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WEEKLY NEWS | 20 MARCH 2023 | 190


CYS Special Feature
CGS China-ASEAN Business Leaders Summit

China Galaxy Securities (CGS) is a Chinese brokerage and investment bank founded in 2007 and listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange..

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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Turkey's current account deficit widens to record level in January
Money News

ISTANBUL, March 13 (Reuters) - Turkey's current account deficit widened to $9.85 billion in January, data from the central bank showed on Monday, the highest level in four decades

CYS Global Remit
Currency Live Rates

Image rates are updated on 16 Mar 2023. Contact CYS for more enquiries about currency exchange rate.

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