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2 mins read
PM Modi congratulates RBI Governor Das on A+ rating in Global Finance Report
Prime Minister Narendra Modi, on Wednesday, congratulated Reserve Bank of India's (RBI) Governor, S…
ANI
5 mins read
PM Modi heads to Italy today for G7 Summit, first overseas visit after assuming office for third term
Rao said that PM Modi will play an important role in one of the global platforms, to engage with ot…
ANI
2 mins read
Russia's war-driven economic growth is a mirage, and more sanctions are needed to keep pressure on, European finance ministers say
"When taking a closer look at the signals, it becomes clear that everything is not as rosy with the…
Filip De Mott
4 mins read
Inadvisable shortcut, a step too far, and dire consequences — the IMF warns countries against using Bitcoin as a national currency
The IMF termed El Salvador's take on Bitcoin as a ‘shortcut’. According to the fund, Bitco…
3 mins read
IMF urges Europe to provide more monetary and fiscal support to prevent further damage to the eurozone economy
Rising infections and re-imposed lockdowns have damaged confidence and raised the risks to the euro…
Amanda Cooper
2 mins read
Europe risks losing 15 million jobs if new economic support isn't approved, IMF says
A mix of public- and private-sector support totaling 2% to 3% of GDP would best counteract the equi…
Ben Winck
2 mins read
The EU should seize Russia's currency reserves to fund the rebuilding of Ukraine, the bloc's leading diplomat says
The EU, the US and allies froze the bulk of Russia's more than $600 billion of foreign currency res…
Harry Robertson
2 mins read
An embargo on Russian oil would trigger a recession in Europe and investors are underpricing disruptions to energy supplies, Barclays says
"Any restrictions of flows would put further pressure on energy prices and could even result in rat…
Carla Mozée
2 mins read
European Union votes against banning Bitcoin-like cryptos that use proof-of-work method
A proposal to ban mining and transactions of energy-intensive cryptocurrencies like Bitcoin, Ethere…
2 mins read
India's forex reserves are at a comfortable position says Piyush Goyal
India's commerce and industry Minister Piyush Goyal has stated that the country is in a position to…
PTI
2 mins read
European Central Bank holds interest rates and bond-buying steady as it weighs up the eurozone's recovery
The ECB's main interest rate will stay at -0.5%, while the coronavirus bond-buying package will sta…
Harry Robertson
3 mins read
European shares rise ahead of more ECB stimulus, while another delay to Brexit talks hit the pound
European shares edged higher ahead of an expected boost to monetary stimulus from the ECB, while th…
Amanda Cooper
2 mins read
The eurozone fell into a double-dip recession in the first quarter as it grappled with COVID-19 and a botched vaccine rollout
GDP shrank for the second quarter running, but economists say the worst should be behind the 19-mem…
Harry Robertson
2 mins read
Why the staggering costs of climate change on India are much more than monetary losses
India saw $79.5 billion in economic losses between 1998 and 2017 due to climate-change disasters, r…
4 mins read
George Soros says Europe should tap up an obscure bond used during the Napoleonic Wars to save itself from a coronavirus depression
Consols, also known as perpetual bonds, were used by the US in the 1870s and by the UK during the F…
Saloni Sardana
2 mins read
A no-deal Brexit could cause a 10% to 20% drop in UK bank stocks and a 6% to 10% decline for London's FTSE 250, Morgan Stanley says
Concern around negative rates were a factor in assessing a possible negative impact on UK bank stoc…
Shalini Nagarajan
4 mins read
The European Union's $826 billion stimulus plan to battle the coronavirus is 'too small and too late,' analysts say
While Bank of America analysts believe the EU fund is a decent starting point, they say it is "too …
Shalini Nagarajan
5 mins read
Quantitative easing explained: How this monetary policy affects you and your money
Quantitative Easing (QE) is a monetary policy where the central bank buys long-term securities in t…
Jim Probasco
2 mins read
ECB chief Christine Lagarde warned of a 15% plunge in Europe's economy during the coming coronavirus recession
Eurozone leaders have already announced a stimulus package of more than 500 billion euros to protec…
Shalini Nagarajan
1 min read
Greece crisis: Moody's cut its rating after default
The credit rating agency also warned that it is now less likely that official creditors will supp…