Repco does not have a very large exposure to commercial loans. But in general, you have to identify the importance of this move. How will life change for a commercial real estate lender? First of all, we have zero exposure to commercial real estate but this move is definitely positive. ... Read More »
Gold options activity explodes 11:17 AM ET Mon, 24 Dec 2018 | 07:01 Gold scaled a six-month peak on Monday as sliding stock markets and concerns about a global economic slowdown sapped risk sentiment, driving investors to seek safety in the precious metal. Spot gold gained 1 percent to $1,268.38 ... Read More »
Prime Minister Narendra Modi flashing a victory sign outside parliament on Monday. Trends from Himachal and Gujarat election results show that the BJP is set to form the government in both the states. Photo: ANI/Twitter Mumbai: The Bharatiya Janata Party’s (BJP’s) victory in Gujarat is being seen as a vindication of ... Read More »
Last week my son brought home a letter from the head of his comprehensive, outlining the curriculum reorganisation it is pushing through because the school has run out of money. Administration staff have already been made redundant, and teaching posts are under threat. If the current government is re-elected the ... Read More »
Sounding exuberant, veteran banker and New Development Bank (NDB) President K V Kamath has said everything is going right for India at present and the third largest Asian economy will witness a “sudden uptick” in fortunes soon. “Everything is going right… the government should keep the accelerator fixed firmly to ... Read More »
Economy The Bank of England has cut interest rates from 0.5% to a record low of 0.25%amid uncertainty over the Brexit process and worries about productivity and economic growth. It’s the first cut since 2009. The Bank has also announced a range of measures to stimulate the economy and made ... Read More »
Innovation centres have been popping up around China and are set to more than double to nearly 5,000 in the next five years, according to internet research firm iiMedia. The only problem for local governments is that entrepreneurs are not moving in. Many centres are in small Chinese cities or ... Read More »
The Chinese government’s call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity. Innovation centres have been popping up around China and are set to more than double to ... Read More »
The International Monetary Fund said on Wednesday the U.S. economy was “overall in good shape,” with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workforce or living in poverty. The IMF expects U.S. economic growth of 2.2 ... Read More »
A balanced energy portfolio suggests the U.S. economy won’t take any major hits from lingering weakness in the oil sector, a White House spokesman said. The U.S. Energy Information Administration said last week it expected domestic production to decline in most of the Lower 48 states and Alaska because of ... Read More »
NEW YORK, March 30 — A soft build in U.S. crude oil stocks was buffered by a report showing domestic well costs have declined, sending oil prices higher early Wednesday. Crude oil prices plummeted Tuesday as supply-side strains added to concerns emerging before U.S. Federal Reserve Chair Janet Yellen took ... Read More »
DALLAS, March 29 —Construction tied to the natural gas and renewable energy sectors helped add to contract values in Texas, a report from the Dallas Federal Reserve found. A report last week from the bank suggested the oil-rich economy in Texas was facing headwinds because of pressure from lower crude ... Read More »
