Gold Silver Reports → The standalone credit profiles of many Indian public sector banks should come under pressure unless there is meaningful action to restore capital adequacy, says Fitch Ratings.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Bullion Gets More Attention From Long Term Bears
Gold Silver Reports → Gold’s rally is being driven as investors start to lose faith in central bankers’ ability to deal with economic challenges, according to Evolution Mining Ltd.’s Jake Klein, who said the metal’s advance has been strong enough to draw attention from long-time bears.
Federal Reserve Policy Makers Debating Report
Gold Silver Reports → Federal Reserve policy-makers debating their outlook for interest-rates last month expressed concern that the fall in commodity prices and the rout in financial markets increasingly posed risks to the U.S. economy.
Fed Minutes Offer Some Support
Gold Silver Reports → Federal Reserve officials are already signaling why they might lower forecasts for growth, inflation and the path of future interest~rates when they meet next month.
Budget 2016 Discipline
Gold Silver Reports → Modi looking to continually narrow the budget deficit, another way to identify priority areas would be to analyze which ministries have been able to implement existing allocations.
India Rupee, Bonds Drop on Concern Global Funds to Cut Holdings
Gold Silver Reports → Reserve Bank of India Governor Raghuram Rajan is rebuilding the country’s foreign reserves as he sees an unavoidable slide in the rupee until the war on inflation is won.
China’s Bad Loan Ratio Climbed to 1.67 Percent
Gold Silver Reports → Soured loans at Chinese commercial banks rose to the highest level since June 2006 as the nation’s economic expansion slowed to the weakest pace in a quarter century.