The science on the omicron variant risks is still early, but markets don't like uncertainty and it could take weeks to determine how transmissible the virus is and how well it evades immune protection including vaccines. The stock market was near a record when the omicron news broke and the […]

Before making any joint financial decisions, newly married couples should sit down and work out what their shared priorities in life are. Financial advisors take different approaches to helping newlyweds but all share the goal of encouraging financial compatibility and responsibility. "I often see couples come in with conflicting pre-conceived […]

New York (CNN Busines)Stocks rebounded Monday, bouncing back from the steep selloff at the end of last week, when investors feared the Omicron Covid variant could disrupt the global economic rebound. Reports of the new Omicron variant of the coronavirus brought back memories of last summer when the fast-spreading Delta […]

Walmart's longtime Chief Financial Officer Brett Biggs is leaving the company, the retailer announced Monday. Biggs has worked for the company for 22 years and has served as a prominent leader for Walmart, which is the country's largest private employer. In this article WMT Walmart's longtime Chief Financial Officer Brett […]

Banks are set to sell dud-loans worth Rs 90,000 crore of 22 firms in the first tranche to the National Asset Reconstruction Company (NARCL). It’s reason for cheer given that such sales to asset reconstruction companies (ARCs) have been poor in recent times. In fiscal 2020, their assets under management […]

Japan announced Monday it will suspend entry of all foreign visitors from around the world as a new coronavirus variant spreads. The decision means Japan will restore border controls that it eased earlier this month for short-term business visitors, foreign students and workers. Prime Minister Fumio Kishida said the measure […]

India’s macroeconomic situation is certainly better than what it was a year ago, eminent economist Pinaki Chakraborty said on Monday, while expressing hope that the country will be back on the path of economic growth if there is no major third wave of the COVID-19 pandemic. In an interview with […]

Banks’ core operating profit was down 25 per cent YoY in Q2. Banks continue to face heat from a slowdown in credit growth and a decline in yields on loans due to low interest rates. The listed banks’ gross interest income shrank for a second consecutive quarter in Q2FY22 while […]

For India 5G will mean a lot for healthcare, robotics and unleashing a new chapter in Digital India perhaps. A delay in 5G auctions would, in fact, imply keeping many telecom-linked reforms on hold. Nivedita Mookerji reports. Discussing the prospect of more reform earlier this month, telecom minister Ashwini Vaishnaw […]

"The spread of highly transmissible variants may ultimately make the strategy untenable. But in the short-term, the authorities are more likely to double down," said Mark Williams, chief Asia economist at Capital Economics, To be sure, the WHO has said it remains unclear whether the omicron Covid variant causes more […]