Sovereign Debt

he Finance Ministry said it was a pity that Fitch had downgraded its sovereign debt and faulted its methods, saying it had failed to take into account Beijing's moves toward appropriately intensifying, improving quality and efficiency of its government spending.

JPMorgan puts sell sign on emerging market government debt

"We move underweight EMBIGD (from marketweight)" JPMorgan said referring the bank's widely-tracked emerging market sovereign debt index.

India plans to borrow $13 billion extra to offset fuel-tax cut

The loss to the exchequer due to the recent excise duty cuts will therefore have to be borne through additional market borrowings.

How debt and climate change pose ‘systemic risk’ to world economy

There is a growing realisation that debt obligations of some countries stand in the way of meeting the immediate needs of their people

Moody's downgrades Japan's sovereign debt rating

The announcement briefly sent the yen to a seven-year low against the dollar and pushed 10-year Japanese government bond (JGB) futures down by 10 ticks.

ECB says no limit on new bond buys, waives seniority

The European Central Bank will not set a limit on how much sovereign debt it can buy under its new bond-buying programme and will not expect better treatment than other creditors as it has in the past, ECB President Mario Draghi said.

ECB's option of capping yields will not materialise: PIMCO

Pimco's CEO Mohamed El-Erian told CNBC-TV18 that European policymakers are not ready to commit to unlimited bailouts for debt-distressed countries especially the capping of bond yields.

Rupee hits all-time low of 54.46/dollar on capital outflow

The rupee tumbled 67 paise to all-time low of Rs 54.46 against the US dollar on the forex market during the midsession today on increased capital outflows and strong demand from importers.

European shares hit as concerns grow

European shares and the euro fell as investors sought safety in German government bonds on Friday and a two-notch downgrade of Spain's credit rating ahead of key Italian bond auction added to worries of slowing growth across the region.

Wall St opens flat after labor data

US stocks opened flat on Thursday as a weak reading on the labor market and rumors of a French sovereign debt downgrade offset better-than-expected results from Bank of America and Morgan Stanley.

Rupee falls as risk-taking fades, RBI watched

The rupee weakened on Wednesday as global risk taking faded and the currency appeared vulnerable, even though it pulled back from near three-month lows on the potential for RBI intervention.

Prospect of new twists to Europe saga to wane economy: OECD

Jorgen Elmeskov - Director, Policy Studies Branch, OECD Economics Department said that financial markets have been optimistic of late, however, he is still concerned about the risks associated with the Euro area crisis.

G20 must do more to fix imbalances, US recovery slow: BoC

The Group of 20 leading and emerging nations has not done enough to correct global imbalances and this could provoke more financial instability, a top Bank of Canada official said on Wednesday.

US fiscal position not worrisome for Infy: Gopalakrishnan

Kris Gopalakrishnan will step down as the chief executive officer and managing director of global IT giant, Infosys, on August 21, 2011. The latest episode of Forbes India Show highlights ‘the Infosys way of things’ and brings to fore the milestones and strategies of Kris as a leader and mentor.

European crisis is more alarming than US: StanChart

Gerard Lyons, Global Head of Strategy & Economics at Standard Chartered joins CNBC-TV18 to explore the situation in Europe and the impact of it on other markets.

HSBC adds to sweeping bank job cuts in Europe

HSBC Holdings Plc is poised to chop about 700 jobs in its UK retail bank arm, as staff cuts begin in earnest at banks across Europe battling a limp economic recovery, trading woes and tougher regulation.

New capital norms concern for European, American banks: IIF

Andres Portilla, Director of Regulatory Affairs Department at IIF, in an interview with CNBC-TV18’s Menaka Doshi, shared his views on what these new capital norms by Basel committee will mean for the global banking industry.

Oil falls as euro zone woes pressure commodities

Oil prices fell 2% on Monday as concerns about the euro zone sovereign debt crisis sent investors out of commodities and into safer havens.

Debt restructuring won't help Greece: ECB

Debt restructuring won't help Greece, says ECB's Stark. The idea that one could solve a fiscal crisis through a simple debt reduction (resulting from a restructuring) is consequently an illusion, he said.

India gold seen hitting another record

India gold futures are likely to extend gains, to hit another record high, following a firm trend in overseas markets where sovereign debt problems in the US and Europe stoked investor interest in the yellow metal, analysts said.

Equity markets could see renewed upmove in second half of 2011: Credit Suisse

‘Caution’ is the key word on global equities, according to Robert parker of Credit Suisse. He finds the nuclear situation in Japan is dominating global newsflow. He, however, sees the downside risk in global equity markets as fairly limited.

China says has helped Europe by buying debt

China still sees risks from euro-zone debt problems and has increased its holdings of European government bonds to help the region, the Chinese foreign ministry said on Thursday.

IMF warns on Europe debt spillover

A possible global economic slowdown stemming from Europe's sovereign debt problems could affect currency and stock markets and weigh heavily on Japan's growth prospects, an International Monetary Fund official said on Wednesday.

Asia stocks flat, euro stuck at 4-month low Vs $

Mounting fears over sovereign debt in the eurozone kept the euro tethered to four-month lows against the dollar on Monday, with investors nervous ahead of a flurry of bond sales from the region's weaker states.