crisis:

Indian banks will not be hit by global crisis: FM Saturday, October 25, 2008 SIVAGANGA (TN): The government on Saturday said that the bank deposits are safe and there will be no impact of the 'global economic tsunami' on them. "We have been insulated from the impact of global...

Sometimes events far away can have consequences in the most unexpected places. As the aftershocks of the tsunami that hit Wall Street on September 15th, 2008 reach Indian shores, the effects are showing. With Lehman declaring bankruptcy and Merrill Lynch being acquired by Bank of America, there...

MUMBAI: A top-ranked US analyst has said the events that shook Wall Street last week spell the end of the golden age of offshoring for India. Days after Wall Steet’s collapse, vice-president and principal analyst with US research firm Forrester, John McCarthy, said the scale of the crisis had...

The global financial hurricane has swayed China and India only slightly, but the emerging Asian giants are not yet strong enough to drive a revival in world economic momentum, analysts say. For all the talk of Asia as a new locomotive of growth, recent turmoil has only underlined the United...

US mortgage crisis: Subprime Q: What is a sub-prime loan? A: In the US, borrowers are rated either as 'prime' - indicating that they have a good credit rating based on their track record - or as 'sub-prime', meaning their track record in repaying loans has been below par. Loans given to...