IMF Paper counters Rajan on easy policy being crisis-recipe

Last Updated: Sunday, June 28, 2015, 11:24

With RBI's Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an IMF research paper has countered his views and says monetary policy easing alone can't be blamed for triggering a financial crisis.

Merkel says ''there isn''t much time left'' for Greece

Last Updated: Tuesday, June 9, 2015, 10:28

The German chancellor confirmed her intention to meet again with Greek Prime Minister Alexis Tsipras in Brussels on June 17 under the auspices of the EU summit meeting with the Community of Latin American and Caribbean States, or CELAC.

Eurozone bank stress tests set for 2016: Report

Last Updated: Sunday, June 7, 2015, 00:04

"There will be a public and general stress test next year. It could only concern a part of the 123 banks that we supervise directly," Nouy was quoted as saying by German paper Die Welt.

No financial crisis risk, but bad loans still a problem: Raghuram Rajan

Last Updated: Thursday, May 14, 2015, 21:37

Raising concern over rising bad loans at some banks, RBI Governor Raghuram Rajan Thursday said there was no danger of any financial crisis but it may be early to declare that the worst was over on the NPA front.

No financial crisis risk, but bad loans still a problem: Rajan

Last Updated: Thursday, May 14, 2015, 20:24

Raising concern over rising bad loans at some banks, RBI Governor Raghuram Rajan on Thursday said there was no danger of any financial crisis but it may be early to declare that the worst was over on the NPA front.

China April factory output grows 5.9%, misses forecasts

Last Updated: Wednesday, May 13, 2015, 11:42

Central bank cut interest rates early this week for the third time in six months to lower companies` borrowing costs and boost activity.

Goldman Sachs must face $120 million suit over mortgage securities-court

Last Updated: Thursday, May 7, 2015, 22:19

ACA says it lost approximately $900 million on the deal when the subprime mortgage market collapsed.

Morgan Stanley posts highest profit since financial crisis

Last Updated: Tuesday, April 21, 2015, 02:37

Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities.

Top US CEOs reaped billions from stock gains in recent years

Last Updated: Wednesday, March 25, 2015, 10:53

CEOs at large U.S. companies collectively realized at least $6 billion more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuters analysis. The reason for the windfall: the soaring value of their stock awards.

EU investment bank sees no new projects in Greece

Last Updated: Monday, February 23, 2015, 19:43

The EU`s investment bank said Monday it sees no need for new projects in Greece, focusing its efforts elsewhere to get the European economy back on track.

Buffett way ahead in $1 mn wager against hedge funds

Last Updated: Thursday, February 12, 2015, 23:24

On the eve of the 2008 financial crisis, a US hedge fund chief bet $1 million that his complex, high-cost strategies could beat the plodding approach of investment guru Warren Buffett.

Oil, coal and iron ore at financial crisis levels

Last Updated: Monday, December 15, 2014, 18:55

Tumbling oil, coal and iron ore prices are now all at levels last seen during or before the financial crisis of 2008/2009, signalling not only the impact of a glut of supplies but deeper weakness in parts of the global economy, analysts say.