The outcome of Prime Minister Narendra Modi’s demonetization drive sees economy returning to “normalcy,” and a surge in deposits from the cash swap has given more room on lending, says India’s largest bank even though it was blindsided by the drive, the… Read More ›
Day: March 3, 2017
Row Over South Korean Missile Shield Plans Results In Chinese Companies Boycotting S Korean Retailer
After South Korea’s Lotte Group agreed on Monday to provide land to host a US anti-missile system that Beijing sees as a threat to national security, Chinese media reported the several Chinese companies have said that they will no longer… Read More ›
Banks paid $321 billion in fines after the 2007-2008 financial crisis: Boston Consulting Group
The fines indicate the growing efficiency of regulators in ensuring compliance from banks midst efforts made by the Trump administration to loosen banking laws. As per a note prepared by the Boston Consulting Group, with regulators stepping up their scrutiny,… Read More ›
White House proposal has significant budgetary cuts for ongoing environment and climate change programs
The Trump Administration aims to squeeze funds from climate change and environmental programs to direct them to fortifying the military. According to a person with direct knowledge of the proposal, the White House is proposing a significant cut, by as… Read More ›
Eurozone’s PMI points to strong economic growth across the region
IHS Markit’s final composite Purchasing Managers’ Index has risen to a new historic high. The results of a survey have disclosed that business in the Eurozone has grown in its fastest pace in almost 6 years with job creation being… Read More ›