China Heading Towards Imminent Financial Crisis? Another Big Firm Defaults On Loan Repayments
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.
Aug 19, 2023, 07:41 AM IST
DNA: Bank Crisis -- China deploys tanks against its citizen
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.
Jul 23, 2022, 00:24 AM IST
Taarak Mehta Ka Ooltah Chashmah's Nattu Kaka aka Ghanshyam Nayak blasts rumours, says 'I am not unemployed'
The 77-year-old actor Ghanshyam Nayak has predominantly worked in several Gujarati and Hindi movies, TV shows. Also, he has also been a part of as many as 100 Gujarati stage plays.
May 27, 2021, 11:56 AM IST
Leading economist warns of 10 years of depression, debt due to global impact of coronavirus
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.
May 23, 2020, 08:09 AM IST
TV actress Sonal Vengurlekar suffers financial crisis amid lockdown, lauds make-up man for offering assistance
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.
May 14, 2020, 17:06 PM IST![OECD sees growth flounder as "globalisation stalls"](https://english.cdn.zeenews.com/sites/default/files/styles/zm_700x400/public/2016/09/21/531018-oecd.jpg "OECD sees growth flounder as "globalisation stalls"")
OECD sees growth flounder as "globalisation stalls"
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.
Sep 21, 2016, 16:32 PM IST
World Bank lending hits post-financial crisis peak
Lending to needy countries by the World Bank surged to a level last year normally only seen during financial crises, the Bank said Monday.
Apr 11, 2016, 21:39 PM IST
Credit Suisse to pay $29 million in US regulator's mortgage case
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.
Mar 25, 2016, 05:22 AM IST
Financial crisis leads politician to kill wife, kids and self!
A 45-year-old petrol pump owner, Shashank Tiwari allegedly shot his wife, son and daughter dead before killing himself due to financial crisis in Bahoriband town of the district, police said today.
Feb 14, 2016, 10:45 AM IST
No financial crisis risk, but bad loans still a problem: Raghuram Rajan
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.
May 14, 2015, 21:37 PM IST
Goldman Sachs must face $120 million suit over mortgage securities-court
ACA says it lost approximately $900 million on the deal when the subprime mortgage market collapsed.
May 07, 2015, 22:19 PM IST
Morgan Stanley posts highest profit since financial crisis
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.
Apr 21, 2015, 02:37 AM IST
Oil, coal and iron ore at financial crisis levels
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.
Dec 15, 2014, 18:55 PM IST
More than 2.2 billion people 'poor or near-poor': UN
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.
Jul 24, 2014, 18:45 PM IST
Citigroup to pay $7 bn to settle US mortgage suits
The bank will take a USD 3.8 billion pre-tax charge to cover the settlement.
Jul 14, 2014, 17:11 PM IST
