World stocks set for worst week since 2008 as coronavirus fears grip markets
Global share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and derail economic growth.
Feb 28, 2020, 08:31 AM IST
Less than 10% of richest people now own 86% of global wealth, finds study
And since year 2000, the number of millionaires globally has increased 170 percent, while the number of people with more than $30 million to their name has ballooned five-fold to around 45,000 worldwide, the study showed.
Nov 14, 2017, 21:41 PM IST
US fines RBS bank $1.1 bn over pre-crisis mortgages
Royal Bank of Scotland said it had agreed a fine of USD 1.1 billion (982 million euros) with US authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis.
Sep 28, 2016, 12:48 PM IST
Royal Bank of Scotland hits eighth straight annual loss
Britain`s state-rescued Royal Bank of Scotland on Friday posted its eighth annual loss in a row although the latest result came in 43 percent smaller at around £2.0 billion.
Feb 26, 2016, 15:18 PM IST
G20 summit outcome positive for global economic recovery
The G20 Summit concluded with broad consensus on ways of achieving inclusive and robust growth of the global economy.
Nov 17, 2015, 12:43 PM IST
Buffett way ahead in $1 mn wager against hedge funds
On the eve of the 2008 financial crisis, a US hedge fund chief bet $1 million that his complex, high-cost strategies could beat the plodding approach of investment guru Warren Buffett.
Feb 12, 2015, 23:24 PM IST
