Banks yet to Tag Rs 3.5 Trillion Stressed Corporate Loans as NPAs: Report
Mumbai: Around Rs 3.5 trillion or 3.9% of the stressed corporate loans continue to remain unrecognised on the books of banks and nearly 40% of them may become dud assets by September 2020, warns a report. These More...
You could earn 17 times as much interest on your savings if you make one simple banking change
Online banks are leaving local banks in the dust when it comes to the interest rates offered on savings accounts. Yet many Americans have no idea. A full 62 percent of people surveyed by WalletHub last year did More...
India to retain status as fastest growing major economy in 2019-20: World Bank
Fuelled by policy reforms and rebound in credit, India’s economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world More...
Goldman Sachs: As long as consumers keep shopping, there’s hope for the economy
David Goldman | Getty Images Shoppers carrying bags walk up Fifth Avenue in New York City. For a market that’s become increasingly jittery over the U.S. economy, Goldman Sachs has a message: All is More...
Goldman Sachs warns about US companies’ emerging market exposure as Turkey crisis flares up
Mehmet Ali Ozcan | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan (not seen) is welcomed by Chinese President Xi Jinping as part of the 11th G20 Leaders’ Summit in Hangzhou, China, More...
Stocks skid as tech companies fall; oil plunge continues
U.S. stocks fell Friday as a combination of weak economic data from China and disappointing earnings hurt technology and internet companies. Crude oil prices fell for the 10th day in a row. Auto sales in China More...
LafargeHolcim cuts full-year earnings forecast as costs bite
LafargeHolcim increased its sales outlook for 2018 but reduced its profit expectations as the world’s largest cement maker reported better-than-expected earnings during its third quarter. The Swiss More...
China seen as firewall in emerging economies’ currency crisis
CHINA is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing’s defences. Emerging countries – loosely defined More...
Trade War Update: China Old Economy Debt Burdened As New Economy Faces Tariffs
Customers with Xiaomi Corp. branded shopping bags look at smartphones on display inside a Xiaomi store in Hong Kong, China, on Friday, July 6, 2018. The tussle over Xiaomi’s high valuation and concern More...
China’s New-Economy Shares Beat the Market as Lending Slows
Most stock indexes in Asia were slightly lower Monday, led by a 0.8% drop in the Shanghai Composite Index. Benchmarks in Korea and Taiwan declined 0.2% and 0.1% respectively. The Tokyo market was closed for a public More...