According to the government "a need is felt for having a unified financial regulator for IFSCs in India to provide world class regulatory environment to financial market participants”.
Spreads have widened, and short-term borrowing costs have spiked since Infrastructure Leasing & Financial Services (IL&FS), an infrastructure development and finance company with a high domestic rating, defaulted on loan repayments in August and September.
Chinese authorities have taken a raft of steps in recent months to curb capital flight from the country to support the weakening yuan currency, while trying to attract more foreign investment.
While the rate increases were modest, they reinforced views that Chinese authorities are intent on both containing capital outflows and reining in risks to the financial system created by years of debt-fueled stimulus.
The review may lead to redefining â€œlong termâ€ for gains capital gains in stocks to be defined as such, even as tax rates are left unchanged. The holding period is likely to be increased.
Donald Trump‘s pre and post-election rhetoric is impacting China in more ways than one. All Trump needs to do to stir up China is post a tweet.
"The withdrawal of specified bank notes will impart far reaching changes going forward. It is expected to significantly transform the domestic economy," Patel said in his foreword to the half-yearly Financial Stability Report.
Draghi is giving more of less, and lots of it. However, the clear the key message is 'no taper', says Nick Parson of National Australian Bank.
Italians vote on Sunday in a referendum on constitutional reform which will decide the political future of Prime Minister Matteo Renzi, who has promised to resign if he loses.
Financial markets have been pricing in more economic growth since Donald Trump's U.S. election win last week, but U.S. protectionism and domestic political risks could hurt Europe, ECB vice-president Vitor Constancio said on Monday.
Financial markets tumbled today as Trump claimed victory after a campaign marked by fiery anti-foreign rhetoric and promises to tear up trade deals, restrict immigration and lock up political rivals.
Bob Michele said the world's fifth largest asset manager increased exposure to inflation-linked bonds (TIPS) and emerging market debt in the last few weeks, expecting moderate growth and solid oil prices to lift inflation and support emerging market currencies.
Although consumption should pick up from now until the end of the financial year, when India buys more for gifting during festivals and weddings, weak demand so far has dragged on the global gold price that has shed nearly 9 percent from a two-year high in July to USD 1,258 an ounce on Tuesday.
El-Erian said he was heartened by three Fed officials recently warning about the threats of low rates, which inflate asset prices and push investors into higher riskier vehicles in search of yield, on the financial markets.
The exchange, in July, submitted an application with Sebi "for approval for activities undertaken by BSE Investments and BSE CSR as an insurance web aggregator and insurance broker by setting up two subsidiaries under BSE Investments."
The Metropolitan Stock Exchange of India (MSEI) today said it will provide a facility to help small and medium enterprises (SMEs) and startups access regulated financial markets.
In the draft, the BOJ identifies sharp falls in oil prices, a prolonged hit to growth from a sales tax hike in 2014 and Japan's inability to shake off its deflationary mindset as hampering achievement of its inflation target, the sources said.
In its annual policy review of the 19-country euro currency bloc, the IMF said it now expects 2016 growth of 1.6 percent, down from the previous forecast of 1.7 percent, while the 2017 growth forecast will drop to 1.4 percent from 1.7 percent previously.
Markets will seriously kick off the third quarter in the coming week, after the three-day Fourth of July weekend. The holiday may serve as a cooling off period after the S&P 500 went on a rapid roller coaster ride in recent sessions.
In an interview to CNBC-TV18, Nilesh Jasani, Head of Research (Asia Pacific) at Jefferies says, it is unclear how post-Brexit economic and financial markets dominos will fall globally, but market risks have certainly climbed.
Brexit will provide the country better market access to the EU and England, even as there will be some market volatility, State Bank of India Chairperson Arundhati Bhattacharya said on June 24
If there is a Brexit, then the global confidence is sure to be shattered with questions on growth being asked and there will be ramifications which will take a long time to play out, said Ananth Narayan, Head, Financial Markets, Standard Chartered Bank.
There is a chance BOJ Governor Haruhiko Kuroda could spring a surprise monetary easing if he sees recent yen gains as damaging enough to the export-reliant economy to justify action, say sources familiar with the central bank's thinking.
However, Yen is holding up quite well in the current environment, but concerns loom over Japan if it becomes too strong that will eventually give rise to intervention in the currency, says Paul Mackel of HSBC in an interview to CNBC-TV18.
Owen Murfin, co-lead manager for global bond strategies at Blackrock, said that markets appear to be treating the possibility of Brexit as a local event rather than a globally systemic risk.