Latest Updates Around The World
Global equities are expected to end the week on a positive note as investors reacted to the latest policy move from the US Federal Reserve, which came slightly later than expected but had a tone interpreted by many on the Street as friendlier than feared. The latest rate cut was seen as less aggressive than […]
Wall Street’s tech-focused Nasdaq fell to a one-week low on Thursday as new concerns about Oracle’s hefty AI spending plans overshadowed optimism about a less hawkish tone from the Federal Reserve.Oracle fell 14% after quarterly forecasts fell short of analyst estimates and the company raised its annual spending forecasts, rekindling concerns that the pace of […]
US Federal Reserve Chairman Jerome Powell The US central bank’s interest rate policy is well positioned to wait and respond to the way the economy is developing. This could be seen as an indication of a pause in rate cuts at the upcoming FOMC meeting.“We are well positioned to determine the extent and timing of […]
The Dow Jones rose more than 500 points on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and indicated it is likely to halt further cuts in borrowing costs in line with expectations. The cut was the result of a divided vote, with the central bank saying it […]
Topline The Federal Reserve opted to cut interest rates on Wednesday, its third straight vote in favor of a cut, as Wall Street expected the central bank to take a cautious approach to monetary policy next year. Betting markets and brokers are predicting a third Fed rate cut this year. Getty Images Key facts The […]
Wall Street’s major stock indexes were mixed Tuesday as investors awaited the Federal Reserve’s policy decision and assessed conflicting signals about the future of U.S. AI chip exports to China.US President Donald Trump said he would allow Nvidia to ship H200 processors, the second most powerful AI chips, to China but would collect a 25% […]
The much-anticipated December meeting of the US Federal Reserve is finally upon us, but it’s not the only major event on investors’ radar. A cluster of major central banks – including those in Canada, Switzerland, Australia and Turkey – will also decide policy, while new economic data from China will give investors another chance to […]
The Reserve Bank of India (RBI), after implementing a 25 basis point policy rate cut in December, is expected to keep open the option for further monetary easing if global headwinds severely dampen India’s growth prospects, a CareEdge Ratings report shows. The report notes that the government has already provided fiscal stimulus through rationalization of […]
Bank of Baroda (BoB) says the Baroda Repo Based Lending Rate (BRLLR) will drop to 7.90% from the existing 8.15%. | Photo credit: ANUSHREE FADNAVIS Hours after the RBI cut the key policy rate, state-owned lenders Bank of Baroda (BoB) and Bank of India on Friday announced a 25 basis point rate cut on loans […]
Sanjay Malhotra, Governor of the Reserve Bank of India (RBI) | Photo credit: HEMANSHI KAMANI Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the policy rate at 10 am today, while the three-day Monetary Policy Committee (MPC) meeting will conclude on Friday. Financial markets remain divided on expectations from the MPC, with economists […]
