Eco/Invest/Demography

Insurers rush to exclude Coronavirus epidemic from event-cancellation protection

International News       Feb 14, 2020

  Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their policies.   The Shanghai Grand Prix and the Mobile World Congress...

Munich Re targets growing global energy weather hedges

International News       Feb 14, 2020

  ESSEN, Germany: Munich Re is seeing growing demand for weather exposure protection from energy companies and their customers as they roll out more renewable energy installations, which are prone to fluctuations.   Munich Re estimates the annual market at $3-4 billion in the U.S., significantly lower...

SEBI constitutes municipal bonds development committee

Indian News       Feb 14, 2020

  Mumbai: Markets regulator Sebi on Friday said it has constituted a committee which will suggest on policy matters pertaining to development of municipal debt securities and facilitate municipalities for issuance of such bonds. The regulator has constituted a municipal bonds development committee headed by its...

Coronavirus epidemic could infect two-thirds of World’s population: WHO Scientist

International News       Feb 14, 2020

  As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far worse: Two-thirds of the world’s population could catch it.   So says Ira Longini, an adviser to the World Health Organization who tracked studies of the...

Indian pharma cos may face supply shortages from China if coronavirus drags on

Indian News       Feb 14, 2020

  Shortages and potential price increases of generic drugs from India loom if the coronavirus outbreak disrupts suppliers of pharmaceutical ingredients in China past April, according to industry experts.   An important supplier of generic drugs to the world, Indian companies procure almost 70% of the active...

Negative interest rates turn saving, borrowing upside down

Articles       Feb 14, 2020

  FRANKFURT: Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest.   Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many...

FPIs turn net buyers; put in $6.3 billion in December quarter

Indian News       Feb 13, 2020

  NEW DELHI : Foreign investors turned net buyers in the Indian markets in the December quarter, pumping in a staggering $6.3 billion on the back of the government's intent to bring reforms for supporting the economic growth.   This comes following a net outflow of $3.22...

SEBI issues guidelines for portfolio managers

Indian News       Feb 13, 2020

Mumbai: Markets watchdog Securities and Exchange Board of India (SEBI) on February 13 issued guidelines for portfolio managers and said they cannot charge upfront fee from clients. SEBI (Portfolio Managers) Regulations, 2020, were notified on January 16.   In addition, certain changes to the regulatory framework...

Debasish Panda appointed financial services secretary

Indian News       Feb 13, 2020

  New Delhi: Senior IAS officer Debasish Panda was on Thursday appointed as the new secretary, financial services,ministry of finance(MoF) as part of a top level bureaucratic reshuffle effected by the Centre.   Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special...

Coronavirus outbreak in China disrupting global tech sector: S&P

International News       Feb 13, 2020

  New Delhi: The coronavirus outbreak in China is disrupting the global technology sector as operations in the world's largest tech manufacturing hub are threatened, S&P Global Ratings said on Thursday. Until Tuesday, the virus outbreak has claimed 1,115 lives while the confirmed cases of infection...