Seven companies including Vice Media in the US filed for bankruptcy in less than 48 hours over the weekend. Watch this Visual Story to understand if US is facing credit crunch.
The US Federal Reserve raised its benchmark overnight interest rate by a quarter of a percentage point to the 5%-5.25% range, but in doing so dropped from its policy statement language saying that it "anticipates" further rate increases would be needed.
The bulk of funding of India’s infrastructure, which the Modi government seeks to boost, has to come from foreign savings. India does not have capital on the scale it needs to boost its infrastructure.