Global Financial Crisis

After Credit Suisse wipeout, AT1 bonds make a return in the global market

A Bloomberg index of contingent convertible bonds has risen 10 per cent from the lows seen during the Credit Suisse crisis

Global trade growth expected to be subpar at 1.7% in 2023: WTO

With this, the trade growth is below the 12-year average of 2.6 per cent since the trade collapse that followed the global financial crisis in 2008

Where in the world is the IMF?

It is not a central player today as the world deals with inflation and financial instability and countries hurtle towards debt crisis. It must be revamped and strengthened to play that role

Sensex crashes over 900pts intra-day: 5 factors behind Monday's market rout

Analysts attribute fallout in domestic equities due to investors' fear of a domino effect after the collapse of big financial institutions in the US, and Europe

Assessing contagion: 'Little, then lottle', like ketchup coming out of bottle

In every systemic crisis, there are initial soothing noises from regulators and commentators: There won't be contagion. Except that eventually there is contagion more often than not, writes T N Ninan

A matter of governance: When independent directors call it quits midway

Most independent directors who quit do not explain why they are leaving before the end of their terms

ESMA deadlock: European regulator's interference unfortunate, says RBI DG

"Potential disruption to the forex markets can be serious"

Beyond Bali

India's presidency must make G20 more relevant

Asia Pacific region faces risks from global financial tightening: IMF

The Asia Pacific region is facing three main risks, including due to global financial tightening and a slowdown in China, according to an IMF official. Shanaka Jayanath Peiris, Division Chief of Regional Studies Division, Asia Pacific Department at the IMF, also said that currencies in the region have depreciated sharply while public debt ratios have increased. "We have identified three main risks to the region -- global financial tightening, Ukraine-Russia war, which has raised commodity prices, but (has) also slowed external demand particularly from Europe and the slowdown in China," Peiris told PTI. He was speaking on the sidelines of the NSEIMF Seminar on Regional Economic Outlook for Asia-Pacific here on Wednesday. At the seminar, he shared the IMF's views on the current risks that the Asian economies face and the implications for India. "We have revised down the (growth) forecast but India is still relatively a bright spot in the outlook for the region... we have 6.1 per cen

Credit Suisse to pay $495 mn to settle case linked to 2008 financial crisis

The Swiss bank said in a statement on Monday that it's "fully provisioned" for the payment, which will resolve claims tied to more than $10 billion in such securities

Rupee loses 10% vs USD over a year, FX reserves fall to near 2-yr low

The rupee has depreciated 9.7 per cent against the dollar since September 2021

Nations' leaders meet at UN amid rising global turbulence, war, food crisis

Facing a complex set of challenges that try humanity as never before, world leaders convene at the United Nations this week under the shadow of Europe's first major war since World War II a conflict that has unleashed a global food crisis and divided major powers in a way not seen since the Cold War. The many facets of the Ukraine war are expected to dominate the annual meeting, which convenes as many countries and peoples confront growing inequality, an escalating climate crisis, the threat of multiple famines and an internet-fuelled tide of misinformation and hate speech all atop a coronavirus pandemic that is halfway through its third year. For the first time since the United Nations was founded atop the ashes of World War II, European nations are witnessing war in their midst waged by nuclear-armed neighbouring Russia. Its Feb 24 invasion not only threatens Ukraine's survival as an independent democratic nation but has leaders in many countries worrying about trying to preserve

UN warns of global emergency as nearly 345 mn people face acute starvation

The U.N. food chief warned Thursday that the world is facing a global emergency of unprecedented magnitude, with up to 345 million people marching toward starvation and 70 million pushed closer to starvation by the war in Ukraine. David Beasley, executive director of the U.N. World Food Program, told the U.N. Security Council that the 345 million people facing acute food insecurity in the 82 countries where the agency operates is 2 times the number of acutely food insecure people before the COVID-19 pandemic hit in 2020. He said it is incredibly troubling that 50 million of those people in 45 countries are suffering from very acute malnutrition and are knocking on famine's door. What was a wave of hunger is now a tsunami of hunger, he said, pointing to rising conflict, the pandemic's economic ripple effects, climate change, rising fuel prices and the war in Ukraine. Since Russia invaded its neighbour on Feb. 24, Beasley said, soaring food, fuel and fertilizer costs have driven 70

Here's how 6-months of Ukraine-Russia war rattled global financial markets

Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation" thousands have been killed, millions made homeless and the world has seen the worst East-West tension

India @75: Memorable moments in markets

As the country celebrates its Platinum Independence anniversary, here's a throwback on the many events that that recalls the key moments that shaped Indian markets and brought it to where it is today

India @75: Memorable moments in markets

As the country celebrates its Platinum Independence anniversary, here's a throwback on the many events that that recalls the key moments that shaped Indian markets and brought it to where it is today

Crisis and macroeconomic policy

The book is worth a read for all those interested in our economy - students or commentators of various tints - not least because most arguments are data-anchored but devoid of spite

The risk of accidents

Growth downturns can expose vulnerabilities that increase market risks

UBS expects retail flows into equity markets to slow amid rising rates

Meanwhile, the $23 billion net selling by FIIs (equity) in the Indian market year-to-date (YTD), is, when adjusted for FII AUM, the most intense in over a decade-surpassed only by the GFC, UBS said

Insolvent Sri Lanka should swap its central bank with currency board

Currency boards are typically associated with lower inflation, higher economic growth and smaller fiscal deficits when compared with hard pegs that are supported by promises, rather than protocols