by pallanus | Jul 14, 2020 | Business News
Singapore plunged into recession in the second quarter as the economy contracted more than 40 percent, preliminary data showed Tuesday, with the trade-dependent city state hammered by the coronavirus in another ominous sign for the global recovery. The economy shrank...
by pallanus | Jul 13, 2020 | Business News
Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated. The unprecedented increase will see total global corporate debt jump by 12%...
by pallanus | Jul 13, 2020 | Business News
For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the COVID-19 hit, markets are stable and agreement on an European recovery fund appears close. Yet the future is uncertain and...
by pallanus | Jul 11, 2020 | Business News
Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the novel coronavirus pandemic is so far the “biggest test of robustness and resilience of our [India’s] economic and financial system”. “Coronavirus pandemic perhaps...
by pallanus | Jul 10, 2020 | Business News
Sensex dropped 143.36 points to end at 36,594.33 and Nifty slipped 45.40 points to 10,768.05. A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai. (File photo: Reuters) Indian shares closed lower on Friday as record daily...
