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Global financial crisis News

16 Mar 2023

Global Uncertainty Rising, Need To Maintain 'Margins Of Safety': CEA

The chief economic advisor in the finance ministry also said that the nominal GDP growth for next fiscal has been assumed at 10.5 per cent, and though India remains optimistic, it is aware of the formidable array of challenges that confronts both developing and advanced economies.

16 Mar 2023

Global Uncertainty Rising, Need To Maintain 'Margins Of Safety': CEA

The chief economic advisor in the finance ministry also said that the nominal GDP growth for next fiscal has been assumed at 10.5 per cent, and though India remains optimistic, it is aware of the formidable array of challenges that confronts both developing and advanced economies.

international banking

08 Nov 2017

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.

Economic Survey

11 Aug 2017

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.

Indian IT industry

01 Jun 2017

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.

17 May 2017

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.

Brexit impact on US

25 Jul 2016

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.

19 Jan 2016

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.

17 Nov 2015

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.

28 Jun 2015

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.

Economy of China

13 May 2015

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.

04 Nov 2014

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.

Chinese companies

16 Oct 2014

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.

22 Jun 2014

Oil price risks put inflation back in focus

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

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