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Economy

Record stimulus slows credit downgrades of Indian firms

MUMBAI: India’s unprecedented stimulus measures to fight the coronavirus crisis are starting to show signs of slowing the sharp worsening in corporate credit quality.

Business

Lowest mortgage rates spur jump in bond supply

NEW YORK: A deluge of supply has inundated the agency mortgage-bond market this year, as a plunge in lending rates triggered a wave of homeowner refinancings. But there are signs that relief may be forthcoming.

World

Cypriot Estia plan not meets expectations for reduction of non-performing loans: report

NICOSIA, Aug. 6 (Xinhua) -- Estia plan, a special government scheme drawn up by Cyprus' Ministry of Finance and approved by the European Commission's Directorate-General for Competition, did not meet the expectations that it would help considerably reduce non-performing loans, the most serious legacy of the 2013 economic crisis that forced the eastern Mediterranean island into a bailout, Cyprus News Agency reported on Thursday.