Financial Crisis

Forrester: 'Prolonged' Recession Could Affect IT Purchases

On a full year 2009 basis, a sustained recession could lead to annual US IT spending growth of 2-3 percent and global IT spending growth of 3-4 percent.

Davos 2017: World Economic Forum is losing relevance; here's what it means for global economy

While Davos will continue to be conducted in future, the coverage in the media would tend to reduce as the relevance of these meetings diminishes over time unless there is a change of thinking and action at White House

Demonetisation: Services activity contracts in Nov as consumers cut spending

It was also the biggest one-month drop since November 2008, just after the collapse of Lehman Brothers triggered the global financial crisis

Global debt at a record $152 trillion, spend more to boost flagging growth, says IMF

The IMF said about about two thirds of the 2015 total, or about $100 billion, is owed by private sector borrowers, and noted that rapid increases in private debt often lead to financial crises.

No indication of financial crisis from Brexit, says US Treasury Secy

Following a decision to exit the EU, Britain would need to negotiate the terms of its withdrawal and a new relationship with the EU.

Rio declares financial emergency, requests funding for 2016 Olympics

Greece bailout: Eurozone ministers agree to give more loans

Eurozone finance ministers on Wednesday agreed to extend further bailout loans to Greece as well as debt relief, in what they called a "major breakthrough".

Foreign banks not expanding as India's credit rating risky: Raghuram Rajan

India has been assigned lowest investment grade rating with a high risk profile by various global agencies

Easy money can't be forever: A simple reason why US Fed “really” raised interest rates

Greek banks set to reopen today, cash withdrawal restrictions remain

Greek banks are reopening on Monday after a forced 3-week closure but restrictions on cash withdrawals will remain.