Any significant changes in China’s real estate sector will affect not only real estate companies, millions of Chinese households, investors, and banks, but will also have a direct impact on the resources of local governments, which have long relied on land bank monetisation to fund not only investments but also budget expenditure for its social sector commitments like pensions, hospitals, and education to citizens
As Lehman Brothers collapsed trust in the system disappeared and every bank was scared to deal with any other bank, says Jim Walker, Founder & MD, Asianomics.
Post Lehman crisis, market became more concerned with what was happening in the US rather than in India and that stays to this day.
Exhibit A is the government‘s decision to recapitalise banks which lend at lower rates to certain consumer sectors such as two-wheelers and durables. Business Standard reports (4 October) that this decision was taken "in principle" at a meeting between Finance Minister P Chidambaram and Reserve Bank Governor Raghuram Rajan.
The Federal Reserve is expected to announce its first move to taper its USD 85 billion in monthly bond buying when its two-day meeting ends Wednesday.
Lehman Brothers' US brokerage on Tuesday finalized settlements with the former financial giant's parent and European entities, resolving nearly USD 44 billion in customer claims and paving the way for full repayment to the brokerage's former customers.
Ratings agency Fitch today said the top three private sector lenders -ICICI Bank, HDFC Bank and Axis Bank -will require close to Rs 70,000 crore in fresh capital to meet the stricter Basel-III capital norms.
The rupee strengthened on Friday on the back of dollar sales by corporates but it still posted a ninth consecutive weekly drop, its worst losing streak since the Lehman crisis.
European leaders are beginning to accept the idea that Greece will be forced to default on its debt, causing a long-feared "credit event" that triggers billions of dollars of credit default swaps.
The bankruptcy estate of Lehman Brothers Holdings (LEHMQ.PK) is close to naming a new board of directors to help finish winding down the collapsed financial firm, the Wall Street Journal said, citing people familiar with the matter.
Rabobank's Adrian Foster believes that we could get stuck in a slow growth period, but definitely not a recession.
Despite positive news coming in from Europe, Mike Mayo of CLSA believes that there will be big impacts coming out of the debt crisis in the region.
While most analysts expect a rate hike pause by the RBI, here is one person who thinks otherwise. Speaking to CNBC-TV18 in an exclusive interview, Dr. Shankar Acharya of ICRIER says that the RBI is left with no choice but to hike rate, given the loose fiscal policy we have.
Top former executives of Lehman Brothers Holdings Inc lost their bid to throw out a securities fraud lawsuit seeking to hold them responsible for billions of dollars of investor losses tied to the Wall Street investment bank's 2008 collapse.
In an exciting new episode of Storyboard, CNBC-TV18's Anuradha SenGupta has a tête-à-tête with Martin Sorrell of WPP post the gala at Cannes Lions 2011.
For the past week, the tiny Peninsula of Greece has once again become the centre of global attention. Just one year ago the European Union granted Greece a 110 billion euro package to meet its debt obligations, in the hope that Greece will solve its problems in a year and be able to borrow on its own.