could be looking at higher risk of recession and the depth could be more than anticipated at the moment. at the moment. ok, that s really interesting. - at the moment. ok, that s really interesting. martin, | really interesting. martin, thank you. good to get take on all of that. needless to say we will be across the decisions from the fed so keep with the bbc for that. well, lets look in more detail now at the fall out following the collapse and rescue of first republic bank. thejp morgan takeover of the troubled bank hasn t calmed investor nerves, with us regional banks continuing to see a sharp sell off during tuesday s trading session. los angeles based pacwest shares tumbled by more than 27% and arizona based lender western alliance ended 15% lower. both of these banks have assets of over $40 billion. so when will the selling end? craig erlam is senior market analyst at oanda. good morning to you craig.
pull back an expansion is expected. it is crucial to track this, considering how the adani group has aligned most of its expansion projects and plans in line with the country s economic priorities. adani has already cut its capital investment plans to halve. currently, any clarity on an independent audit in the company s books has come under pressure and the concerns and rating agencies have downgraded and discretion from foreign partners to conduct an audit. there has been on hold but on the green hydrogen project depending on an audit. stock regulating auditors have said they are probing allegations raised by hindenburg and the market volatility poster. analysts feel a lot more is needed to soothe investor nerves and a clear and transparent communication from the management is the key start with. stay with us on
banks at senior levels. now the spokesperson adding that other managers taken over recent days will be in place after october the 14th to ease some pressures around pension funds. but the top line is the bank s emergency bond buying scheme, the emergency programme that the bank undertook after the market turmoil caused by the government s mini budget here in the uk last month in order to buy government debt and to try to calm investor nerves and calm the markets, that scheme is closing this friday. in spite of those reports that it was considering extending the programme. so a pretty significant announcement they re coming just a couple of hours before the uk prime minister liz truss is due to make her first appearance at prime minister s questions sense that mini budget last month. it will be interesting to see how the government responds
on the news the blue chip shanghai composite shedding over five percent in beijing chinese officials sought to ease investor nerves. what did you could offer what i can tell you is that the chinese team is preparing to go to the united states for consultation with ten rounds of talks have taken place and positive progress has been made and i think it s imperative that the united states and china work together to achieve mutually beneficial and win win agreements on the basis of mutual interest in you don t. there had been worries that china s chief trade negotiator you hey wouldn t head to washington this week now beijing says he ll go that s a small step forward. yes carter our financial correspondent joins us now from new york now yes wall street had been hearing for weeks that a trade deal was imminent where has it all gone wrong. yeah there were reports here