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Saturday, September 18, 2021

financial crisis

FINANCIAL CRISIS NEWS

‘Unsustainable, alarming’: TN govt flags major financial crisis, says structural changes needed

August 10, 2021 7:10 am

Releasing a white paper that also flagged the state’s massive debt, Finance Minister Palanivel Thiaga Rajan blamed the previous AIADMK government for the shaky finances and said: “Revenue generation has come down. A government without revenue cannot address problems.”

Argentina races to curb a financial crisis

September 03, 2019 12:58 pm

The value of the peso has plunged around 25% since the primary amid a broad sell-off of Argentine assets and debt. Argentina’s Central Bank has also been hemorrhaging reserves as it has tried to shore up the peso.

Greece in limbo: Shuttered banks keep lifeline

July 02, 2015 11:08 am

Greece is seeking a third bailout from the eurozone rescue fund after the previous deal expired this week without agreement on the terms of final pay outs.

Broke North Corpn searches all its pockets

May 28, 2015 1:36 am

As salaries become due once again and pensions remain pending for approximately a year, the corporation is looking at some grant-in-aid from the Delhi government.

Not so festive

September 12, 2014 1:00 am

Mumbai Film Festival’s financial crisis brings into sharp focus several loopholes and the lackadaisical attitude of patrons of cinema.

Yellen prepares Wall Street for more wholesale funding rules from US Fed

April 16, 2014 1:39 am

In a video speech, Yellen praised new liquidity standards for global banking firms, but warned that they do not apply to so-called shadow banks or to the financial system.

BoE holds fire ahead of new guidance

February 07, 2014 1:02 am

Britain’s economy last year staged a surprise turnaround and markets are pricing in at least some chance of a rate hike late this year.

Davos dilemma: how to help, not harm, world’s fragile recovery

January 22, 2014 2:50 am

The risks policymakers face are slower US growth, euro zone deflation and bad loans in China.

EU fines six banks $2.3 bn for benchmark rigging

December 05, 2013 12:59 am

Penalty is the biggest yet to be handed down to banks for rate-rigging.

Higher growth in India possible if complex policy issues resolved: ADB

November 06, 2013 7:45 pm

Various external agencies had lowered their India growth projections for this financial year.