Day: March 18, 2020

U.S. Stock Futures Slide After Rally; Yen Gains: Markets Wrap

(Bloomberg) — U.S. and European stock futures dropped and the yen advanced, retracing some of the previous day’s moves as traders continue to test where fundamental valuations lie amid rapidly changing news flow.

An early rally in Hong Kong stocks fizzled, leaving equities mixed across the Asia Pacific. The Sydney market lost more than 6%, while shares in Tokyo advanced about 3%. S&P 500 futures fell after the index gained 6% on Tuesday. Australian and Japanese bond yields were higher, while the sell-off in Treasuries appeared to ease. As the Trump administration moves toward a big fiscal package and the

S&P lowers India’s growth forecast to 5.2 per cent in 2020

The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. (Reuters photo)

S&P Global Ratings on Wednesday lowered India’s economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will more than halve to less than 3 per cent as the “global economy enters a recession”, S&P said in a statement. “An enormous first-quarter shock in China, shutdowns across the US and

ICICI Bank launches ‘ICICIStack’ – The Financial Express

Nearly 500 services including digital account opening, loan solutions, payment solutions, investments, insurance and care solutions are available on ICICIStack.

ICICI Bank on Tuesday announced the launch of ‘ICICIStack’, a comprehensive set of digital banking services and APIs (Application Programme Interface) for its customers across various segments. The lender said that it would be helpful at a time when people are advised to stay indoors on account of the novel Coronavirus pandemic.

Nearly 500 services including digital account opening, loan solutions, payment solutions, investments, insurance and care solutions are available on ICICIStack. As part of the initiative, the lender said