Jun 11, 2015 at 08:01 | Source: Reuters
Gold held firm near its highest in a week on Thursday, holding on to gains from a three-day rally sparked by a weaker dollar and safe-haven bids from the Greek debt crisi
Jun 08, 2015 at 09:22 | Source: PTI
In a major deal for Saharas, billionaire brothers David and Simon Reuben have acquired control of the crisis-hit Indian group's iconic Grosvenor House hotel here and the two US properties -- Plaza and Dream Downtown -- in a USD 850 million (Rs 5,500 crore) debt refinance deal, a media report said.
Jun 08, 2015 at 09:20 | Source: CNBC
Leaders from the Group of Seven (G7) industrial nations meet on Sunday in the Bavarian Alps for a summit overshadowed by Greeces debt crisis and ongoing violence in Ukraine.
May 28, 2015 at 08:21 | Source: PTI
In an interesting turn of events,crisis hit Sahara has entered the fray for buying its own Grosvenor House hotel, which was put on sale by its lender Bank of China after a 'technical default'.
May 22, 2015 at 08:03 | Source: Reuters
The new Greek government has held four months of talks with the EU and International Monetary Fund to try to reach a deal that could release up to 7.2 billion euros (USD 8.1 billion) in aid, but talks have stumbled over pension, labour reform, fiscal targets and hikes in value-added tax.
May 19, 2015 at 17:15 | Source: CNBC-TV18
Indias sugar crisis is at its peak with almost Rs 21,000 crore remaining unpaid towards farmers. The government has refused to move to the Rangarajan formula of linking sugarcane prices to sugar. The industry has once again threatened to close sugar mills and the banks have refused to lend further to this debt ridden sector.
May 14, 2015 at 19:26 | Source: CNBC-TV18
FY15 saw the farmers grappling with surplus stock of around 35 lakh tons of sugar. Given the low prices of sugar and increasing pressure from banks to repay debt that crossed Rs 36,600 crore way back in FY13; maintaining cash flows have become a big problem.
May 12, 2015 at 08:40 | Source: Reuters
Spot gold was little changed at USD 1,184.01 an ounce by 0042 GMT, after losing 0.3 percent on Monday.
May 10, 2015 at 13:46 | Source: Reuters
The 19-member currency union has been a millstone around the global economy's neck ever since the financial crisis spawned a sovereign debt crisis particular to Europe.
Apr 30, 2015 at 06:46 | Source: Reuters
Gold retained losses from overnight on Thursday, as the Federal Reserve characterized the recent slowdown in the U.S. economy as only transitory, not ruling out an interest rate hike this year.