Department of Economic Affairs (DEA) fears significant default from large non-banking finance companies (NBFC) and housing finance companies in the next six weeks if no additional liquidity support is provided to these firms, MoneyControl said on Friday. The DEA, in a letter to the Ministry of Corporate Affairs, described the financial situation as “still fragile” when discussing the financial stability ... Read More »
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Will the jobs report shock?Thursday, 7 Jul 2016 | 5:00 PM ET|04:34 The best of times may be over for now for job seekers, even though June’s critical employment report should show a substantial spring back in hiring, and the labor market remains fairly strong. Friday’s employment report is expected to show a rebound to 175,000 nonfarm payrolls, from May’s ... Read More »