Mumbai: The Reserve Bank of India (RBI) will not go after the US Federal Reserve Board, and may not slash interest rates in a little while.
Market analysts said that the central bank that has been following a compressed money strategy will possibly not play with key policy rates in the coming time.
Singapore: Standard Chartered has brought out a share financing plan in Singapore, which will permit individuals to have a loan of up to 10 times their monthly salary
London: British finance minister Alistair Darling stated that British policymakers will take every step possible to calm down financial markets and the banking system.
The UK banking institution, Standard Chartered has decided to purchase the banking division of American Express Bank for about $1.1 billion in order to expand branch licenses in India and Taiwan an