Why did Yes Bank have to be bailed out?

How will the Reserve Bank of India plan impact depositors? What are the implications for the banking sector? The story so far: On the advice of the Reserve Bank of India (RBI), the government imposed a moratorium on Yes Bank with effect from 6 p.m. on March 5 up to April 3. Subsequently, the RBI superseded the private sector lender’s […]

» Read more

Oil price slides on concern over OPEC-Russia deal on output

Coronavirus causes steep decline in oil demand IHS Markit Vice Chairman Daniel Yergin says Russia will be on board for a 1.5-million barrel per day production cut. The price of oil is slumping amid doubts that OPEC will succeed in agreeing with ally Russia on cutting production to support prices as the coronavirus outbreak disrupts the global economy. Continue Reading […]

» Read more

Tech shows go digital route amid coronavirus risks

Tech conferences increasingly are beginning to feel a lot more like home. The spread of the coronavirus has resulted in a wave of conferences reconfigured as digital summits that can be attended remotely from home. No more cramped conference rooms, bad food, cheesy product announcements and sleeping in a strange bed. On Tuesday, Alphabet Inc. GOOGL, +2.12%GOOG, +2.11% and Okta Inc. […]

» Read more
1 10 11 12