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.
Mar 03, 2015 at 08:46 | Source: PTI
To deal with the global financial crisis, many central banks around the world are printing money and reducing interest rates to very low levels. With countries like India offering high interest rates, significant foreign inflows have been witnessed in debt.
Feb 15, 2015 at 13:12 | Source: PTI
Profit-booking may also be on the cards as benchmark indices Sensex and Nifty on Friday logged their fourth successive session of gains and regained 29,000 level and 8,800 mark respectively.
Feb 11, 2015 at 12:01 | Source: Reuters
Spot gold rose 0.3 percent to USD 1,237.40 an ounce by 0219 GMT, following a 0.4 percent drop on Tuesday that sent it closer to a three-week low of USD 1,228.25 reached last week