Manas ChakravartyMarkets across the world have suddenly been spooked by fears of a growth slowdown. Here’s what the Reserve Bank of India said in its monetary policy statement a few days ago: "…global economic activity has shown increasing signs of weakness on rising trade tensions. Among advanced economies, economic activity appears to be slowing in the US in Q42018, after a buoyant Q3. The Euro area growth lost pace in Q3, impacted by weaker trade growth and new vehicle emission standards. The Japanese economy contracted in Q3 on subdued external and domestic demand."The RBI said growth was also slowing in some emerging markets, most importantly China. For India too, there have been warnings of lower growth after the September quarter gross domestic product growth came in lower than anticipated. Fitch Ratings has been the latest to jump aboard the bandwagon, reducing its estimate of India's GDP growth this fiscal from 7.8 percent earlier to 7.2 percent.Close … [Read more...] about Quick Take | Does the market really have a reason to worry about lower global growth?
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Chelsea manager Frank Lampard admitted the club will be on the lookout for new faces in the January window after a FIFA-imposed transfer ban was reduced on appeal by the Court of Arbitration for Sport (CAS) on Friday. The ban, imposed following violations in the recruitment of minors, was reduced from two transfer windows to one, which Chelsea already served in the summer.A fine was also reduced from 600,000 Swiss francs ($607,000; ?462,000) to half that amount by the Lausanne-based court.Close Lampard insisted he had not yet had any conversations with Chelsea's board about transfer plans, but will start them now in earnest. related news EPL: Tottenham Hotspur must fix leaky defence and stop cheap goals says Mourinho EPL: Watford name Pearson as head coach until end of season EPL: Manchester City flex financial muscle to leave neighbours United lagging behind "It's a positive outcome for us. It allows us the potential to look at the market going forward," Lampard said at a … [Read more...] about EPL: Chelsea set to look for new signings in January after transfer ban cut
Watford have appointed Nigel Pearson as their new head coach until the end of the season to replace the sacked Quique Sanchez Flores, the struggling Premier League club said on December 6.Former Leicester City manager Pearson is the Hornets' third manager this season after Flores was dismissed on December 1 and his predecessor Javi Gracia was fired in September.Watford are bottom of the 20-team standings, seven points adrift of the safety zone with eight points after 15 matches.Close "The Hornets are pleased to confirm the appointment of Nigel Pearson as Head Coach on a contract that runs initially until the end of this season," said Watford's statement. related news EPL: Tottenham Hotspur must fix leaky defence and stop cheap goals says Mourinho EPL: Manchester City flex financial muscle to leave neighbours United lagging behind Pearson, 56, will start the job after the weekend, with under 23s coach Hayden Mullins remaining in interim charge of the team for Saturday's … [Read more...] about EPL: Watford name Pearson as head coach until end of season