Covid second wave: FM discusses India’s five-pillared strategy with World Bank Group President
Union Finance Minister Nirmala Sitharaman - PTI×
Sitharaman holds meeting via virtual mode with David Malpass
Finance Minister Nirmala Sitharaman on Tuesday lauded the World Bank Group (WBG) for its initiative to increase lending space for India to enhance availability of finance for development.
In her interaction via virtual mode with World Bank Group President David Malpass, the Union Finance Minister discussed various issues, including the WBG’s lending envelop for India; the country’s ongoing Covid-19 vaccination drive, economic recovery and India’s strategy of green resilient and inclusive development.
Proxy adviser Glass Lewis urged Credit Suisse shareholders to oppose board member Andreas Gottschling's re-election, on grounds that as risk committee chairman he should be held accountable for problems tied to Greensill and Archegos.
The following bond loan issued by DBT CAPITAL INV AB will have a new last
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According to Experian, the quality of auto credit is riding high.
That s setting up the US auto market for a robust recovery from the COVID-19 pandemic.
But experts are still concerned about affordability as the average new-car price climbs.
The US auto market is defying expectations. Last year looked as though it could have been an unmitigated disaster, with all of the country s vehicle manufacturing idled for two months in the late winter and early spring and consumers trapped at home and economically pummeled by pandemic shutdowns.
But the year finished on a relatively high note after production restarted and dealers began doing business again. The 2020 sales totals were down substantially from the previous few years record- or near-record levels more than 17 million new cars and light trucks but the roughly 14.5 million vehicles that did sell saved the year.
By Reuters Staff
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FILE PHOTO: Switzerland s national flag flies below a logo of Swiss bank Credit Suisse at its headquarters at the Paradeplatz square in Zurich, July 31, 2019. REUTERS/Arnd Wiegmann/File Photo
(Reuters) - Credit Suisse Group AG is still unloading its positions in media company Discovery Inc after losses relating to Archegos Capital Management, CNBC reported on Tuesday, citing traders.
Archegos, a New York investment fund run by ex-Tiger Asia manager Bill Hwang, collapsed last month when its debt-laden bets on media companies including ViacomCBS unraveled.
Credit Suisse and other global banks, which acted as brokers for Archegos, have scrambled to sell the shares they held as collateral and unwind the trades.