Economy | Page 3 Of 51

• Home
• News
• economy

India’s SBI says need to invest $331mn to rescue Yes Bank after RBI takeover

08-03-2020

State Bank of India said in a statement that it would require as little as 24.5 billion Indian Rupees or $331 million in order to purchase 49 per cent stakes of the recently collapsed Yes Bank Ltd.

White House considers tax break for airlines, travel firms amid coronavirus

08-03-2020

In the wake of a withering wave of coronavirus outbreak pouring scorns over the US airlines, cruise and travel industries, the Trump Administration has been contemplating an option to proffer tourism and aviation companies with steeper tax incentives

US reports robust job growth as coronavirus outbreak hits shores

07-03-2020

On Friday, the 6th of March 2020, the US Labour Department has reported an aggrandizement in job growth last month which would unlikely to survive a violent wave of coronavirus outbreak in the United States, suggested analysts

Fed to cut rate again in March, but success challenged as virus fear grows

07-03-2020

On Friday, the 6th of March 2020, an analysts’ poll comprises of Wall St. analysts, economists and journalists, said that the recent emergency Fed rate-cut by 50bps would follow another rate cut by 25 basis percentage point later this month

OPEC, Russia OPEC+ pact falls to pieces, crude oil prices in to tailspin

07-03-2020

On Friday, the 6th of March 2020, a three-year pact of OPEC members alongside Russia-led allies, often called as OPEC+ fell apart following an acrimonious round of marathon talks between OPEC members and Kremlin

Bank of Canada cuts benchmark rate to 1.25% over coronavirus fears

05-03-2020

On Wednesday, echoing the leads of US Federal Reserve’s emergency rate-cut by 50 basis percentage point to a target range between 1% to 1.25%, the BoC (Bank of Canada) had slashed its key borrowing cost to a decade-low 1.25%

Brazil’s economic growth sank to three-year low in 2019

05-03-2020

Late on Wednesday, the 4th of March 2020, official data had revealed that the largest economy of Latin America and the ninth-largest across the globe, Brazil, had witnessed an economic growth of 1.1 per cent in 2019

Crude oil prices mixed even as OPEC works on a 600,000-1 million bpd output cut

05-03-2020

On Wednesday, both US and UK crude oil futures’ prices were witnessing a havoc-scale side-way movement and failing to sustain yesterday’s (March 4th) upward momentum despite rumours of a larger-than-anticipated output cut of the OPEC+ nations

G7 makes no direct call for fiscal support on coronavirus, says 'We are not almighty'

05-03-2020

G7 leaders had not make any broad-based call for new Government expenses or a co-ordinated Central banks’ actions to cut interest rates at their Tuesday’s (the 3rd of March 2020) meet

World Bank announces up to $12 billion in immediate fund for coronavirus

04-03-2020

On Tuesday, the world’s largest lender for developing and emerging economies, the World Bank had issued a statement saying that it had allotted a stark sum of $12 billion which would be distributed immediately to assist the coronavirus-hit countries

US manufacturing sector contracts as coronavirus hits supply chain

04-03-2020

On Monday, the 2nd of March 2020, US economic data released from the Institute of Supply Chain Management (ISM) had signalled a likely recession for the US economy in a near-term outlook

US Fed axes interest rate by 50bps in emergency move to battle coronavirus risks

03-03-2020

On Tuesday, the 3rd of March 2020, in the early morning US trading hours (GMT. 16.00), the US Federal Reserve axed benchmark interest rate by 50 basis percentage point between 1.00 per cent and 1.25 per cent

Crude oil cruises more than 4% on hopes of OPEC output cut, fiscal stimulus

03-03-2020

On Monday, the 2nd of March 2020, both Brent and US crude futures’ prices had mushroomed more than 4 per cent after witnessing a plunge of as much as 15 per cent last week

Saudi economy posts 0.3% growth in 2019 as oil sector contracts

02-03-2020

On Sunday, the 1st of March 2020, official data from the Kingdom of Saudi Arabia, the second-largest crude oil producer across the globe, had signalled a likely holocaust for the resource-dependent nation’s economic outlook

Italy seeks carte blanche to increase budget deficit amid coronavirus crises

02-03-2020

Italy’s Finance Ministry had issued a statement saying that the Italian Government would put up a bill in to the Italian parliament as early as next week aimed at increasing the nation’s budget deficit

Russia sees 2020 economic growth between 1.5%-2.0% amid virus outbreak

02-03-2020

On Friday, the Central Bank of Russia (CBR) had projected an aggrandizement in economic activity in 2020 despite a rapidly spreading coronavirus outbreak across the globe

OPEC mulls production cut by another 1 million barrels per day due to coronavirus

01-03-2020

A number of OPEC (Organization of Petroleum Exporting Countries) members including the OPEC-kingpin Saudi Arabia, had been exploring an option to slash output further by 1 million barrels per day

China February factory activity contracts at record pace as coronavirus bites

01-03-2020

On Saturday, China’s National Bureau of Statistics had painted a perilous pandemonium over China’s factory activity, as manufacturing activities in China had contracted at the fastest pace in February on record

Crude oil posts biggest weekly plunge since 2016, dips to lowest over a year

29-02-2020

On Friday, the 28th of February 2020, both US and UK crude futures’ prices were plummeted for the sixth straight day in a row and tumbled to their lowest figure in more than a year

Goldman Sachs expects 75bps Fed rate-cut by June 2020

29-02-2020

On Friday, the 28th of February 2020, Goldman Sachs said that the US borrower was expecting the Federal Reserve to slash interest-rate by 75-basis points within the first half of the year

South Africa proposes public sector wages cut to contain an 18-yr high budget deficit

27-02-2020

On Wednesday, the 26th of February 2020, the Finance Minister of South Africa, the most industrialized nation in the African continent, said that the country would slash its public sector wage bill in order to weather a growing budget deficit

Oil prices plunge to more than 12-month lows as coronavirus spreads

27-02-2020

On Wednesday, the 26th of February 2020, in latest vindication of coronavirus outbreak’s potential financial fallouts across the globe, both US and UK crude futures’ prices were plummeted to more than a year low

US economy braces for coronavirus impact after CDC warning, global equities doomed

26-02-2020

On Tuesday, the 25th of February 2020, the US CDC (Centre for Disease Control and Prevention) said that the American nationals should begin preparation to duel with a fast-spreading flu-like coronavirus outbreak within the country

Crude oil collapsed 5% on demand concerns as coronavirus spread outside China

25-02-2020

On Monday, the 24th of February 2020, both US and UK crude oil futures’ prices went in to a tailspin and tumbled as much as by 5 per cent

South Africa set to hike personal income and excise taxes in budget

24-02-2020

South Africa, the most-industrialized country in the African continent, would likely to trim its ballooned budget deficit by raising financing through an added tax on personal earnings

1

3

5

12

51