Tag Archives: calls

RBI’s Viral Acharya calls for adequate of PSU bank recapitalization

RBI deputy governor Viral Acharya. Photo: Mint Mumbai: Reserve Bank of India (RBI) deputy governor Viral Acharya batted for “decisive and adequate recapitalization” of public sector banks to improve the health of these lenders, even as he expressed concern at the “glacial” pace of restoring public lenders’ health. “Given the correctly recognized scale of NPAs (non-performing assets) in the books of ... Read More »

North Korea nuclear crisis: Putin calls sanctions useless

Russian President Vladimir Putin has said pursuing further sanctions against North Korea is “useless”, saying “they’d rather eat grass than give up their nuclear programme”. The US said on Monday it would table a new UN resolution on tougher sanctions in the wake of the latest test of a nuclear bomb by the North on Sunday. Mr Putin also said ... Read More »

Trading Calls: Buy Titan, Bajaj Finance, Exide Industries, Say Experts

The stock markets extended record run in trades today with Sensex hitting fresh all-time high of 30,346.79 and Nifty rising to hit record high of 9,450.65. The record run in the stock markets came after a pause on the back of whether department predicting stronger-than-expected rains which will help boost rural incomes for those who are dependent on agriculture for ... Read More »

White House calls for domestic cuts to finance Mexico border wall

Donald Trump’s administration requested an immediate 30 billion dollars in additional Pentagon spending (AP) Donald Trump is proposing immediate budget cuts of 18 billion dollars (£14 billion) from programmes like medical research, infrastructure and community grants so US taxpayers, not Mexico, can cover the down-payment on the border wall. White House documents were submitted to Congress amid negotiations over a ... Read More »

China’s Xi calls for wide-ranging measures to regulate hot property market

President Xi Jinping said China’s approach to regulating its red-hot property market will include financial, fiscal, tax, land, and regulatory measures as Beijing looks to develop a long-term mechanism for an industry prone to speculation. China’s home prices rose at the fastest pace on record in November. Prices are rising by more than 20 percent annually in many major cities, ... Read More »

HSBC calls for Theresa May to clarify status of EU nationals

HSBC has called on Theresa May’s government to clarify the position of EU nationals working in the UK because of the uncertainty caused by the Brexit vote. As Britain’s biggest bank reported profits down by almost 50% in the first nine months of the year, its chief executive, Stuart Gulliver, said the prime minister should be given “space” to negotiate ... Read More »

RBS chairman calls on Theresa May to draw up Brexit transitional plan

The chairman of Royal Bank of Scotland has warned that banks could pull operations out of Britain unless Theresa May draws up transitional arrangements for the country’s exit from the EU. Sir Howard Davies said it would be damaging if there was no transitional plan and that banks would have to make decisions based on uncertainty. Speaking to ITV’s Peston ... Read More »

Deutsche Bank chief calls for mergers in Europe

The head of Deutsche Bank made a rare public call on Wednesday for cross-border mergers in Europe, weeks after Germany’s flagship lender scraped through regional stress tests. John Cryan’s remarks will likely spur further discussion about the future of the struggling bank, although he was quick to throw cold water on reports that Deutsche examined a merger with Commerzbank – ... Read More »

UK presses ahead with apprenticeship levy despite calls for Brexit delay

Britain confirmed on Friday it would press ahead with plans to impose a levy on large employers from early next year to help pay for training workers, despite calls from business groups for the charge to be delayed to soften the economic impact of Brexit. The decision comes as Britain faces the looming prospect of a recession, fuelled by wilting ... Read More »

Bank of England’s chief economist calls for more simple pension system

Over-complex pensions are harming the UK economy and reinforcing mistrust of the financial sector, the Bank of England’s chief economist has warned, as he admitted even he was unable to make the “remotest sense” of them. Andrew Haldane said ordinary workers had no chance of making informed decisions for their retirement funds when experts and financial advisers “have no clue ... Read More »