Finance - general

BIS survey: Daily forex trade at a high of $4 trillion

01 Sep 2010

Daily currency trading in global markets has grown to an average of $4 trillion a day, says a survey, with big banks losing their dominant position to hedge funds and other financial institutions.

Bank credit grew at a slower 17.8 per cent in FY'09: RBI

21 Aug 2010

US Fed removes anomaly which sparked sub-prime crisis

18 Aug 2010

The US Federal Reserve finally moved to end a lending practice that was directly responsible for fuelling the housing boom and, subsequently, its collapse.

CIRCA licensed Experian credit bureau starts operations

12 Aug 2010

US Fed moves to shore up faltering economy

11 Aug 2010

In another attempt to shore up a faltering economy the US Federal Reserve has decided to buy more government debt ensuring that money is not drained out of the financial system.

China makes record purchases of Japanese debt

09 Aug 2010

China was a net buyer of Japanese bonds for a sixth straight month in June which is the biggest annual increase on record dating from 2005.

RBI deputy governor heads panel to review interest rates on small savings

13 Jul 2010

Government sets 10-year tenure for tax-saving infrastructure bond

10 Jul 2010

RBI, SEBI oppose new law to resolve ULIP-type issues

09 Jul 2010

RBI and SEBI feel that if Parliament ratifies the ordinance, the joint committee could turn out to be a super-regulator

RBI, SEBI oppose new law to resolve ULIP-type issues

09 Jul 2010

RBI and SEBI feel that if Parliament ratifies the ordinance, the joint committee could turn out to be a super-regulator

Tata Power to raise $300 million through coal SPVs

02 Jul 2010

India becomes full member of global financial watchdog FATF

29 Jun 2010

BIS warns of asset bubbles, inflation in emerging nations

29 Jun 2010

Emerging economies may need to raise interest rates and allow currency to appreciate as liberal monetary policies will spur inflation and asset bubbles, the Bank for International Settlements has said.

Sinking euro is good for exports, says EU

25 Jun 2010

The euro’s decline in recent months may boost exports from the currency area by 5 per cent, though the longer-term impact on economic growth is “less certain,” the EU said Thursday.

Sushanto Mukherjee joins Bharti AXA Life as chief distribution officer

15 Apr 2010

Yuan free float won’t correct trade imbalances: UNCTAD

18 Mar 2010

UN agency UNCTAD has joined the fray in the rising debate over yuan appreciation by asserting that a free floating yuan will not resolve global trade imbalances and that multilateral response was needed.

Yuan firms up slightly as Obama urges revaluation

12 Mar 2010

The People's Bank of China set the yuan's central parity rate slightly higher against the US dollar even as president Obama fired a fresh salvo asking China to heed international calls to revalue its currency.

IMF puts China’s currency issue on centre stage

02 Mar 2010

The IMF has brought the matter of the revaluation of the Chinese currency centre stage by saying it was "substantially undervalued" and hampered recovery in the global economy.

RBI relaxes guidelines for external commercial borrowings

09 Feb 2010

The Reserve Bank has authorised Category I authorised dealer banks to allow relaxations in the drawdown and repayment schedule of external commercial borrowings.

Sovereign debt "most significant” global risk: WEF

16 Jan 2010

A report from the World Economic Forum says that sovereign debt default is the most significant amongst all the global economic risks in the world today and could lead to "full-fledged sovereign debt crises" beginning this year.