Financial Crisis

Showing of 1 - 20 from 113 results
Financial Crisis - Total results - 113
Economy on course for full-year contraction this fiscal; recovery from COVID-19 disruptions remain clouded: DBS Bank
Business

Economy on course for full-year contraction this fiscal; recovery from COVID-19 disruptions remain clouded: DBS Bank

According to DBS, consumer discretionary sectors, production and services are likely to take longer to recover.

COVID-19 Impact: Foreign investors pull out $26 billion from Asian economies, over $16 billion from India
Business

COVID-19 Impact: Foreign investors pull out $26 billion from Asian economies, over $16 billion from India

“Foreign investors have pulled an estimated $26 billion out of developing Asian economies and more than $16 billion out of India, increasing concerns of a major economic recession in Asia,” independent Congressional Research Center said in its latest report on global economic effects of COVID-19.

Economy weakened to 8-year low this quarter likely to be battered further by coronavirus outbreak, finds report
Business

Economy weakened to 8-year low this quarter likely to be battered further by coronavirus outbreak, finds report

India’s informal sector, the backbone of the economy, will be hardest hit as economic activity comes to a standstill

Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
Business

Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode

The Fed’s total balance sheet size exploded by more than half a trillion dollars in a single week, roughly twice the pace of the next-largest weekly expansion in the financial crisis in October 2008.

Asia stock markets hammered as coronavirus panic worsens; world financial markets, safe-haven assets ditched
Business

Asia stock markets hammered as coronavirus panic worsens; world financial markets, safe-haven assets ditched

The plunge, as the coronavirus pandemic spreads, gathered pace after U.S. President Donald Trump spooked investors with a move to restrict travel from Europe, and after the European Central Bank disappointed markets by holding back on rate cuts

Oil prices jump more than 6% after biggest one-day fall since 1991; sparks hope price war by Saudi Arabia, Russia will not be sustained
Business

Oil prices jump more than 6% after biggest one-day fall since 1991; sparks hope price war by Saudi Arabia, Russia will not be sustained

Both benchmarks dropped to their lowest since February 2016 in the previous session and recorded their biggest one-day percentage declines since 17 January, 1991, when oil prices fell at the outset of the US Gulf War

Market opens in red: Sensex slips 115 points to 38,509, Nifty below 11,300-mark; IndusInd, Tata Steel among major losers
Business

Market opens in red: Sensex slips 115 points to 38,509, Nifty below 11,300-mark; IndusInd, Tata Steel among major losers

Sensex was trading 47.12 points, or 0.12 percent, lower at 38,576.58, and the NSE Nifty slipped 10.20 points, or 0.09 percent, to 11,293.10

US banks in coronavirus contingency mode with staff, visitors, regulators; fear looms about epidemic leading to global recession
Business

US banks in coronavirus contingency mode with staff, visitors, regulators; fear looms about epidemic leading to global recession

The preparations come amid growing fears that the fast-spreading virus which has infected around 83,000 people in more than 50 countries could lead to a global recession

Gold set for third monthly gain; coronavirus pandemic fears lift rate-cut bets, epidemic may result in global, US recessions
Business

Gold set for third monthly gain; coronavirus pandemic fears lift rate-cut bets, epidemic may result in global, US recessions

Spot gold was unchanged at $1,642.03 per ounce. The metal was on track for a third straight monthly gain, advancing over 3.5 percent so far this month.

Could climate change be responsible for the next financial crisis? Yes, says a new report
Business

Could climate change be responsible for the next financial crisis? Yes, says a new report

Banks spent last decade pulling out their economies from 2008 financial crisis, might spend next decade dealing with climate change.

Fed grappling with methods to fight next recession; hunts for new model in low-interest rate world
Business

Fed grappling with methods to fight next recession; hunts for new model in low-interest rate world

At a three-day conference in San Diego on an array of economic topics, one stood out: The textbook view of central banking, where low unemployment produces unwanted inflation that monetary policymakers can counter with interest-rate hikes, is at least badly hobbled if not fully broken

Does DHFL deserve an IL&FS style bailout; Moneycontrol Pro experts' stocks pick; read this and more on Moneycontrol Pro
Business

Does DHFL deserve an IL&FS style bailout; Moneycontrol Pro experts' stocks pick; read this and more on Moneycontrol Pro

DHFL is IL&FS 2.0 not only because both have defaulted on their commitments but also because no one has any idea of the mess the two NBFCs are in

Deficit need not be a dirty word; Modi 2.0 should ease up on fiscal fetish to put economy back on the runway
Business

Deficit need not be a dirty word; Modi 2.0 should ease up on fiscal fetish to put economy back on the runway

It is time for Narendra Modi's government to act in the interest of the future of the economy and do some unconventional things

Jet Airways crisis: SBI-led consortium announces new measures, but keeping a debt-ridden airline floating won't be easy
Business

Jet Airways crisis: SBI-led consortium announces new measures, but keeping a debt-ridden airline floating won't be easy

The financial situation at Jet Airways is precarious and the broader banking sector is facing greater risks with regard to outstanding debt-related to this airline.

Fed announces plan to end balance sheet runoff in September if economy evolves 'about as expected'
Business

Fed announces plan to end balance sheet runoff in September if economy evolves 'about as expected'

When completed, the Fed would still likely have at least $3.5 trillion in bonds, more than four times the roughly $800 billion it had heading into the crisis more than a decade ago.

Jet Airways' pilots write to Prime Minister Narendra Modi, civil aviation minister to intervene, urge management to pay salaries
Business

Jet Airways' pilots write to Prime Minister Narendra Modi, civil aviation minister to intervene, urge management to pay salaries

Naresh Goyal-led Jet Airways is facing the worst financial crisis of its 25-year existence with more than $1 billion of debt

Rupee likely to depreciate further to 78 per dollar in 2019 on widening fiscal and current account deficits: Report
Business

Rupee likely to depreciate further to 78 per dollar in 2019 on widening fiscal and current account deficits: Report

According to Karvy, this is expected to be a "mixed year" for the commodities and currencies market and the rupee may depreciate further

Carlos Ghosn's lawyer says Nissan agreed on transfer of currency contracts, denies financial misconduct charges
Business

Carlos Ghosn's lawyer says Nissan agreed on transfer of currency contracts, denies financial misconduct charges

Ghosn has been arrested on allegations including aggravated breach of trust in shifting personal investment losses worth $17 million to the carmaker during the 2008–2009 financial crisis.