Page 2 - Global Financial Crisis

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

Ripple effect: What Russia's invasion of Ukraine means for global finance

Russian assault on Ukraine has intensified uncertainty in the world economy, to condemn Putin's war, western leaders announced some sanctions to target Russian financial institutions individuals

White House warns of a global financial crisis on debt default: Report

The potential for global recession could be worse than the 2008 GFC : Report

US market exceptionalism

A bet on US outperformance is a bet on tech, which is near the end of its own hype cycle

The coming long spell of demand drought

Looks like India's demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal

Benchmark indices end FY21 with a gain of 70%, most since 2009-10

The rebound, both in FY10 and FY21, followed a painful period for the market and has been underp­inned by aggressive stimulus measures by global central banks

RBI's policy responses to support economy weren't very impactful: Study

At best, the RBI stopped a sharp spike such as the one witnessed after the global financial crisis

Job losses from virus four times as bad as 2009 global financial crisis: UN

The pandemic severely disrupted the global economy

No high inflation or fiscal crisis in the US but …

Monetary base issued by the Fed had jumped from less than $1 trn before the GFC to more than $3 trn by early 2020 and then to about $5 trn by end of the year. But inflation has hardly gone up. Why?

HDFC Bank bad loan ratio may widen to decade high, says CEO-designate

The bad-loan ratio might widen to 1.4% to 2%, which will be close to the highest level since the global financial crisis, Sashidhar Jagdishan said in a conference call with analysts on Friday

Markets at inflexion point; analysts bullish on consumer, telecom, pharma

The recovery seen in the markets from their March 2020 lows has been quite sharp, with the S&P BSE Sensex and the Nifty50 indices gaining 27.61 per cent and 27.18 per cent, respectively since then