Financial Crisis

Bangladesh formally requests $4.5 billion loan from IMF to combat ongoing financial crisis

In a letter to IMF Managing Director Kristalina Georgieva, the Government of Bangladesh sought the loan as a balance of payment and budget support as well as to mitigate the effects of climate change

Jeweller poisons wife, minor sons before committing suicide over financial crisis in Madhya Pradesh

The incident took place in Badi town of the district on the intervening night of Monday and Tuesday

Shagufta Ali seeks help for treatment, says financial crunch made her sell car, jewellery

"I need immediate financial help and also work to survive," Shagufta Ali said while confessing to her financial troubles

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

“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

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

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

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

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

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