Banking Economy

Latest News for: Banking economy

India likely to receive USD 25-30 billion financial aid from World Bank for transition from ...

India TV 21 Sep 2018

In a major boost to Indian economy, the World bank has endorsed an ambitious five-year framework for India under which it is expected to receive USD 25-30 billion financial aid for transition from a low-middle income to high-middle income nation, a senior official from the global lender said ... India's economy to regain 'fastest growing' tag, GDP to grow at 7.3% in 2018-19, says World Bank....

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Ramaphosa feeling the pressure

Independent online (SA) 21 Sep 2018

PRESSURE is mounting on President Cyril Ramaphosa to present a stimulus package that will arrest the economy's decline after the South African Reserve Bank (Sarb) and the Organisation for Economic Co-operation and Development (OECD) yesterday both slashed the country's growth outlook. The bank said it now forecasts that the economy would grow a modest 0.7percent this year, down from 1.2percent in July....

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Cashless society: Demonetization breeds an outbreak of violence around the world

Merinews 21 Sep 2018

As for governments, they are well aware that killing cash and transforming it into bank deposits would give them unprecedented visibility and control over their economies ... While a cashless revolution would indeed enable banks to increase their economic performance and allow governments more control over society, they claim that people should not serve the economy, but rather that the economy should serve the people....

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NPAs hit economy: FICCI president

The Times of India 21 Sep 2018

Federation of Indian Chambers of Commerce and Industry (FICCI) president Rashesh Shah said on Thursday that non-performing assets (NPA) in banking sector has affected the economy but the government is doing well to recover the dues ... It did affect the economy but the government is working well to bring them down. The banks too are doing good to clean up their system,” Shah said ... Best Banks for Non Resident Indians (NRIs)....

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Japan inflation ticks up but BOJ's target remains elusive

This is Money 21 Sep 2018

TOKYO, Sept 21 (Reuters) - Japan's annual core consumer inflation ticked up slightly in August but remained distant from the central bank's 2 percent target, suggesting that monetary policy will stay ultra-loose for the time being ... The BOJ kept monetary policy steady on Wednesday and its governor stressed that the bank won't pull the plug on monetary easing until inflation hits its elusive target....

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Corporate debt: the big bubble to watch now

Moneyweek 21 Sep 2018

It’s not just fragile banks you need to be wary of ... what will spawn the next big crash? Banks are safer than they were – even if they haven’t been sufficiently restructured for our liking – so it’s unlikely to originate with them this time. But as David Rosenberg of Gluskin Sheff notes, you don’t need fragile banks to have a market crash – the dotcom bust is just one example....

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A workforce boom makes SMEs more important than ever in Africa

The National 21 Sep 2018

That’s 1.3 billion more people to be fed, housed, educated and trained with skills that will lead to jobs in tomorrow’s economy ... What are the new plans for the economy and why do we need them? ... These factors are all relevant, but too little analysis is done on investment in small-to-medium enterprises - those day-to-day businesses that are the backbone of any economy....

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Stronger dollar unlikely to derail bullish view on commodities: Goldman Sachs

Moneycontrol 21 Sep 2018

The dollar has been lifted by a stronger-than-expected US economy, the world's largest, and that's a positive sign for global growth, the US investment bank said ... The dollar has been lifted by a stronger-than-expected US economy, the world's largest, and that's a positive sign for global growth, the US investment bank said ... The bank said its ......

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Seeking to restore confidence, Turkey slashes growth forecasts

Dawn 21 Sep 2018

Turkey sharply cut its growth forecasts for this year and next on Thursday, but disappointed investors who had hoped for a plan to help banks and a deeper reduction in the estimates to reflect the fragile state of the economy ... The turbulence has shaken global financial markets and raised the prospect of a potential banking crisis at home ... “We are aware of the economy’s strong and weak points.”....

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A senior Deutsche Bank banker told management the bank should break itself up

Business Insider 21 Sep 2018

Ray Dalio says the economy ... Deutsche Bank M&A Commerzbank Banking investment banking....

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China more confident after stabilising yuan, seen cutting reserve ratio soon

This is Money 21 Sep 2018

The People's Bank of China (PBOC) has made three targeted cuts so far this year to bank reserve requirement ratios, or RRR, to free up more funds and encourage banks to continue to lend, particularly to smaller firms which are facing strains from the slowing economy ... "In general, deleveraging in the banking sector has come to an end ... While the world's second-largest economy is clearly slowing, it has been largely resilient to U.S....

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ANC bans spokesperson Phelisa Nkomo from talking about the economy

Business Day 21 Sep 2018

ANC communicator Phelisa Nkomo, who issued a statement on the SA Reserve Bank decision to keep the repo unchanged, has been barred from commenting further on the economy, according to sources in Luthuli House ... The statement suggested the ANC was attempting to influence the Bank’s decision, a violation of its independence, which is enshrined in the constitution....

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Analysts optimistic of bank’s credit extension in H2

Business Day Online 21 Sep 2018

The private sector of the Nigerian economy has been witnessing a draw back on credit facilities and allocations by deposit money banks. However, analysts are optimistic that bank’s credit extension will improve in the second half of the year....

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