A worker operates a machine inside a small scale manufacturing unit in Mumbai. File | Photo Credit: Reuters The Supreme Court has held that banks or creditors are required to identify the incipient stress in the account of the Micro, Small and Medium Enterprises (MSMEs), before their accounts turn into non-performing assets. A Bench headed
Cryptocurrency ATMs in Hong Kong. BLOOMBERG Bitcoin and ether dived yesterday to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets while US Treasuries were among the day’s winners as investors rushed to safe-haven assets. Bitcoin plunged 13 percent to US$51,560 (HK$401,282) at one time,
NEW YORK (AP) — A scary Monday that started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy. The S&P 500 dropped 3% for its worst day in nearly two years. The Dow Jones Industrial
The decision came in response to a lawsuit by the state of Missouri claiming that the case infringed on voters’ rights. The US Supreme Court has declined to halt Donald Trump‘s upcoming sentencing for his conviction in state court in New York on felony charges involving hush money paid to a porn star and a
Recently, a reputable Bitcoin (BTC) purveyor and pundit asserted that the crypto market will shed more blood in the coming days, encouraging investors to consider investing in a new Ethereum token called RCO Finance (RCOF). Priced at $0.0343, this token has continuously printed impressive gains while other crypto assets registered losses. According to him, investors
(Reuters) – U.S. banks reported no change in demand for commercial and industrial loans in the most recent quarter, the strongest showing on that measure in two years, according to a Federal Reserve survey of senior loan officers published on Monday. Fed officials had the survey results in hand last week when they decided to
During July several institutions conducted experiments as part of the Eurosystem wholesale DLT settlement trials using central bank money. One test involved BayernLB issuing a digital registered bond to test the use of DLT for ownership assignment and settlement. Stadtsparkasse München was the buyer and made the payment using the Deutsche Bundesbank Trigger solution. The
U.S. stocks opened lower after global markets plunged overnight over worry about the health of the U.S. economy. The S&P 500 Index was down 8.6% Monday morning before gaining much of it back and the NASDAQ Futures Index fell 6% after global markets plunged over worries about a possible recession in the world’s biggest economy.
Siya Kolisi looks set to leave Racing 92 after just one season with his time at the French Top 14 side dubbed a “flop”, which is a trend with the club. Racing 92 have a history of signing high-profile players who haven’t quite delivered on the pedigree that they have promised and Kolisi looks to
Chris Metcalfe, IBOSS Chief Investment Officer, part of Kingswood Group has commented on the global stock sell off and market outlook. He says: “The statistics we’re seeing right now are truly remarkable. Japan has experienced its worst day since 1987, marking a historical low, we’ve also witnessed the worst three-day run ever, and South Korea has