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The International Monetary Fund (IMF) warned the recovery of world economy may be fading as the resurgence of the Covid-19 forces fresh restrictions to be imposed on households and companies.
Read moreIMF says world economic recovery may be fading, risks still very high
Among the many questions raised in the tussle between the Tata group and Shapoorji Pallonji (SP) group is how Tata Sons Private Ltd is worth. The SP Group’s version is that it is sum of the value of the holding company’s stake in various listed companies, and then some more to account for some unlisted companies and the Tata brand value.
Read moreIf Tata Sons Private Limited is worth $132 billion, then some Tata firms don’t reflect it
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The Canadian dollar is set to gain more than 2% against its United States counterpart in a year as an expected recovery in the global economy from the Covid-19 crisis improves the outlook for commodity prices, a poll showed.
Read moreCanada’s dollar seen higher if commodity prices rebound
Risky currencies gained today, with the yuan strengthening to a sixteen month high after Chinese data pointed to an economic recovery and the Australian and New Zealand dollars climbing, while the U.S. dollar fell.
Read moreYuan extends gains to sixteen month high as Chinese data boosts risk appetite
A key tax deadline is just around the corner, and small-business owners who are in distress are still uncertain of what they’ll owe the IRS. For taxpayers who pay quarterly estimated taxes, September 15 marks the due date for this year’s third-quarter payment.
Read moreA tax deadline is just around the corner. Some small businesses may opt to pay more
Indian lenders had brought down dodgy loans from 11.6% in FY18 to just 8.5% of their book in FY20. It seems that was just a number on the sand, and all it took was a wave of the pandemic to wipe off this minor victory.
Read moreRBI’s stress test shows banks are on thin ice as virus may affect capital