Pandemic Financial News

The International Monetary Fund has reclassified India's «de facto» exchange rate regime to «stabilized arrangement» from «floating» for December 2022 to October 2023, the first such instance of such reclassification following an article IV review of the country's policies.

With all this talk of Goldilocks lately, you might think the economy is out of the woods.

Alberta’s credit rating was raised one level by S&P Global Ratings on expectations that strong oil prices and measures to manage expenses will keep the province’s debt burden in check.

Office building owners, hammered by falling demand and high interest rates, struggled in 2023. But they mostly managed to stay afloat. That is going to be a lot harder to do next year.

Suraj Estate IPO: The initial public offering (IPO) of Suraj Estate Developers Limited has opened on Monday, December 18 and it will remain open till 20th December 2023 i.e. till Wednesday this week.

Bihar and Odisha, far away from the glitz of metros, data from the Central Pollution Control Board show. Diwali is just one sample point. In many non-metro cities, the average daily level of the PM2.5 pollutant through the year exceeds the safe zone.

The Globe and Mail first published those allegations, which stemmed from a resignation letter from Dr. Braden Manns, who was an interim VP at AHS.In the letter verified by Global News, Manns said he was resigning because the premier “was reaching down four levels into AHS” to instruct that Hinshaw’s contract be pulled.“Well, I can tell you that I put Dr.

A member of Britain’s House of Lords has acknowledged that she repeatedly lied about her links to a company that was awarded lucrative contracts to supply protective equipment during the coronavirus pandemic

German farmers are gathering in Berlin to protest against planned cuts to tax breaks for diesel used in agriculture, part of a deal reached by the government to plug a hole in the country’s budget

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion

The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants

Sebastian Siemiatkowski is a co-founder and CEO of Klarna, the Sweden-based company that’s one of the world’s biggest providers of buy now, pay later services to customers

The Environmental Protection Agency says it is conducting more on-site inspections of polluting industrial sites than at any time since the COVID-19 pandemic began

Credo Brands Marketing, an apparel retailing company known for its flagship men's apparel brand Mufti, is rolling out a ₹550-crore offer for sale (OFS) in which the promoter and the promoter group are diluting their stake from 66.7% to 53.6%, with no money coming to the company. Business At the end of September 2023, the company sold its products through 404 exclusive brand outlets, 71 large-format stores, 1,332 multi-brand outlets as well as online marketplaces. About 90% of its revenues are earned from offline channels.

With increased competition from fintechs and embedded finance, financial services firms have been looking at head count with a reduction in numbers across several key players.

Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The combined company will be among the top three steel-producing companies in the world, according to 2022 figures from the World Steel Association.

global transitions are working in India's favour, giving it the potential to become a force in today's uncertain world, but one of the country's biggest challenges is inclusive growth, Tata Sons chairman N Chandrasekaran said on Monday. In his address at the JRD Tata Oration, the head of the Tata group also asserted that artificial intelligence (AI) is here to stay and it will be beneficial if India prepares for it.

Aatmanirbhar Bharat Rojgar Yojana (ABRY) have surpassed the target set by the government, as per the response by minister of state for labour and employment Rameswar Teli in Lok Sabha on Monday. “The scheme was intended to benefit a total of 71.80 lakh members and the total registration under the scheme till the last date of registration is 75.11 lakh,” he said. As on December 11, 2023, an amount of Rs 10,050.26 crore has been disbursed to 60.49 lakh beneficiaries through 1.52 lakh establishments, he added. The highest registration under the scheme was in Maharashtra at 1.22 million followed by Tamil Nadu (1.01 million), 0.81 million in Gujarat, 0.61 million in Karnataka and 0.54 million in Haryana. ABRY was launched at the time of Covid with effect from October 1, 2020 to incentivize employers for creation of new employment and restoration of loss of employment during Covid-19 pandemic.

By Ahmed Eljechtimi

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

The Bank of Canada will likely start cutting interest rates in the second quarter of 2024, predicts the chief economist at Deloitte Canada.