Page 28 - Economic Crisis

Next big shift in global economic policy takes shape under Covid-19 shadow

Financial markets, where bond vigilantes were once reckoned to exert a powerful check on deficit-spending governments, are ready to lend them money at very low interest rates

Despite crises, India fixes its gaze on Sushant Singh Rajput's death

Covid-19 is rippling through the country. The economy is reeling. But for many Indians, an actor's death and the investigation that followed are a bigger story

Covid-19: India's fiscal response to tackle the economic crisis wanting

Till August 2020, India has spent 1.2% of its gross domestic product directly from budgetary resources

IMF says Covid-19 economic crisis 'far from over', more support needed

The IMF has provided emergency funding to 75 countries, including 47 low-income countries, and said it was ready to provide further support to a wider range of middle-income countries

Debt recast, demand pick-up to help overcome mismatch in cash flow: Ind-Ra

The rating agency said, "It expects capital market instruments to continue to be serviced, given the diversified nature of holdings and different class of investors"

Economic contraction in India an opportunity for long-term investors: Wood

Chris Wood expects the recently concluded quarter to mark the bottom of the economic contraction

India's fiscal deficit crosses full-year budgeted target in four months

Net tax receipts were Rs 2.03 trillion, while total expenditure was Rs 10.5 trillion

Australia Q2 business investment slide not as bad as feared, plus for GDP

Australian business investment fell by less-than-feared last quarter and future spending plans remained surprisingly intact in a hopeful sign economic recession may not be as deep as forecast earlier

PSBs to do Covid heavy lifting, will soon need capital support: Experts

Fitch Ratings estimates that under a moderate stress scenario, Indian banks are around $15 billion short of the capital required to meet a 10 per cent weighted-average common equity tier 1 ratio.

PM Modi, Trudeau discuss need to strengthen multilateral institutions

The two leaders agreed that the India-Canada partnership can help in advancing in humanitarian values in the global discourse in the post-COVID-19 world

Covid-19 deepens Argentina's economic crisis; WB predicts 7.3% fall in GDP

The World Bank foresees a 7.3% contraction in Argentina's gross domestic product this year, one of the worst recessions in Latin America

Maharashtra to announce Covid-19 relief package soon: Deputy CM Ajit Pawar

The Deputy CM said that there is a slight increase in the number of Covid-19 cases in some areas of rural Maharashtra

Covid-19 crisis: Warren Buffett cuts crisis-era bet on Goldman Sachs

Berkshire Hathaway sold 84 per cent of its Goldman Sachs stock in the first quarter, marking a reversal for an investor who generally holds large stakes in the banking sector.

Covid pandemic could fuel fresh interest in diaspora bonds: World Bank

World Bank officials warned that developing economies could suffer close to 3% decline in economic output

World economy faces steepest contraction; recovery U-shaped: Economists

In a Reuters poll, more than 55% or 87 of 155 economists said the global economic recovery would be U-shaped

Covid-19: World faces worst crisis since Great Depression, says IMF chief

However, Georgieva added this ominous caution: "It could get worse." There is "tremendous uncertainty around the outlook" and the duration of the pandemic, Georgieva said

Top headlines: MPs take 30% salary cut, service sector activity contracts

Business Standard brings you top headlines of the day

Rajan calls Covid-19 'economic emergency', advises govt to invite experts

Raghuram Rajan also cautioned that driving everything from the Prime Minister's Office, with the same overworked people, may not be a suitable idea

In Italy, the right antibodies may be needed to go back to work

Having the right antibodies to the virus in one's blood - a potential marker of immunity - may soon determine who gets to work and who does not, who is locked down and who is free

Facing recession, Europe expects stimulus measures from ECB ahead of meet

The world is facing a medical emergency that monetary and fiscal policy cannot fix, said Holger Schmieding, chief economist at Berenberg private bank