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What Is The Impact of A Greece Eurozone Exit On India?

As we write the debt crisis in Greece has worsened. Greece has to make payments to international creditors by June 30, which is just a few days from now and it does not have the money. If Greece defaults there ...

Mounting risks, euro area worries fuel financial instability: IMF

Risks to global financial stability have increased and financial markets have been volatile as European policymakers grapple with the ongoing crisis, the International Monetary Fund (IMF) said in its latest assessment of the global financial sector. Faltering market confidence has ...

BRICS pledges USD 75 bln contribution to IMF's bailout fund

India and four other countries of the five-nation BRICS bloc today gave a big boost to IMF's USD 430 billion bailout fund for the debt-wracked 17 nation Eurozone pledging to contribute USD 75 billion with New Delhi's contribution being USD 10 ...

Greexit: A big collateral damage likely in India or is it a bigger hoopla?

It maybe impending or it might never happen, but the prospects of Greece leaving the eurozone are getting increasingly real, now, then ever before. Greek mythological god Apollo (known to prophesy) may now have to be called to predict if Greece ...

Markets trade higher on rate cut hopes

Indian indices rose on Wednesday tracking positive Asian cues. The BSE Sensex opened higher by 155 points, while Nifty rose by 45 points in early trade. Market sentiment was boosted on rate cuts hopes by RBI. At 9.40 am IST, ...

Sensex below 16k level; Nifty down 65 points

After Greece, now Spain is adding to worries from Europe, after its economy contracted 0.3 percent in the first quarter after of 2012. Indian bourses opened lower tracking negative global cues like the Spain contraction and higher bond yields in the ...

Gold losing its sheen on Greece worries

Gold price fell again in electronic trade today on persistent worries in Europe, particularly Greece, which is in a political turmoil. Gold futures for immediate delivery on Multi Commodity Exchange lost Rs 166 at Rs 28,078 per 10 grams. It ...

Greek crisis weigh on markets; trade flat

The Indian markets were trading flat in early trade, on persistent worries in Europe, particularly Greece, which is in a political turmoil.At 9.35 am IST, the Sensex was trading at 16220 points, up 15 points and the Nifty was at ...

US jobs data, Hollande win drag indices lower; Bankex tumbles

European election results, which cast a doubt over austerity measures in the Eurozone region and disappointing US jobs data reported on Friday, saw Asian indices tumbling and Indian indices following suit. The Indian indices opened lower on Monday tracking weak global ...

Stocks, gold, crude hit QE3 wall; fall flat

Stocks, gold, silver and commodities like crude have fallen off dramatically as the disappointment on QE3 (monetary easing) continues to adversely affect sentiments. Gold on Wednesday dropped to a three-month low as savage selling saw the metal shave off 2.6% to ...

Second bailout package on Greece agreed

Eurozone's finance ministers finally agreed on a second bailout for Greece – a package that would help the country honour its debt obligations and would prevent bankruptcy in March, when huge debts become payable. The deal, which has been on ...

Sensex, Nifty wipes out losses, DLF, BHEL, ACC up

The domestic bourses followed global peers and wiped out day's losses ahead of G-20 summit amid hope that leaders of 20 countries may come out with possible steps to curb Euro-zone's debt crisis. The 30-share Sensex was seen up by ...

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