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2 mins read
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…
Huileng Tan
1 min read
Wealthy Indians send kids overseas for education, says HSBC Survey
The Global Quality of Life 2024 survey commissioned by foreign lender HSBC said the United States i…
PTI
2 mins read
Mukesh Ambani and Gautam Adani account for $1 out of every $5 of foreign loans
While India Inc. borrowed $38 billion from foreign lenders, India’s richest men, Ambani and Adani a…
9 mins read
How private lenders have left millions of college students with no hope for the future
How the booming market for private loans saddled millions of students with $136 billion in debt tha…
Ayelet Sheffey
1 min read
India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources to…
Filip De Mott
2 mins read
The India attraction continues as foreign investors remain net buyers for fifth straight month
The India bull market run is all lights go with the Nifty and Sensex scaling new peaks daily. A key…
2 mins read
Foreign investors remain net buyers in Indian stocks sixth straight month
The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon V…
ANI
6 mins read
ICICI Bank vs HDFC Bank: How India’s top two private lenders have performed in Q4
India’s largest private lenders ICICI Bank and HDFC Bank have both declared their March quarter and…
3 mins read
FPI flows into Indian equities hit a 5-month high in May, outlook ‘improved significantly’ say analysts
Foreign portfolio investors (FPI) have stepped up their investments in Indian equities. FPIs pumped…
3 mins read
HDFC-HDFC Bank merger to bring foreign inflows of up to $3 billion
India’s largest private-sector lender HDFC Bank and largest housing finance company HDFC are all se…
1 min read
Rupee reverses 4-day losing streak, rises 18 paise to 82.58/USD
The rupee reversed its four-day losing streak and rose 18 paise to 82.58 (provisional) against the …
PTI
1 min read
Binance's US unit gets court approval to move forward with $1 billion bid for bankrupt crypto lender Voyager's assets
The court approval moves Voyager Digital customers closer to being able to make withdrawals for the…
Carla Mozée
2 mins read
China is hiding $3 trillion of foreign currency in 'shadow reserves,' adding unknown risks to the global economy, former Treasury official says
"Not everything that China does in the market now shows up in the PBoC's balance sheet."
Filip De Mott
1 min read
India Inc's foreign commercial borrowings rise by 4.6% in August
Of the total borrowings in August this year, over USD 2.47 billion was through the automatic r…
PTI
9 mins read
Rep. Cory Mills founded a company that sells arms to foreign governments. He won't say which ones.
Despite aligning himself with Ukraine-skeptical Republicans, Mills' company has sold weapons to Ukr…
Jack Newsham,Katherine Long,B…
3 mins read
Simply Put: Why are foreign banks quitting India?
Meanwhile, companies left behind are trying to put on a brave face by pulling out of retail bu…
1 min read
Russia may be cut off from the world's lender of last resort as bonds head toward default
G7 nations want to cut off Russia's access to emergency funding from organizations like the Interna…
Phil Rosen
1 min read
A top Russian lender canceled nearly $6 billion in accrued interest on a perpetual bond as companies struggle to meet debt obligations
Russian lender Sovcombank PJSC canceled $5.81 million of interest accrued on one of its perpetual b…
Phil Rosen
2 mins read
Lenders to Reliance Naval seek EoIs for sale
Despite having the state-of-the art facility at Pipavav in Gujarat, RNEL shipyard has been facing …
PTI
2 mins read
Russia offers rubles to holders of $2 billion dollar bond as it tries to limit the outflow of foreign currency
Buying back dollar-denominated bonds in rubles would also ensure that local investors are paid in f…