India, Saudi Arabia to sign energy cooperation deal Monday - Breaking The News

India, Saudi Arabia to sign energy cooperation deal Monday

10 September

1 min read

EPA-EFE/YASUYOSHI CHIBA

India and Saudi Arabia are expected to sign an energy cooperation deal following a scheduled meeting between Indian Prime Minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman on Monday.

The agreement is set to emphasize cooperation in various energy-related areas and get the two nations to commit to strengthening energy ties and promoting sustainable energy practices.

The G20 leaders have already unveiled a comprehensive rail and shipping deal that will connect India with the Middle East and Europe in order to facilitate economic growth between the involved regions.

modi india-saudi relations

Fed: All 31 banks pass 2024 stress test

26 June

The United States Federal Reserve announced on Wednesday that all 31 banks included in the process managed to pass the annual bank stress test as they "remained above their minimum common equity tier 1 (CET1) capital requirements during the hypothetical recession."The Fed said that the banks succeeded in "absorbing total projected hypothetical losses of nearly $685 billion. Under stress, the aggregate CET1 capital ratio—which provides a cushion...

Fed: All 23 banks pass 2023 stress test

28 June

The United States Federal Reserve Board announced on Wednesday that all 23 banks tested managed to pass the annual bank stress test, remaining "above their minimum capital requirements during the hypothetical recession." The tested banks would have ended up losing $541 billion in the given scenario and "the aggregate common equity risk-based capital ratio" would have fallen "by 2.3 percentage points to a minimum of 10.1%." This year's test encompassed...

All 34 banks pass 2022 stress test - Fed

23 June

According to the results of the United States Federal Reserve Board's annual bank stress test, all 34 tested lenders "remained above their minimum capital requirements" and showed "strong capital levels." The test scenario was deliberately harsher than the one from 2021. The hypothetical recession over the next nine quarters was highlighted by a 5.75 percentage point jump in the jobless rate to 10% along with a corresponding GDP contraction. Furthermore,...

Fed: All 23 large banks pass stress tests

24 June

United States Federal Reserve Board said on Thursday that all 23 large banks have passed its stress tests. "Over the past year, the Federal Reserve has run three stress tests with several different hypothetical recessions and all have confirmed that the banking system is strongly positioned to support the ongoing recovery," Fed's Vice Chair for Supervision Randal Quarles noted. This time, lenders were tested using a hypothetical economic downturn that involved a...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.