Ecuador completes $1.5 billion debt swap for Amazon conservationInternational environmental negotiations are facing significant setbacks. Recent UN-sponsored talks on climate change, plastic pollution, b...
17 Dec, 2024, 02.37 PM IST
China shows steady progress in oct as consumption rises on stimulusChina's economy is showing signs of recovery with retail sales reaching an eight-month high in October, indicating that recent stimulus mea...
15 Nov, 2024, 11.56 PM IST
China unveils $839 bn debt swap to rescue local governments amid Trump risksChina has unveiled an $839 billion program to address local government debt by raising the debt ceiling and issuing special bonds. This mea...
08 Nov, 2024, 02.06 PM IST
China weighs $853 billion debt swap to rescue local governmentsChina is considering allowing local authorities to issue up to 6 trillion yuan in bonds through 2027 to refinance off-balance-sheet debt. T...
15 Oct, 2024, 11.32 PM IST
India ready to give Maldives aid as sukuk default risk loomsIndia is prepared to offer the Maldives emergency financial support to address its financial challenges, including a potential sukuk defaul...
13 Sep, 2024, 03.30 PM IST
A $25 billion fund manager says market is wrong on RBI-hike betsFive-year interest-rate swaps jumped to 5.42 per cent on March 8, the highest in more than a year, reflecting surging expectations of a tig...
15 Mar, 2021, 04.28 PM IST
Sri Lanka shuns IMF for China by taking a leaf out of Malaysia's contrarian crisis playbookThe new steps will strengthen Sri Lanka’s credit profile, enhance exchange rate stability, and improve the resilience of the economy, the n...
09 Mar, 2021, 03.15 PM IST
Fed unbound: Balm for markets, economyBeginning with an emergency interest-rate cut announced March 3, the Fed has run through its 2008-09 crisis playbook and leapt into unchart...
26 Mar, 2020, 08.40 AM IST
China to unleash over $100 billion of liquidityThe funds unlocked from the reserve ratio cut shouldn’t be used to support so-called zombie companies.
25 Jun, 2018, 10.37 AM IST
Lenders to India's Reliance Communications face uphill struggle after debt swapThe swap gives lenders an 18-month grace period during which they can try to revive Reliance Communication and avoid having to recognize lo...
06 Nov, 2017, 08.26 AM IST
No one reveals who took $586 billion in Federal Reserve swapsAs part of a currency-swap plan active from 2007 to 2010 and revived to fight the European debt crisis, the Fed lends dollars to other cent...
13 Dec, 2011, 10.59 AM IST
Federal Reserve and Central Banks of Canada, England, Japan, etc., join act to save EUEuropean stocks extended their gains, the euro advanced against the dollar and treasuries fell after the announcement.
03 Dec, 2011, 10.55 AM IST
- Fed extends program to ease Europe debt crisis
The Fed is lending dollars to other central banks in exchange for their currencies. The central banks can lend those dollars out to banks i...
21 Dec, 2010, 08.40 PM IST
- European crisis shows vulnerability: Fed official
Although financial conditions in the United States have improved since the 2008 crisis, events in Europe show their fragile underside, a Fe...
13 May, 2010, 07.50 PM IST
- Greek PM rules out bailout but urges EU solidarity
Greece intended to solve its debt crisis on its own, as the government replaced the head of its debt management agency ahead of key moves t...
20 Feb, 2010, 02.12 AM IST
- Fed holds rates at record low to aid recovery
Fed Reserve has decided to hold interest rates at record low for an extended period to nurture US economic recovery. Ben Bernanke: Face of ...
28 Jan, 2010, 01.45 AM IST
- Citigroup closes portion of debt exchange
The exchange did little to sway Citigroup's stock price. Shares rose 3 cents, or 1.1 percent, to $2.83 in afternoon trading.
24 Jul, 2009, 01.00 AM IST