{"id":1899805,"date":"2023-03-16T18:55:41","date_gmt":"2023-03-16T22:55:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/australia-closely-monitoring-global-financial-turmoil-treasurer\/"},"modified":"2023-03-16T18:59:15","modified_gmt":"2023-03-16T22:59:15","slug":"australia-closely-monitoring-global-financial-turmoil-treasurer","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/australia-closely-monitoring-global-financial-turmoil-treasurer\/","title":{"rendered":"Australia \u2018closely monitoring\u2019 global financial turmoil -treasurer"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faustralia-closely-monitoring-global-financial-turmoil-treasurer%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1899805&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>SYDNEY (Reuters) \u2013     Australia is closely monitoring the current global financial turmoil, including the situation at Swiss lender Credit Suisse and some banks in the United States, Treasurer Jim Chalmers said on Friday.<\/p>\n<p>&#8220;Whether it&#8217;s Silicon Valley Bank and the steps taken by the American authorities, whether it&#8217;s Credit Suisse \u2026 we&#8217;re monitoring it very, very closely,&#8221; Chalmers spoke to ABC Radio.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>He stated that he received at least two updates per day from Australian authorities regarding the most recent global financial issues. <\/p>\n<p>On Thursday, large U.S. banks invested $30 billion in First Republic Bank to save the lender that was caught in a wider crisis. This came after two mid-sized U.S. lenders collapsed over the past week.<\/p>\n<p>The collapse of Silicon Valley Bank has caused global banking stocks to be battered. Credit Suisse was affected within days. Credit Suisse had to borrow as much as $54 billion from Switzerland&#8217;s central Bank to replenish liquidity.<\/p>\n<p>Chalmers claimed that there were some reliefs after Credit Suisse was assisted by the Swiss central bank. The U.S. authorities also stepped in and guaranteed all Silicon Valley Bank deposits.<\/p>\n<p>There were some moves. &#8220;calming effect&#8221; However, Chalmers noted that vulnerability and uncertainty remained in the global financial market. He said that Australia was able to withstand some volatility.<\/p>\n<p>&#8220;Our banking system is really well capitalised, it&#8217;s got a really strong liquidity position, it&#8217;s well regulated and we are well placed in Australia,&#8221; Chalmers stated.<\/p>\n<\/p>\n<p> (Reporting by Renju Jos\u00e9 in Sydney; Editing By Stephen Coates<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Teachers from the nation&#8217;s second-largest school district say that if they aren\u2019t satisfied, they will strike for three days.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>New numbers show shocking statistics about how many New York Police officers have left the city since the beginning of the year. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The Department of Justice files a suit against Rite Aid, alleging the drug store filled\u00a0fraudulent subscriptions of opioid drugs and violating the Controlled Substances Act.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The deadline for documents concerning the origins and use of COVID was missed by both the FBI and State Department.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By David Shepardson WASHINGTON (Reuters) -The chair of a U.S. House of Representatives panel wants TikTok CEO Shou Zi Chew to address\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Muvija M and Kylie MacLellan LONDON (Reuters) \u2013 Britain said on Thursday it would ban TikTok on government phones with immediate\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Jeffrey Dastin (Reuters) -Microsoft Corp on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users,\u2026 <\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/www.oann.com\/business\/australia-closely-monitoring-global\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=australia-closely-monitoring-global\">Australia \u2018closely monitoring&#8217; global financial turmoil -treasurer<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY (Reuters) \u2013 Australia is closely monitoring the current global financial turmoil, including the situation at Swiss lender Credit Suisse and some banks in the United States, Treasurer Jim Chalmers said on Friday. \u201cWhether it\u2019s Silicon Valley Bank and the steps taken by the American authorities, whether it\u2019s Credit Suisse \u2026 we\u2019re monitoring it very<\/p>\n","protected":false},"author":66,"featured_media":1899806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[8960,19114,4263,5179,12468,6434,14848],"class_list":["post-1899805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-australia","tag-closely","tag-financial","tag-global","tag-monitoring","tag-treasurer","tag-turmoil"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1899805"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1899806"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1899805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1899805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1899805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}