Financial crisis News

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At least three Chinese companies — Nacity Property Service, KBC Corporation and Xianheng International Science and Technology — said in separate stock exchange filings in recent weeks that Zhongrong Trust has encountered difficulties in meeting obligations to its corporate investors.

In China these day, the matter of corruption in 5 banks is intensifying. People's 46 thousand crore rupees are stuck in these banks, after which these people have come out on the streets to withdraw their money. To halt this protest, the Chinese government has deployed tanks on the streets.

The 77-year-old actor has predominantly worked in several Gujarati films, Hindi movies and TV shows. Also, he has also been a part of as many as 100 Gujarati stage plays.

Noted economist Nouriel Roubini has warned of a prolonged downturn and sluggish recovery from the coronavirus pandemic. Nicknamed Dr Doom for his gloomy predictions, Professor Roubini said there are some jobs that simply will not come back after this crisis, the BBC reported on Friday.

Sonal Vengurlekar was first seen on the TV show 'Alaxmi' in 2012. Since then, she has worked in many popular shows like Shastri Sisters, Yeh Vaada Raha, Saam Daam Dand Bhed, Dil Dosti Dance, Yeh Rishta Kya Kehlata Hai, Dev, Laal Ishq and Yeh Teri Galiyan amongst others.

Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalisation grinds to a halt, the OECD warned on Wednesday.

Lending to needy countries by the World Bank surged to a level last year normally only seen during financial crises, the Bank said Monday.

Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator`s claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed on Thursday.

Raising concern over rising bad loans at some banks, RBI Governor Raghuram Rajan Thursday said there was no danger of any financial crisis but it may be early to declare that the worst was over on the NPA front.

ACA says it lost approximately $900 million on the deal when the subprime mortgage market collapsed.

Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities.

Tumbling oil, coal and iron ore prices are now all at levels last seen during or before the financial crisis of 2008/2009, signalling not only the impact of a glut of supplies but deeper weakness in parts of the global economy, analysts say.

More than 2.2 billion people are "poor or near-poor", with financial crises, natural disasters, soaring food prices and violent conflicts threatening to exacerbate the problem, a United Nations report said Wednesday.

The bank will take a USD 3.8 billion pre-tax charge to cover the settlement.