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Bank Of-america-merrill-lynch - Total results - 68
New Boeing 737 MAX documents show 'very disturbing' picture about safety issues, says official
Business

New Boeing 737 MAX documents show 'very disturbing' picture about safety issues, says official

The latest revelations make it clear that despite shaking up its leadership, Boeing will continue to face questions well into 2020 over the actions that led to the crashes as it tries to win approval to return the MAX to service and to restore its damaged reputatio

Consumer demand muted during Diwali festival; GDP growth may fall to 5.8% in current fiscal: Report
Business

Consumer demand muted during Diwali festival; GDP growth may fall to 5.8% in current fiscal: Report

Despite efforts mounted by the government, demand has been "muted" during the festive time, and this leads to a 0.30 percent cut in FY20 GDP growth forecast to 5.8 percent, a foreign brokerage said on Monday

Bank of America Merril Lynch is betting on banks slashing lending rates by 50 bps by March
Business

Bank of America Merril Lynch is betting on banks slashing lending rates by 50 bps by March

RBI surprisingly cut its key lending rate by 0.25% to 6.25 as it sought to up the sagging growth amid a slowdown in inflation at its 7 February policy

RBI capital transfer: Bimal Jalan panel likely to get extension to finalise report; govt to replace its representative after SC Garg's transfer
Business

RBI capital transfer: Bimal Jalan panel likely to get extension to finalise report; govt to replace its representative after SC Garg's transfer

The government and the RBI, during the tenure of the previous governor Urjit Patel, had been at loggerheads over the surplus capital with the central bank.

Brewing giant AB InBev seeks to raise $9.8 bn for Asia unit in world's largest IPO this year; deal to be a welcome boost to Hong Kong
Business

Brewing giant AB InBev seeks to raise $9.8 bn for Asia unit in world's largest IPO this year; deal to be a welcome boost to Hong Kong

AB InBev has previously said an IPO of its Asia business could help create a brewing champion for the region such as Budweiser or Corona.

RBI Monetary Policy 2019 Updates: Nifty around 11,900, Sensex down by 300 points as central bank cuts repo rate by 25 bps to 5.75%
Business

RBI Monetary Policy 2019 Updates: Nifty around 11,900, Sensex down by 300 points as central bank cuts repo rate by 25 bps to 5.75%

Slashing benchmark lending rates for the third time this year, RBI cut its repo rate by 0.25 per cent Thursday and said its future monetary policy stance will be more accommodative.

Former governor Bimal Jalan panel on RBI's Economic Capital Framework to submit report next month
Business

Former governor Bimal Jalan panel on RBI's Economic Capital Framework to submit report next month

The six-member Jalan panel was appointed on December 26, 2018 to review the Economic Capital Framework for the RBI

Oil slips from five-month high as sluggish economic outlook counters tight market, Brent futures at strongest level
Business

Oil slips from five-month high as sluggish economic outlook counters tight market, Brent futures at strongest level

Despite the economic concerns, global oil markets are tight, and Brent and WTI crude oil futures have risen by 40% and 30% respectively since the start of the year.

RBI cuts repo rate by 25 bps: Analysts expect another reduction in June on growth concerns, lower inflation forecast
Business

RBI cuts repo rate by 25 bps: Analysts expect another reduction in June on growth concerns, lower inflation forecast

A reduction in June will make it three cuts in a row, after the second consecutive interest cut of 25 bps effected earlier in the day after a similar move in February.

Government can fund cash dole-outs with bonds or higher taxes: Report
Business

Government can fund cash dole-outs with bonds or higher taxes: Report

The study comes amid a rash of UBI-like promises being made ahead of the general elections beginning 11 April through 19 May

Crude oil prices hover close to 2019 highs on OPEC output cuts, US sanctions against Iran and Venezuela
Business

Crude oil prices hover close to 2019 highs on OPEC output cuts, US sanctions against Iran and Venezuela

Brent crude oil futures were up 20 cents at $67.74 per barrel, also close to this year’s peak of $68.14 marked late last week.

Oil prices fall as China trims 2019 economic growth target; OPEC-led efforts to cut output offer support
Business

Oil prices fall as China trims 2019 economic growth target; OPEC-led efforts to cut output offer support

The US West Texas Intermediate (WTI) crude oil futures were at $56.28 per barrel at 0426 GMT, down 31 cents, or 0.6 percent, from their last settlement.

Budget 2019: Govt set to miss fiscal deficit target by a full 40 bps, says Bank of America Merrill Lynch report
Business

Budget 2019: Govt set to miss fiscal deficit target by a full 40 bps, says Bank of America Merrill Lynch report

The government is set to breach the fiscal deficit target yet again by 40 bps for 2018-19, and raise the target to 3.5 percent for next fiscal in the forthcoming budget that may be skewed towards the rural economy, says a foreign brokerage report

RBI may cut rates by 0.25% in February or April policy review: Bank of America Merrill Lynch report
Business

RBI may cut rates by 0.25% in February or April policy review: Bank of America Merrill Lynch report

"We expect the RBI MPC (monetary policy committee) to roll back at least 0.25 percent of the 0.50 percent rate hike, in February or April," the American brokerage said

RBI may infuse another Rs 1.6 lakh crore via open market operations in March quarter: Bank of America Merrill Lynch
Business

RBI may infuse another Rs 1.6 lakh crore via open market operations in March quarter: Bank of America Merrill Lynch

BofAML said it does not rule out the possibility of the RBI cutting the cash reserve ratio (CRR) by 1 per cent if foreign portfolio investors (FPI) flows remain weak.

RBI can transfer Rs 1 lakh crore of excess reserves to govt: Bank of America Merrill Lynch report
Business

RBI can transfer Rs 1 lakh crore of excess reserves to govt: Bank of America Merrill Lynch report

"We expect the proposed committee on the RBI's economic capital framework (ECF) to identify Rs 1-3 trillion which is 0.5-1.6 percent of GDP as excess capital," analysts at Bank of America Merrill Lynch said in a note on Monday.

Power sector NPAs: Govt and banks may have to float AMC/ARC to resolve crisis, says BofAML
Business

Power sector NPAs: Govt and banks may have to float AMC/ARC to resolve crisis, says BofAML

The BofA-ML analysts estimated the total stressed assets in power sector at $51.6 billion, with banks holding a bulk $36.1 billion and dedicated non-bank lenders like Power Finance Corporation and Rural Electrification Corporation having $15.5 billion

Inflation peaking off; August CPI likely at 3.8%, says Bank of America Merrill Lynch report
Business

Inflation peaking off; August CPI likely at 3.8%, says Bank of America Merrill Lynch report

Retail inflation fell to 9-month low of 4.17 percent in July on declining vegetable prices.

RBI seen launching $30-35 bn NRI bond to prop rupee up in Q3: BoA Merrill Lynch report
Business

RBI seen launching $30-35 bn NRI bond to prop rupee up in Q3: BoA Merrill Lynch report

After the rupee hit 68.85 in summer of 2013 following the taper tantrum talks by the US Fed, the RBI was forced to launch the maiden NRI bonds and mopped up $30 billion with a three-year maturity

Farm loan waivers to touch $40 billion by 2019 Lok Sabha elections, says Bank of America Merrill Lynch report
Business

Farm loan waivers to touch $40 billion by 2019 Lok Sabha elections, says Bank of America Merrill Lynch report

Farm loan waivers, along with minimum support price (MSP) hikes, will support rural demand at a time of stress, says the report