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.”
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.
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.
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.
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.
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.
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.
January 22, 2014 2:50 am
The risks policymakers face are slower US growth, euro zone deflation and bad loans in China.
December 05, 2013 12:59 am
Penalty is the biggest yet to be handed down to banks for rate-rigging.
November 06, 2013 7:45 pm
Various external agencies had lowered their India growth projections for this financial year.