Financial & Economic News
Stress test: Fannie, Freddie could need $126B to survive crisis
US housing-finance agencies Fannie Mae and Freddie Mac would need a major infusion of taxpayer cash to survive a financial crisis, a stress test by the Federal Housing Finance Agency has found. A major economic […]
Indian equity mutual funds reach record-high asset base
Enthusiastic retail investors and the popularity of Systematic Investment Plans helped lift the asset base of India’s equity mutual funds to a record 4.5 lakh crore rupees at the end of July. Low interest rates […]
IMF economist sees danger of Japan-like slump in South Korea
A lengthy economic slump may be in South Korea’s near future, one that mimics the extended stagnation in Japan and for similar demographic reasons, an economist with the International Monetary Fund said. However, Rhee Chang-yong, […]
India vows to stick to 4% inflation target
Indian Prime Minister Narendra Modi pledged firm and coordinated action between the government and the central bank to hew to the goal of 4% inflation. Modi noted the 4% figure is official, although it includes […]
FDI in China’s financial institutions falls in Q2
Net foreign direct investment in China’s financial institutions came to 1.826 billion yuan in the second quarter, about half the total in the preceding period. Chinese financial institutions’ net overseas direct investment in Q2 amounted […]
China’s Consumer Price Index slowed to an annual rate of 1.8%
Consumer inflation in China grew less rapidly in July as increases in food costs abated, giving authorities more room to ease monetary policy in the world’s second-largest economy. China’s Consumer Price Index slowed to an […]
European Commission has agreed to cancel budget fines for Spain and Portugal
The European Commission has agreed to cancel budget fines for Spain and Portugal and set new deadlines for the countries to rein in their excess deficits despite them breaching EU limits in 2015. Spain will […]
