National & International Financial news and Updates

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Isis bans Syrian banknotes, may be ready to issue its own currency

The move affects businessmen, store owners and employees who put all their savings into the high value notes.

Dec 1, 2015

Israel: Netanyahu orders suspension of EU contacts over labelling of West Bank goods

EU had said all goods coming from West Bank need to be labelled, so they're differentiated from Israeli goods.

Nov 30, 2015

India's financial conditions are better over previous quarter, says CII-IBA

Financial conditions have shown a healthy improvement due to low cost of funds, strong liquidity, etc.

Nov 30, 2015

RBI: 5th monetary policy review of fiscal to be declared on 1 December

Analysts say RBI is unlikely to cut rates further, ahead of the US Federal Reserve's policy review due mid-December.

Nov 30, 2015

Iran: 50 oil projects proposed to foreign investors, says media

Some 135 energy companies attended a conference in Tehran to hear the terms of a new energy contract.

Nov 29, 2015

Genuine climate change financing needed, says economic affairs secretary

Das says clean technology is important and not unreasonable standards that create markets for developed countries.

Nov 29, 2015

66 lakh benefit from Mudra scheme, claims PM Narendra Modi

The Mudra scheme provides loans for setting up businesses.

Nov 29, 2015

EU aims to enhance national privacy regulators in new US data pact

The commission is looking for ways to involve European privacy watchdogs more deeply.

Nov 29, 2015

HSBC whistleblower Herve Falciani sentenced to 5 years in prison

He may not serve time in a Swiss prison as France does not extradite its own citizens.

Nov 27, 2015

Saudi Arabia: Bad PR effort fuels riyal devaluation rumours

Bankers said that capital city Riyadh has the available tools to protect the country as low oil prices push the current account.

Nov 27, 2015

High-level panel soon to tackle banks' bad loans, says official

NPAs is a matter of concern and the government is vigilant in this regard, he added.

Nov 27, 2015

WTO talks deadlocked as ministers prepare to meet in December

The ministers are scheduled to meet in Nairobi on 15 December and disagree on a worldwide package of trade reforms.

Nov 27, 2015

Wealth of India's super rich to double by 2020, says study

The HNIs are also expected to see their wealth growing faster than the wealth of their Chinese counterparts.

Nov 27, 2015

RBI allows foreign investors to buy corporate bonds in default

It's a potential boost to the country's nascent distressed debt market.

Nov 26, 2015

Bain sells shares in Hero MotoCorp to raise $116 million

Bain launched the deal to sell 2.98 million Hero shares on 25 November.

Nov 26, 2015

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