
Indonesia steps up anti-corruption in financial sector
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