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  IMF raises serious doubts on cash-strapped Pakistan's capacity to pay back loan amid debt crisis

  World | May 11, 2024 17:58 IST

  The IMF observed that Pakistan's debt repayment faces significant risks and remains critically dependent on policy implementation and external financing. Pakistan also faces numerous challenges, like delayed adoption of reforms, high public debt and gross financing needs among others.

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  Maldives remains at 'high risk' of external, overall debt distress: IMF

  World | February 08, 2024 16:22 IST

  The IMF also said that without changing policies, Maldives remains at highly vulnerable to climate change risks with high levels of fiscal deficits and public debts. Muizzu's mentor and former President Abdullah Yameen also borrowed heavily from China that drove the country in a debt crisis.

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  Centre seeks NCLT nod to overtake management of crisis-hit IL&FS, hearing underway

  Business | October 01, 2018 12:43 IST

  Debt defaults by certain group entities of diversified IL&FS have triggered fears of liquidity crisis in the financial markets and the RBI has been taking steps to improve the overall cash situation.

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  Greece launches its own space agency

  Technology | March 20, 2018 6:38 IST

  Greece launched its first space agency on Monday as an effort to rebuild the ailing economy as it exits a severe eight-year debt crisis.

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  Gold price may slide down to Rs.23,500 per 10 grams

  July 21, 2015 18:19 IST

  Chennai:  Prices of gold may slide down further to around Rs.23,500-Rs.24,000-23,500 per 10 grams considering the current rupee-dollar conversion, said analysts.In the Indian market, gold could fall in the range of Rs.23,500-Rs.24,000 considering the current rupee-dollar

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  Greece Debt Crisis: Voters Head to Polls on Referendum

  World | July 05, 2015 22:21 IST

  Athens, Greece:  Greeks lined up at polling stations and ATMs alike Sunday as the country voted on its financial future, choosing in a referendum whether to accept creditors' demands for more austerity in return for

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  Greece to miss IMF debt payment and bailout to expire

  World | June 30, 2015 20:28 IST

  Athens, Greece: Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced

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  Asian stock markets sink after Greece closes banks

  June 29, 2015 11:56 IST

  Beijing: Asian stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts.Oil prices declined and the euro edged down against the dollar

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  Greece debt crisis: Banks closed, ATM cash withdrawals limited

  June 29, 2015 17:09 IST

  Athens (Greece): Greece's five-year financial crisis took its most dramatic turn yet, with the cabinet deciding after an 8-hour session that Greek banks would remain shut for six business days and restrictions would be imposed

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  US shutdown deepens fears of looming debt crisis

  World | October 04, 2013 7:38 IST

  Washington : Democrats and Republicans remained no closer to resolving a budget feud that has shut down much of the government as Washington and international officials raised the alarm Thursday over an even more critical

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  Sensex Sheds 224 Points; ICICI Bank Worst Hit

  November 01, 2011 17:38 IST

  Mumbai, Nov 1: Falling for the second day in a row, the BSE benchmark Sensex today tumbled by 224 points to close at 17,480.83 on across-the-board selling as investors remained downcast amid weak global cues.Interest

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  Sensex Logs Biggest Gain In 2 Months, Nifty Up 3 PC

  October 28, 2011 18:01 IST

  Mumbai, Oct 28: Logging in the biggest gain in two months, the BSE Sensex shot up 516 points today to close at 3-month high of 17,804.80 on the back of strong global markets after EU

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  EU Debt Crisis, US Slowdown Impacting India : Pranab

  October 22, 2011 16:35 IST

  New Delhi, Oct 22: Debt crisis in Europe and slowdown in the US are having an adverse impact on India, but the fundamentals of the country's economy remain intact, Finance Minister Pranab Mukherjee said today.Addressing