Danas

Private credit risks may trigger wider crunch; Fed’s Michael Barr warns of ‘psychological contagion’

US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing an interview with Bloomberg News.Barr said direct links between banks and private credit firms do not currently appear “super worrisome”, but other areas such as…

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India dismisses Nepal’s Kailash yatra objection over Lipulekh Pass | India News

NEW DELHI: The India-Nepal border dispute could see another flare-up with the new government in Kathmandu officially objecting to India’s decision to resume Kailash Mansarovar Yatra, with support from China, through the Uttarakhand state crossing at Lipulekh Pass that is claimed by Nepal.Indian government later dismissed Nepal’s territorial claims, saying India has consistently maintained that…

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