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Economic downturn News

30 Sep 2022

'No more hiring, more layoff soon in Meta': Mark Zuckerberg says to employees

Company freezes hiring, more layoffs soon: Mark Zuckerberg. Meta is currently reducing staff to cut costs amid the economic downturn. The Mark Zuckerberg-run company had 83,553 employees at the end of the second quarter this year.

10 Nov 2017

Global Economy - Communication breakdown?

Since the Fed began raising rates in 2015, the difference between long- and short-term US yields has shrunk to levels not seen since before the 2008 financial crisis, reaching 67 basis points -- its flattest in a decade -- in the past week.

27 Jul 2017

ICICI Bank Q1 profit falls 8%, provisions rise

Net non-performing loans as a percentage of total loans fell to 4.86 percent at end-June from 4.89 percent at March-end, but rose compared with 3.01 percent a year earlier.

29 Aug 2015

China removes 75% cap on loan-to-deposit ratio

Facing economic downturn, China today removed 75 percent loan-to-deposit ratio stipulation for its commercial banks to improve liquidity and imposed USD 2.5 trillion as ceiling for local governments to control the spiralling debt.

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