Finance

Best Loan Buys

Are you scouting for a loan to buy a house, a car or for your child’s education? Given below are the best deals on offer from public and private sector lenders. Data provided by Deal4Loans.com [“source-businesstoday”] Read More »

SBI slashes home loan rates by up to 0.4 per cent

State Bank of India (SBI) has cut home loan rates by up to 0.4 per cent for new borrowers, a day after the Reserve Bank of India (RBI) kept its key policy rates on hold. The new rates would be effective from Friday, India’s largest lender said in a statement. SBI home loans will now be available under two slabs ... Read More »

Bankers rule out rate cuts as RBI keeps key rates unchanged

Bankers on Wednesday ruled out a reduction in interest rates even as the Reserve Bank kept key policy rates on hold. Bank of India Chairperson V R Iyer said there was no room for cutting lending and deposit rates at the moment. “Inflation is very high and there is hardly any scope for us to reduce the interest rate on ... Read More »

China sell-off: time to worry or a chance to buy?

Investors lured by rapid growth in China are having their nerves tested following dramatic stock market falls and even predictions that the country is facing its own Wall Street crash. British investors are counting the cost with Fidelity China Special Situations, a popular fund in the UK, having lost 30pc in just six weeks. The authorities are scrambling to prevent ... Read More »

Hiring may grow by 15% on digitization, smart cities move: survey

Indian employers appear to be upbeat about government initiatives like digitalization and smart cities as they plan to increase hiring activities by up to 15% in specific sectors such as IT,manufacturing and construction, says a survey. About 51% respondents surveyed believe there will be a hiring growth of up to 15% this fiscal, according to the Genius Hiring-Attrition & Compensation ... Read More »

Germany won’t spare Greek pain – it has an interest in breaking us

Greece’s financial drama has dominated the headlines for five years for one reason: the stubborn refusal of our creditors to offer essential debt relief. Why, against common sense, against the IMF’s verdict and against the everyday practices of bankers facing stressed debtors, do they resist a debt restructure? The answer cannot be found in economics because it resides deep in Europe’s ... Read More »

The Latest: Greece Denies Report of Temporary Grexit

The Greek government is denying a report that the German finance ministry has proposed a temporary, five-year euro exit for Greece. Theodoros Mihopoulos who heads Greek Prime Minister Alexis Tsipras’ office, said in a tweet that the report in Germany’s Frankfurter Allgemeine Sonntagszeitung newspaper “is completely denied.” According to the report, the German finance ministry also proposed that the Greek ... Read More »

International Financial Institutions Announce $400 Billion to Achieve Sustainable Development Goals

WASHINGTON, July 10, 2015—The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilize the resources needed to meet the historic challenge of achieving the Sustainable Development Goals (SDGs). The institutions—the African Development ... Read More »

REFILE-World looks to Ethiopia to break deadlock over financing new development goals

NAIROBI, July 10 (Thomson Reuters Foundation) – Negotiators locked horns until 2 a.m. some nights in New York this past month, trying to agree on a way to finance the United Nation’s bold new global development agenda — without success. The disputed 31-page document is headed to the Ethiopian capital, Addis Ababa, where some 190 nations hope to agree on ... Read More »

Spa City Republican running for finance commissioner

Saratoga Springs Republican Kenneth Ivins did not receive the endorsement of his party to run for finance commissioner, so he went door-to-door and collected hundreds of signatures in an attempt to obtain the party’s line on the November ballot. Ivins announced Tuesday near High Rock Park that he would challenge incumbent Democrat Michele Madigan for finance commissioner without the support ... Read More »