financial crisis

financial crisis News

Argentina races to curb a financial crisis

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

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

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

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

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

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

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

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

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

US govt,JPMorgan Chase reach tentative deal

JPMorgan Chase & Company has tentatively agreed to pay $13 billion to settle allegations...