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Topics: Economy News

IMF Chief: We are seeing a “fundamental shift” in the global economy

Speaking at Georgetown University’s School of Foreign Service, International Monetary Fund (IMF) Chief Kristalina Georgieva on Friday said, “We are experiencing a fundamental shift...

New technology adoption is key to building operational competency in Indian logistics

India’s logistics industry, estimated to be worth $160 billion, is considered an important cog in the wheels of the nation’s economic machinery. Almost 15%...

U GRO Capital secures over Rs 400 crore, AUM for Q1 FY21 stands at Rs 847.4 crore

India-based fintech platform U GRO Capital has announced that "It has raised almost Rs 400 crore through non-convertible debentures (NCDs), term loans and commercial...

Market Analysis by Abhishek Goenka: Global Risk sentiment holds positive

Overall global risk sentiment was positive heading into the weekend with China reaffirming its commitment to adhere to the one phase trade deal with...

OECD: Global economy to shrink by 6% in 2020

Organization for Economic Co-operation and Development (OECD) Secretary-General Jose Angel Gurria said, "The global economy will decrease at least six percent this year due...

Coronavirus: Spain’s left-wing coalition government approves a minimum income scheme for 2.3 million people

Spain's left-wing coalition government on Friday said, "The government has approved the creation of a minimum income scheme worth 462 euros ($514) a month...

Lockdown 4.0: Nirmala Sitharaman says, “Government bars global tenders for procurements up to Rs 200 crore”

Briefing the media on the Rs 20 lakh crore economic stimulus package, Finance Minister Nirmala Sitharaman on Wednesday said, "The global tenders will be...

President Trump says, “It’s my decision when to reopen the U.S. economy.”

Befitting the reply on the governor's decision to reopen the U.S. economy, US President, Donald Trump on Tuesday said, "It's his decision when to...

Fed expresses concerns on the reopening of Coronavirus hit economy

Federal Reserve boss Jerome Powell has expressed concerns on the reopening of coronavirus hit economy. For latest news updates, business news and world news, Like...

COVID-19: Bank of Japan sees deeper economic pain, even after emergency easing

The Bank of Japan expanded monetary stimulus in an unscheduled policy meeting on March 16 to ease corporate funding strains and calm financial markets...

Market Analysis: “COVID-19 to dry up the liquidity in the FX market, quotes to become wider as participation tapers off.”

The Global Coronavirus situation continues to become grim by the day. Several countries across Europe have come to a grinding halt on account of...

Report: Trump administration looks for $850 billion to stem COVID-19 economic fallout

The Trump administration plans on seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported...

TG TV: Lagarde says “COVID-19 will have a significant impact on economic activity”

The President of the European Central Bank, Christine Lagarde on Saturday, said that “The recent outbreak of Coronavirus (COVID-19), will have a significant impact on economic...

Christine Lagarde said, “COVID-19 will have a huge impact on economic activity”

The President of the European Central Bank, Christine Lagarde on Saturday, said that “The recent outbreak of Coronavirus (COVID-19), will have a significant...

Moody’s Analytics Mark Zandi: Global recession likely if coronavirus becomes pandemic

A global recession is likely if coronavirus becomes a pandemic, and the odds of that are uncomfortably high and rising with infections surging in...

Subramanian Swamy, “GST is the biggest madness of the 21st century”

Describing India's latest tax reform GST as "the biggest madness of the 21st century," BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday...

Japan worries about economy risk from Wuhan virus outbreak

Japanese Economy Minister Yasutoshi Nishimura on Tuesday warned that corporate profits and factory production might take a hit from the coronavirus outbreak in China...

Senator Mitt Romney: China is likely to become a sole global superpower by mid-21st century

China is most likely to become the sole global superpower by the middle of this century due to its "comprehensive, rigorous strategy to achieve...

US, China seeks new site to sign tentative trade agreement, says President Donald Trump

President Donald Trump said that the US and China are working to secure a new site to sign a tentative trade truce and the...

Piyush Goyal says, Economic slowdown is in cyclic structure; Its right time to invest in India

Commerce and Industry Minister Piyush Goyal on October 15 said that the recent economic slowdown is a cyclic structural adjustment, and it is the...

Donald Trump says, “China is a threat to world”

Expressing concern over China's growing military might, US President Donald Trump has said the Communist nation is a threat to the world and blamed...

Ex-PM Manmohan Singh says, “No, hope of becoming a $5 trillion economy, if the growth keeps going down.”

Former Prime Minister Manmohan Singh on September 12 said there was no hope of Modi government's promise of $5 trillion economy becoming a reality...

Raghuram Rajan says, “Brexit is a reason why he didn’t apply for the job to lead Bank of England.”

RBI's ex-Governor Raghuram Rajan on Friday said that “the political challenge posed by the Brexit were the few reasons why he didn’t apply for...

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