economy

Markets have been dogged by signs of cooling global growth, concerns over interest rates and worries that escalating tensions between the United States and China could scuttle a fragile trade truce.

Deputy Governor Vishwanathan may be made interim head of RBI: Sources Dec 10 2018

N S Vishwanathan, senior most deputy governor, may be made interim head of the RBI following the unexpected resignation of Urjit Patel, according to sources.

Who will replace Urjit Patel at the RBI? Dec 10 2018

Two names doing the rounds are that of Hasmukh Adhia, who retired as finance secretary on November 30 this year, and former economic affairs secretary Shaktikanta Das who retired earlier.

Turkish central bank seen holding rates steady after inflation eases from 15-year high: Reuters poll Dec 10 2018

Turkey’s central bank is likely to keep its main interest rate on hold at 24 percent this week, a Reuters poll showed on Monday, following a bigger-than-expected decline in November inflation.

UK economy slows in three months to October, trade prospects darker Dec 10 2018

Britain’s economy lost speed as expected in the three months to October, reflecting falling car sales and factory stoppages due to weaker demand, raising questions about the economy’s health ahead of Brexit.

Euro zone investor morale slumps to four-year low in December Dec 10 2018

Investor morale in the euro zone slumped to a four-year low in December as fears about trade conflicts, Italy’s budget row with the European Union and Brexit led to a collapse in sentiment, a survey showed on Monday.

ECB and Bank of England eye deal on post-Brexit bank supervision Dec 10 2018

The European Central Bank and the Bank of England are set to work on an agreement laying out how banks should be treated in their respective jurisdictions after Brexit, senior ECB supervisor Ignazio Angeloni said.

RBI spokesman says Deputy Governor Viral Acharya has not resigned: CNBC TV18 Dec 10 2018

Reserve Bank of India deputy Viral Acharya has not resigned, a spokesman from the RBI clarified on Monday following speculation that Acharya would also step down following governor Urjit Patel, television channel CNBC TV18 said.

Expert Views: In surprise move, RBI Governor Urjit Patel steps down Dec 10 2018

The Reserve Bank of India’s Governor, Urjit Patel, resigned for “personal reasons” on Monday, a decision analysts linked to the intense pressure on the central bank from the government to ease regulatory curbs.