RBI Permits Use of Brickwork Ratings for Loans Up to Rs 250 Crore and Tweaks Remittance Norms to IFSCs

The Reserve Bank of India (RBI) has allowed banks to use ratings by Brickwork Ratings India for loans up to Rs 250 crore. In October […]

Record-Breaking Investment: TSMC Secures $6.6 Billion Subsidy for Arizona Semiconductor Production

Taiwan Semiconductor (TSM) is set to receive $11.6 billion in U.S. grants and loans for constructing three chip plants in Arizona. This initiative, comprising $6.6 […]

US Office Vacancy Rates Reach Record High Amid Commercial Real Estate Crisis

In Q1 2024, the office vacancy rates in the United States reached a historical high, as reported by Moody’s. The vacancies rose to 19.8% from […]

White House Unveils $20 Billion Investment to Boost Intel Chip Production

Intel’s stock is on the rise following the company’s agreement to a non-binding preliminary memorandum of terms for potential federal grants totaling up to $8.5 […]

Bank Term Funding Program Update: Ceasing New Loans, Adjusted Interest Rates, and Implications for Market Stability

The issuance of new loans under the Bank Term Funding Program ends as scheduled on March 11. Eligible institutions can continue accessing the program for […]