FINANCIAL MARKET

  • Powerful typhoon kills 20 in southern China, swipes Hong Kong September 23, 2013

    A powerful typhoon hit Hong Kong and the southern China coast on Monday, killing at least 20 people on the mainland, crippling power lines and causing flooding and gale force winds. Typhoon Usagi, the strongest storm to hit the Western Pacific this year, began pounding the Asian financial centre late on...
  • Cypriot banks on brink in Icelandic flashback March 20, 2013

    Dublin: A small island on the edge of Europe teetering under the weight of its bust banks. Sound familiar? Like Iceland and Ireland before it, Cyprus is battling to prevent an outsized and overextended banking sector from dragging the country into the ground. Cyprus's parliament has overwhelmingly rejected a proposed levy...
  • Cyprus Parliament set to reject tax on bank deposits March 19, 2013

    Nicosia: Cyprus's Parliament was set to reject a divisive tax on bank deposits in a vote on Tuesday, pushing the island closer to a debt default and banking collapse. A weekend announcement that Cyprus would break with previous practice and impose a levy on bank accounts as part of a 10...
  • Hurricane Sandy will keep financial markets closed today October 30, 2012

    New York: Stock trading will be closed in the US for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading will also be closed. The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria, and...
  • Current downturn shortterm phenomenon: RBI Governor April 15, 2012

    New Delhi: Describing the current downturn a shortterm phenomenon, RBI Governor D Subbarao on Saturday said Indian economy is mature enough to absorb 'shocks' and the country's growth story is intact. "The structure of the economy has changed (since 1991). Our financial markets are more matured,...
  • Investors looking beyond Egypt February 5, 2011

    London: Financial market wobbles caused by turmoil in the Middle East have done little to stop investors positioning themselves for a further rally in stocks and other riskier assets as economic growth accelerates around the world. In fact, rising oil and food prices the former exacerbated by the unrest in...
  • Greece readies austerity measures, markets steady April 30, 2010

    Athens: Greece readied severe austerity measures on Thursday to secure a multibillioneuro aid package and avoid debt default, providing relief to financial markets but drawing threats from unions of a mighty battle to come. Union officials said the International Monetary Fund asked Athens to raise sales taxes, scrap bonuses amounting to...
  • IITB to offer MBA in Financial Markets Analysis August 2, 2007

    Mumbai: The Reserve Bank of India Governor, Y V Reddy and the Finance Ministry want it, so, IIT Bombay is working on a twoyear masters degree in Financial Markets Analysis. If Mumbai has to become a financial hub then apart from global financial services industry needs manpower who are required for...