Tag: Bank of India

• Friday, May 20th 2016 - 10:40 UTC

  India planning to swap medicines for Venezuelan crude oil to recoup losses of drugs sector

  

  Indian drug companies could recoup some of the financial losses incurred as Venezuela struggles to make foreign-currency payments and the value of its currency plummets--by participating in a barter plan that would swap medicines for crude oil.

• Saturday, February 1st 2014 - 04:04 UTC

  IMF calls on central banks to coordinate liquidity conditions; fears funding crunch

  

  The International Monetary Fund urged central banks to ensure that a financial market rout in the developing world does not lead to an international funding crunch. An IMF spokesman said some emerging market countries need to take “urgent action” to improve their economies, which are under threat by a recent sell-off in markets from India and Turkey to Brazil.