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Latest Articles in economy

Pre-Budget Expectations

India is a developing country where the successful emergence of an entirely new industry will permeate much of our economy with greater force.

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Indian Insurers Prepared To Withstand Economic Downturn: Moody's

Profitability and solvency concerns are driving mergers and acquisition in the private sector, and some private players are planning public listings in order to raise capital, according to the agency.

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Bank Of England Tweaks Stress Test Of Banks In Light Of COVID-19

"The focus this year will be to inform judgements about the most appropriate ways in which the banking system can continue to support the economy through the ongoing stress,"

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Insurers Asked To Adopt One Aspirational District Each, Says IRDAI Chairman

Life insurance penetration in the country is 3.6 per cent of the GDP, way below the global average of 7.13 per cent, and in case of general insurance it is even worse at 0.94 per cent of GDP, as against the world average of 2.88 per cent.

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Global Markets: Shares Climb Ahead Of Yellen Speech, Earnings In Focus

Asian shares posted strong gains and in Europe upbeat earnings reports from miner Rio Tinto and computer peripherals maker Logitech helped the STOXX 600 benchmark index edge up by 0.1% in morning trade.

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Bitcoin Overtakes 'Long Tech' As Most Crowded Trade - BofA Survey

The top tail risks to the economy were thought to be problems with the vaccine rollout (30%), the Fed easing its asset purchases (29%), and a Wall Street bubble (18%).

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CSB Bank Q3 Net Up 88%, Provisions Also Soar

CSB Bank shares were trading 2.60 per cent up at Rs 237.20 apiece on the BSE at 1443 hrs as against 1.75 per cent gains on the benchmark.

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Brent Crude Edges Up As Optimism Over Economy Trumps Demand Concerns

Investors are upbeat about demand in China, the world's top crude oil importer, after data released on Monday showed its refinery output rose 3% to a new record in 2020.

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Japan Firms See Capex Rebound In FY2021 Despite COVID Hit

Policymakers worry the recent declaration of a state of emergency in Tokyo and 10 other prefectures could dampen business and consumer sentiment as they struggle to balance the need to revive the economy and contain the virus.

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Malaysia To Roll Out Additional $3.7 Billion Stimulus Measures: PM

Malaysia declared a state of emergency and imposed a nationwide travel ban and lockdowns in the capital and five states to help curb the spread of the outbreak, which has been worsening in recent days in the Southeast Asian country.

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China Records Lowest Economic Growth In 45 Years

China's GDP in annual terms in 2020 amounted to 101.598 trillion yuan [about $15.68 trillion], an increase of 2.3% over the same period last year," the NBS report says as quoted by Sputnik.

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China's Monetary Policy To Support 2021 Economic Recovery - PBOC Vice Governor

China's weighted average corporate lending rate was 4.61% at the end of 2020, down 51 basis points from a year ago, Chen said, reflecting authorities' goal to bring down borrowing costs for cash-strapped businesses

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China's Battle Against Fresh COVID Outbreak Clouds Economic Recovery

Manufacturing and export demand remain robust. But economists say consumption, which typically accounts for more than half of the economy and has lagged the wider recovery

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Pandemic Is Boosting Euro Zone Imbalances, Ministers To Mull Way Out

The COVID-19 crisis was therefore making existing problems with disparate debt trends among euro zone countries even worse, which could lead to members diverging economically.

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Biden announces USD 1.9 trillion stimulus Covid-19 'American Rescue Plan'

Biden announces USD 1.9 trillion stimulus Covid-19 'American Rescue Plan'

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