India's Big State Banks Plunge on Modi's Mega-Merger Plans

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India's Big State Banks Plunge on Modi's Mega-Merger Plans

Investors knocked down shares of of India's large state-run banks after the government unveiled its plan to merge several of the lenders, amid
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Turkish Price Slowdown Resumes to Set Stage for More Rate Cuts

The pieces are falling into place for Turkey’s central bank to follow its record interest-rate cut with more monetary easing as inflation heads for lows not seen since last year’s currency crash. A more stable lira and the effect of a high base of comparison could …
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A Natural Gas Glut Grows in Europe and Prices Hit 10-Year Low

Natural gas prices in Europe are poised to fall further below their lowest in a decade as suppliers show few signs of scaling back abundant deliveries.
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China's Yuan Drops to Fresh 11-Year Low

China’s yuan weakened further on Tuesday, at one point nearing 7.2 to the dollar, less than a month after Beijing let the currency pass a threshold it had previously defended. The yuan crossed 7 per dollar on Aug. 5, days after President Trump announced …
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What Are the Accounting Dynamics Behind the RBI's Big Payout to the Centre?

Ask any Class 12 student or newly-minted accountant about the utmost joy or contentment while doing accounts and the immediate response would
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