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Wealth managers rein in leverage as clients battle markets downturn-sources

by AIP Online Bureau | Mar 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  HONG KONG/ZURICH: Global wealth managers are cutting some credit they extend to rich clients as a worldwide markets rout triggers margin calls, even as others see opportunities to help entrepreneurs plug liquidity gaps, people with knowledge of the matter said....

Non-life insurance premium set to exceed Rs2 lakh crore in 2019-20

by AIP Online Bureau | Mar 23, 2020 | Eco/Invest/Demography, Indian News, Non-Life

Mumbai: With higher premium from fire and health insurance portfolio, the domestic general insurance industry is set to exceeed a total premium of Rs 2 lakh crore in 2019-20, despite onging slow down seen in the premium growth of motor and crop business, two top...

68-yr-old man who recovered from coronavirus dies in Mumbai

by AIP Online Bureau | Mar 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

MUMBAI: A 68-year-old man from Philippines, who tested positive for coronavirus infection and later recovered, has died at a hospital in Mumbai, the city civic body said on Monday. This is the third death reported from Mumbai in connection with the coronavirus.  ...

Trump says U.S. to make a decision on coronavirus at end of 15-day plan

by AIP Online Bureau | Mar 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Washington: President Donald Trump said on Sunday the United States will make a decision at the end of a 15-day period on “which way we want to go”, to curb the spread of the coronavirus.   “We cannot let the cure be worse than the problem...

Lockdowns not enough to defeat coronavirus – WHO’s Ryan

by AIP Online Bureau | Mar 22, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

LONDON: Countries can’t simply lock down their societies to defeat coronavirus, the World Health Organization’s top emergency expert said on Sunday, adding that public health measures are needed to avoid a resurgence of the virus later on.“What we...

U.S. axed CDC expert job in China months before virus outbreak

by AIP Online Bureau | Mar 22, 2020 | Facts

WASHINGTON: Several months before the coronavirus pandemic began, the Trump administration eliminated a key American public health position in Beijing intended to help detect disease outbreaks in China, Reuters has learned.   The American disease expert, a...

Caronavirus Pandemic:Indian shares crash,Global stocks crumble

by AIP Online Bureau | Mar 22, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Sydney& Mumbai: Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country’s capital into a lockdown amid increasing fears that outbreak could bring world economies to a grinding...

India lockdown may be ‘too slow’ to stop millions of infections

by AIP Online Bureau | Mar 22, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: India’s move to lockdown much of the world’s second-most populous country may not be enough to soften the impact of the coronavirus outbreak as thousands thronged key train stations before services closed to head to their villages,...

RBI quickly sets up Business Contingency Plan amid coronavirus outbreak

by AIP Online Bureau | Mar 22, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Regulation

  Mumbai: The Reserve Bank is virtually being run from a war-room at a city facility manned by just around 90 critical staff as the nation's monetary authority works to insulate the financial system from disruptions due to the coronavirus pandemic.   The...

MP, Raj yet to release Rs 4,213 cr share of premium for farmers under crop insurance

by AIP Online Bureau | Mar 22, 2020 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The Centre in Rajya Sabha on Friday urged the states to release their share of premium under crop insurance to benefit farmers, citing the examples of Madhya Pradesh and Rajasthan that have not released Rs 2,731 crore and Rs 1,482 crore respectively....
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