close
This ad will auto close in 10 seconds
IMF members to push spending, revive trade to boost growth

IMF members to push spending, revive trade to boost growth

The International Monetary Fund`s member countries on Saturday pledged to revive flagging global trade, boost government spending and remove barriers to business to fight weak growth that has left too many people behind.

RBI chief blames ‘overall economic downturn’ for bad loan issue as PAC asks to explain ‘real causes’

RBI chief blames ‘overall economic downturn’ for bad loan issue as PAC asks to explain ‘real causes’

Asked to explain the “real causes” of ballooning bad loans at public sector banks, RBI Governor Raghuram Rajan has put the blame on “overall economic downturn”, among other reasons, in his submission to the key Parliamentary Panel.

India performing well as compared to other nations: UN expert

India performing well as compared to other nations: UN expert

With India projected to grow at 7.8 percent in 2017-18, a UN expert said cautious macro economic policy, reduced inflation and some structural reforms have helped the country perform relatively well in an environment of global economic slowdown.

Shares tumble on global growth concerns; Treasury yields fall

Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky.

RBI extends realisation period for exporters to 12 months

This has been done in the wake of global economic slowdown leading to payment delay by the buyers abroad.

Global slowdown hurting developing countries the most: Suzuki

Economic slowdown is affecting developing countries the most even as loss of employment due to it has become a global phenomenon now, Noriyuki Suzuki of International Trade Union Confederation said here.

India can recover faster than China: RBI

India can recover from global economic slowdown faster than China as the economy is driven by domestic consumption, but the country needs to "get its act together" for this to happen, Reserve Bank Deputy Governor Anand Sinha said on Sunday.

'Global economic slowdown delays South Korean recovery'

Global economic slowdown caused mainly by Europe's fiscal crisis has been delaying South Korea's economic recovery, the nation's finance minister said Monday.

China's export hub hit hard by global economic slowdown

Hit hard by global economic downturn, many firms in China's export hub Wenzhou are closing down as they face a "more serious" situation than the 2008 financial crisis with big companies in the country posting sharp dip in profits.

Posco Q1 net plunges 42% on price cuts, high material costs

Posco, the world's third-largest steelmaker by output, said Friday its first-quarter net profit fell 42 percent from a year earlier as lower product prices and higher raw-material costs cut into the bottom line.