You Searched For "1997 Asian financial crisis" and got 17 results
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4 mins read
Bangladesh garment industry faces crisis amid political unrest and floods
The garment sector in Bangladesh, a cornerstone of the national economy, encountered major disrupti…
PTI
2 mins read
The yen weakening to 150 against the dollar could spark a financial crisis in Asia, famed economist Jim O'Neill says
China will see more yen weakness as an "unfair competitive advantage," Jim O'Neill told Bloomberg 2…
Carla Mozée
1 min read
Indonesia in recession for first time in 22 years
A fall of 5.32 per cent in the second quarter of 2020 has pushed Indonesia into a recession. …
4 mins read
SIMPLY PUT: Why Sri Lanka is going through an economic meltdown
India’s southern neighbour is now struggling to provide electricity, fuel and basic essent…
2 mins read
A Russian debt default could spill over into emerging markets including China, according to Yale economist Stephen Roach
According to Yale University fellow, Stephen Roach any potential Russian default would spill over i…
Adam Morgan McCarthy
1 min read
From the Covid-19 panic to the Dutch Tulip mania in 1637, here are 10 of the worst stock market crashes in history
CHICAGO - SEPTEMBER 29: Jeff Linforth stands at the Chicago Board of Trade signal offers in the Sta…
Shalini Nagarajan
1 min read
Sri Lankan Prime Minister resigns as protesters storm the president's official residence in response to financial crisis
Protesters stormed the home of Sri Lanka's President Gotabaya Rajapaksa, in the commercial capital …
Bethany Dawson
2 mins read
China's Evergrande plunges as much as 14% after $2.6 billion sale falls through, as trading resumes in Hong Kong
The enormous Chinese property developer Evergrande is on the brink of default, raising fears of con…
Harry Robertson
1 min read
Gen Zers know they're stereotyped as 'snowflakes' but say they're resilient, having lived through the pandemic and 2008 financial crisis, report says
Gen Z considers itself resilient and practical after having lived through a financial crisis, pande…
Kate Duffy
1 min read
It's just not the British pound that's getting pummeled. Bond yields in the UK are now trading at Global Financial Crisis levels
The two-year gilt's yield jumped as high as 4.761%, the most since 2008 and up from about 4.5% on M…
Brian Evans
5 mins read
Members of Gen Z were born between 1997 and 2012. Here are 7 events that have defined their lives so far.
COVID-19 and school shootings, among others, have shaped the young generation.
Elana Klein
2 mins read
Vaccine progress means the economic damage inflicted by coronavirus will be just a fraction of losses seen in the 2008 financial crisis, BlackRock says
"Positive news on COVID vaccines gives us greater confidence that the economic restart can re-accel…
Emily Graffeo
1 min read
China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low
The People's Bank of China issued a stark warning to traders speculating against the note, sending …
Joseph Wilkins
3 mins read
Asian shares ended lower after Switzerland's UBS seals deal to acquire Credit Suisse
Investors are still looking to the Federal Reserve's interest rate decision later this week for fur…
Huileng Tan
3 mins read
The Evergrande crisis and Beijing's tech crackdown have rattled investor confidence in China, but 2 experts say they're still bullish on the world's 2nd-largest economy
"I believe very strongly that Chinese tech will weather the current rough storms," Fred Hu of Prima…
Isabelle Lee
2 mins read
Evergrande's whopping $81 billion loss is almost triple Iceland's GDP - it's a reflection of China's deepening property crisis
After failing to finish projects and repay lenders, Evergrande now holds the unfortunate title as t…
Joseph Wilkins
2 mins read
People are waiting in line for days to get gas in Sri Lanka as the country's economic crisis deepens
Sri Lanka is facing one of the worst economic crises in modern history, with its government lacking…