Monday, 16 May, 2022
TopicFinancial crisis

Topic: Financial crisis

Why investors are fleeing China’s investment-grade property bonds

Since Evergrande nearly defaulted on its debt, China is taking a close look at rules governing residential real estate. Local govts now want more say in how escrow accounts are used.

Last resort: Indians in distress are selling gold & third wave could only make it worse

The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold.

South Asia risks financial crises due to high levels of ‘hidden debt’, World Bank warns

The World Bank said India is particularly vulnerable to sovereign debt and funding risks, especially after the Covid pandemic shuttered businesses and left millions jobless.

Mumbai & Delhi rank among world’s 5 ‘most stressful’ cities to live in

Survey by German wellness company Vaay compared 100 cities of the world. While Mumbai ranked at the bottom, Delhi was 97 among 100.

WTO cuts global trade forecast to lowest levels in a decade

It’s the third consecutive year the WTO has reduced its expectations for global trade growth, reflecting similar readings from World Bank and IMF.

King of Indian bond sales warns of biggest crisis since Lehman

Axis Bank's Shashikant Rathi says the bond market is in 'complete chaos' since the shock defaults last year by IL&FS.

These are the tremors that are beginning to rattle the world economy

Widespread feeling at IMF meeting was that ground under global economy, financial markets and multilateral trading system has started to shift. 

On Camera

YourTurn

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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