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February 29, 2020 4:23 PM
China's manufacturing activity fell to its lowest level on record in February as official data, today, confirmed the massive damage the deadly coronavirus epidemic has caused to the world's second-largest economy. The Purchasing Managers' Index, a key gauge of activity in ...
February 29, 2020 4:14 PM
On Wall Street, the S&P 500 fell for the seventh straight day yesterday, on growing fears that the fast-spreading coronavirus could push the economy into recession. The Nasdaq managed to eke out a marginal gain after plunging as much as 3.5 percent during the session. After falling as much a...
February 27, 2020 2:13 PM
Finance Minister Nirmala Sitharaman has emphasised the need for better data sharing between customers and Public Sector Banks (PSBs) at the regional level. Addressing a function in New Delhi, she said banks require judicious mix of personal customer information and data. Ms. Sitharaman said governme...
February 27, 2020 2:11 PM
February 27, 2020 8:12 AM
The Reserve Bank has directed banks to link all the new floating rate loan to medium enterprises with external benchmark. In a circular, RBI said that the direction will be effective from 1st April 2020. With respect to micro and small enterprises, floating rate loans are already linked with externa...
February 26, 2020 8:36 PM
Micro, Small and Medium Enterprises Minister Nitin Gadkari has said that the vision of achieving 5 trillion dollar economy will only be possible when 29 percent share of MSMEs to national growth will reach fifty percent. Speaking after conferring upon National MSME Awards to awardees in New Delhi t...
February 26, 2020 5:44 PM
Global crude oil futures traded lower for the fourth straight day today, as Asia, Europe and oil producing countries in the West Asia reported hundreds of novel coronavirus cases and the United States warned of an inevitable pandemic. Brent crude oil futures fell 89 cents, to trade at 54.06 dollars ...
February 26, 2020 5:11 PM
Asian markets ended lower again today, as a spike in coronavirus infections beyond mainland China threatened to damage global economic growth, forcing investors to dump risk assets. So Japan's Nikkei-225 index and China's Shanghai Composite index fell 0.8 percent, each; Hong Kong&a...
February 25, 2020 2:00 PM
On Wall Street, yesterday, the S&P 500 and the Dow Jones Industrial Average suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic. The S&P and the blue-chi...
February 25, 2020 1:20 PM
Reserve Bank of India Governor Shaktikanta Das has said that slowing credit growth is one of the most critical challenges for the banking industry. He said credit growth has moderated to 7-7.5 per cent this year and there is a need to focus on prudent lending by the banks. Addressing the Mint annual...
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