global financial crisis

International banking must for better growth prospects: World Bank

In its annual ‘Global Financial Development Report 2017/2018: Bankers without Borders”, the World Bank said that international banking can have important benefits for developmen,but is no panacea and carries risks.

Nov 08, 2017, 15:14 PM IST

Services sector growth moderated to 7.7% in FY17: Economic Survey

However, software services exports, accounting for around 45.2 percent of total services, declined though marginally by 0.7 percent, it added.

Aug 11, 2017, 18:08 PM IST
Narayana Murthy tells IT honchos to take less salary and avoid layoffs

Narayana Murthy tells IT honchos to take less salary and avoid layoffs

Seeking to allay fears of slowdown in the Indian IT industry affecting jobs of techies, software major Infosys co-founder N.R. Narayana Murthy on Thursday advised executives to take home less pay and avoid lay-offs at the middle and lower rungs.

Jun 01, 2017, 22:55 PM IST

Britain sells its last remaining stake in Lloyds Banking Group

The takeover of HBOS in 2008 caused Lloyds to suffer more than 25 billion pounds in losses, with the bailout leaving the government with a 43 percent state shareholding.

May 17, 2017, 14:06 PM IST

Brexit a danger to US financial stability: Treasury

 Britain`s vote last month to exit the European Union has raised the danger level for US financial stability, according to a US Treasury Department report released Monday.

Jul 26, 2016, 02:49 AM IST
China posts slowest economic growth in 25 years

China posts slowest economic growth in 25 years

For the first time in 25 years, China's economy grew at its slowest pace at 6.9 percent in 2015, sparking global concerns over the health of the world's second largest economy and its impact on investors as the Communist giant embarked on painful economic reforms.

Jan 19, 2016, 09:03 AM IST

Japan's economic soft spot may continue, fear experts

Japan's economy slipping into a technical recession for the second time since Prime Minister Shinzo Abe came to office.

Nov 17, 2015, 14:24 PM IST
IMF Paper counters Rajan on easy policy being crisis-recipe

IMF Paper counters Rajan on easy policy being crisis-recipe

With RBI's Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an IMF research paper has countered his views and says monetary policy easing alone can't be blamed for triggering a financial crisis.

Jun 28, 2015, 11:24 AM IST

China April factory output grows 5.9%, misses forecasts

Central bank cut interest rates early this week for the third time in six months to lower companies` borrowing costs and boost activity.

May 13, 2015, 11:42 AM IST

IMF gave richer countries wrong austerity advice after crisis: Watchdog

The International Monetary Fund ignored its own research and pushed too early for richer countries to trim budgets after the global financial crisis, the IMF`s internal auditor said on Tuesday.

Nov 04, 2014, 23:38 PM IST

China Inc's spending cuts deepest in six years as economy slows

Chinese companies are on a pace to cut capital spending by around 7 percent this year, the biggest annual reduction since the global financial crisis, deepening an economic chill.

Oct 16, 2014, 13:57 PM IST

Oil price risks put inflation back in focus

Oil prices neared nine-month highs late last week, touching $115 a barrel.

Jun 22, 2014, 15:23 PM IST

Bank of America to pay $9.3 bn to settle mortgage bond claims

The settlement,includes $6.3 billion in cash and the rest in securities that Bank of America will purchase from the two housing finance entities.

Mar 27, 2014, 09:23 AM IST

British 2013 economic growth downgraded to 1.8%

Britain`s economy grew by less than previously thought last year, but still registered the fastest rate of growth since before the financial crisis, revised official data showed Wednesday.

Feb 26, 2014, 16:20 PM IST

RBS, S&P sued by European investors for $250 million crisis losses

Royal Bank of Scotland and rating agency Standard & Poor`s have been sued by a group of European institutional investors for damages of up to $250 million suffered on complex financial products in the lead-up to the global financial crisis.

Dec 05, 2013, 13:14 PM IST

European banks face 280-bn-euro capital shortfall: PwC

European banks will require 280 billion euros (USD 380 billion) of extra capital in 2014 to meet reforms aimed at avoiding a repeat of the global financial crisis, according to a report published Thursday.

Nov 28, 2013, 23:23 PM IST

Fund managers fumble even as stocks hit record highs

India's top 20 diversified equity funds, with USD 12.4 billion in assets, are up only 0.5 percent this year.

Nov 25, 2013, 13:28 PM IST

Speedier clearances no magic wand for India's infrastructure logjam

Growth in the latest quarter was the slowest since during the global financial crisis, and the rupee has tumbled ever deeper against the US dollar.

Sep 03, 2013, 08:55 AM IST

Migration from crisis countries up by nearly half: OECD

Migration from countries worst affected by the global financial crisis has jumped by almost half since 2009, despite a dwindling number of jobs in host nations, the OECD said in a report Thursday.

Jun 13, 2013, 21:43 PM IST

RBI chief Subbarao to attend IMF conference next month

Reserve Bank of India Governor Duvvuri Subbarao will share his perspective at an IMF conference here next month that will discuss policy pursued by various governments in the aftermath of global financial crisis.

Mar 29, 2013, 20:52 PM IST