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Banking crisis has increased odds of recession, says JPMorgan's Jamie Dimon

The government shouldn't overreact to the banking crisis by imposing more rules on the industry, Dimon said

It's big vs small as banks square off to avoid new rules after failures

Before the collapse of Silvergate Capital Corp and other regional institutions, bigger banks were steeling themselves for more regulations since Michael Barr took over as the Fed's No. 2 official

34 rockets fired into Israel from Lebanon, most sustained attack since 2006

At least 34 rockets were fired into northern Israel from Lebanon, of which 25 were successfully intercepted, according to the latest information from the Israeli army

IMF warns five-year global growth outlook is weakest since 1990

For 2023, global gross domestic product will likely expand by less than 3%, she said. That's in line with the fund's January forecast of 2.9%

US big tech Google, Amazon struggle to lay off employees in Europe

In Europe, mass layoffs have stalled because of labor protections that make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups

Biden is set to propose toughest-ever rules on car pollution to spur EVs

Limits on car pollution are key to helping the US meet its Paris Agreement commitment to slash greenhouse gas emissions by at least 50% from 2005 levels by the end of the decade

BlackRock Inc to sell $114 billion in securities of failed banks'

BlackRock's Financial Markets Advisory Group was established in 2008 to provide advice to governments, central banks and financial institutions

US jobless claims show emerging cracks in a strong labour market

Initial unemployment claims were 228,000 in the week ended April 1, Labor Department data showed Thursday

Covid-19 is still deadlier for patients than influenza, finds study

Covid has frequently drawn comparisons with influenza, another viral respiratory disease, including by former US president Donald Trump

Households in India expect inflation to moderate, find RBI surveys

Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said

First Indian state-backed fund is said close to naming a new CEO

The final decision could be announced as early as this month

Int'l banking system is headed for more trouble, says Raghuram Rajan

His comments add to warnings that the troubles at SVB and Credit Suisse are indicative of deeper underlying problems in the financial system

Jefferies taps Barclays's Ashish Jhaveri to help build India M&A team

The hire is part of the US firm's ambition to build an M&A practice in India, where dealmaking has been relatively robust while the business elsewhere slowed to a crawl

Airbus SE to build new China single-aisle jet factory as Apple pulls back

The European planemaker will add a second final assembly line at its existing factory site in Tianjin, under a deal signed by Chief Executive Officer Guillaume Faury in Beijing on Thursday

Anil Agarwal's $19-bn chipmaking plant dream at risk as hurdles mount

Winning government funding is key to fulfilling Agarwal's chip dream, given his broader empire is facing intensifying financial strain

Google, Amazon struggle to cut jobs in Europe due to labour protections

In Europe, mass layoffs among tech companies have stalled because of labour protections that make it virtually impossible to dismiss people in some countries without prior consultations

India's new trade policy: Blinded by local market, a dry recitation of laws

India's trade policy remains blinded by its huge domestic market. This was underlined last week when the govt released its latest trade policy - three years late

Samsung braces for worst profit in at least 14 years as tech demand withers

Samsung has said its strategy historically has been to keep spending during downturns to increase its competitive position

Potential US recession signal sets off global rush into Indonesian bonds

With the US and Indonesian central banks seen approaching the end of their respective hiking cycles, inflows looking for higher carry returns are likely to keep increasing in the second quarter

RBI rate hike touch & go affair amid inflation, growth concerns, swaps show

Policy decisions this week from some of the Reserve Bank of India's global peers offer a good reason for the split