Pandemic Financial News

17.11 / 11:59

Digital economy Align pandemic President information India’s move on risky loans to hit banks more than economy

India’s central bank is clamping down on risky consumer lending as the economy booms, a move that’s likely to hurt banks but only have a limited impact on growth. The Reserve Bank of India on Thursday told lenders to set aside more capital for unsecured consumer loans, such as credit cards and small, personal loans. That type of borrowing had surged more than 25% in the past year, according to Macquarie Group, far higher than growth in consumer incomes, potentially creating a debt trap for borrowers and giving rise to defaults. The RBI’s measures prompted a selloff in bank stocks on Friday, with analysts saying a rise in borrowing costs will hit profits.

17.11 / 05:35

BLOCK pandemic 2024 committee Germany's budget committee interrupts 2024 budget deliberations -panel members

BERLIN (Reuters) — Germany's budget committee interrupted final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget officers of the coalition government, after a constitutional court ruling threw negotiations into disarray.

17.11 / 02:51

Target FIVE Gap pandemic performer consequences Nutrition gap: Don't reduce India's food security law to a grain handout scheme

PDS) to almost two-thirds of India’s population. It proved to be a lifeline during the covid pandemic, with the government raising its entitlement from the mandated 5kg per person to 10kg, free of cost. While the quantity hike was rolled down after the pandemic ended, it continues as a free-ration scheme, as against the earlier subsidized price of ₹2 per kg for wheat and ₹3 per kg for rice.

17.11 / 02:51

FIVE Manufacturing Assurant pandemic show country Improve ease of doing business to cut global supply chains' dependence on China

Mint, quoting a commerce ministry statement. The global narrative on the risk high dependence on Chinese imports represents to global supply chains started with the US red-flagging it, especially for times of emergencies such as during the covid-19 pandemic when any disruptions could have ramifications across the world.

16.11 / 21:33

Digital Platform film pandemic Experts audience reports Token releases hit cinemas as OTT mandate kicks in

NEW DELHI : Over the past few weeks, cinemas have been flooded with small-budget films that come with minimal marketing or audience anticipation, resulting in negligible box office returns. Titles such as Aankh Micholi, UT 69, Shastry Viruddh Shastry and Three of Us have made their way to theatres with audiences largely uninformed about their release.

16.11 / 19:47

Provident Target Reuters Progressive Action Nov pandemic Exclusive-Three Fed governors tell US senator there is room to reduce balance sheet

By Michael S. Derby

16.11 / 19:35

Digital Aware pandemic show country reports donates Decline in local news outlets is accelerating despite efforts to help

A new report shows that the decline of local news outlets is accelerating despite efforts to help, and more people are aware of the dire problems facing the industry

16.11 / 19:35

Manufacturing Airlines Boeing Coronavirus pandemic show travelers Long-haul carrier Emirates orders 15 Airbus A350s after engine dispute

The airline Emirates says it will purchase 15 additional Airbus A350-900s worth $6 billion after a spat between it and the European manufacturer went unusually public during this week’s Dubai Air Show

16.11 / 17:17

Progressive Fighting economy Remark Coronavirus pandemic Fed's Cook says economic risks two-sided, 'soft landing' possible

SAN FRANCISCO (Reuters) — The U.S. central bank must steer between the risk of doing too little and taking the fight against inflation too far, Federal Reserve Governor Lisa Cook said on Thursday, a task made particularly delicate because other global central banks have also tightened monetary policy quickly over the past couple of years.

16.11 / 16:13

Provident Extreme Aware pandemic Department recommendations guidelines Student Borrowers Tap a New Path to Loan Forgiveness: Bankruptcy

WASHINGTON—More Americans are filing for bankruptcy to get rid of their student debt. The increase came after the Biden administration made it easier for student borrowers to apply for bankruptcy by overhauling its guidelines last November. The government now supports borrowers’ use of bankruptcy to eliminate student debt when they meet certain economic hardship conditions.

16.11 / 10:15

FIVE Fox economy pandemic show reports surges week Mortgage demand surges to 5-week high after recent drop in mortgage rates

FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.'

16.11 / 09:13

economy Coronavirus pandemic President show country reports Cambodia inaugurates new Chinese-funded airport serving popular tourist destination of Angkor Wat

Cambodia has inaugurated its newest and biggest airport, a Chinese-financed project meant to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple complex in the northwestern province of Siem Reap

16.11 / 06:09

Cooper CEO economy pandemic President country gatherings Fresh off meeting with China's Xi, Biden is turning his attention to Asia-Pacific economies

President Joe Biden will address a group of CEOs grappling with the risks to their businesses from world crises

16.11 / 05:15

Citi Reuters pandemic show country 2020 China's home prices dip for 4th month, may weaken further

By Liangping Gao and Ryan Woo

16.11 / 02:19

Provident Target Airlines pandemic consequences 2020 Qantas illegally stood down worker who raised cleaning concerns: court

A court has found Qantas acted illegally when it stood aside a health and safety representative who raised concern over cleaning planes that had returned from China at the start of the pandemic, in a decision the NSW government said would have big ramifications for employers.

16.11 / 02:19

CEO Platform pandemic track reports donates Michael Hintze sells $20b firm to Canadian giant

London | Australian Financial Review Rich Lister Michael Hintze has sold most of his $20 billion managed funds company CQS to the Canadian giant Manulife Investment Management, and will strike out on his own.

16.11 / 02:03

Citi Cooper pandemic President Experts country reports Updates Biden and Xi agree on curbing fentanyl production and resuming military talks. Follow live updates

Experts on China-U.S. relations say the agreements between Biden and Xi will have a significance in the future of the two countries’ relationship

15.11 / 21:23

Waves FIVE Platform Strategy Pool pandemic 2020 Manulife unit to buy bulk of CQS from billionaire Michael Hintze to expand specialized offerings

Manulife Investment Management is buying most of billionaire Michael Hintze’s CQS in a bid to expand the Canadian investment firm’s specialized fixed-income investment strategies.

15.11 / 19:07

pandemic Celebrity show outbreak shock Costs More peas please? Thanksgiving meal costs Americans less this year

By Howard Schneider

15.11 / 19:03

Citi Fox CEO economy pandemic President Experts Federal Reserve walking 'very fine line' as recession threatens US economy, former fed official says

Former Kansas City Federal Reserve Bank President and CEO Thomas Hoenig discusses potential for a recession during his appearance on 'Mornings with Maria.'

15.11 / 18:43

pandemic track fall The rupee, its fall, slight recovery and what the RBI did

₹83.5 against the dollar. It has now recovered a little, closing at ₹83.1 on 15 November. Mint explains the reasons behind the rupee’s slide in the recent past and gives a peek into the future.

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