ICICI hits overseas debt market with $500 mn issue

Last Updated: Wednesday, August 5, 2015, 19:43

India's largest private sector lender ICICI Bank Wednesday hit the US dollar debt market with a benchmark issue, under which it plans to raise up to USD 500 million, market sources said.

India's exports to Greece fall 15% on debt crisis: Govt

Last Updated: Wednesday, August 5, 2015, 19:40

The financial crisis in Greece has led to a 15.45 percent fall in India's exports to the European nation during the first quarter of this fiscal, Parliament was informed Wednesday.

Ukraine`s crucial debt talks hit new hurdle

Last Updated: Wednesday, August 5, 2015, 18:14

Ukraine and its creditors hit a new stumbling block Wednesday after a new debt restructuring offer from Kiev and call for a "decisive" final meeting drew only a lukewarm response.

Greek finance minister says bailout deal possible by August 20

Last Updated: Wednesday, August 5, 2015, 01:14

Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.

Ukraine`s debt faces `high risks`: IMF

Last Updated: Wednesday, August 5, 2015, 01:06

The IMF, which recently released a loan installment for Ukraine, said Tuesday it views the country`s debt as sustainable but facing "exceptionally high" risks linked notably to the pro-Russian conflict.

Puerto Rico defaults on bond payment: Moody`s

Last Updated: Tuesday, August 4, 2015, 05:03

The US territory of Puerto Rico, deep in economic crisis, has defaulted on part of its $73-billion debt by missing a bond payment due on Monday, rating firm Moody`s said.

Gold extends weakness after worst month in 2 years

Last Updated: Monday, August 3, 2015, 08:25

Spot gold was down 0.2 percent at $1,092.80 an ounce by 0019 GMT. The metal fell as low as $1,079.50 on Friday before recovering at the close. That was near last month`s trough of $1,077, its weakest since February 2010.

Greece's stock market to reopen today after five-week shutdown

Last Updated: Monday, August 3, 2015, 06:04

Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight.

Greek bailout talks with auditors begin

Last Updated: Saturday, August 1, 2015, 13:17

Senior EU-IMF auditors has held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen after being shut down for over a month by the debt crisis.

IMF calls for Greek debt relief 'compatible' with EU agenda

Last Updated: Friday, July 31, 2015, 20:38

The EU said on Friday that the International Monetary Fund's calls for debt relief for Greece are "fully compatible" with the agenda in Brussels for negotiating a third Athens bailout.

Greek bailout talks shift into higher gear

Last Updated: Friday, July 31, 2015, 18:28

Greece's talks with its international creditors on a third bailout worth 85 billion euros (USD 93 billion) shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens.

Kingfisher Airlines caused Rs 290 crore loss to AAI, says CAG

Last Updated: Thursday, July 30, 2015, 21:20

Bogged down by mounting debt and operational issues, the Vijay Mallya-owned KFA was grounded in 2012 after aviation regulator DGCA cancelled its licence.