Traders work on the floor of the New York Stock Exchange in New York, on Wednesday, March 22, 2023. News on the Federal Reserve interest rate hike appears on a monitor in the background. | Photo Credit: AP The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated […]
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Federal Reserve Board Chairman Jerome Powell looks on during a news conference at the Federal Reserve Building in Washington, U.S. | Photo Credit: Reuters Federal Reserve policymakers expect to raise U.S. interest rates further, and keep them high for longer, than they had earlier anticipated, signaling Wednesday that squashing high inflation will likely take a […]
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A customer hands Indian currency notes to an attendant at a fuel station in Mumbai. | Photo Credit: Reuters The rupee depreciated 20 paise to 82.71 against the U.S. dollar in early trade on Tuesday due to unabated foreign fund outflows from domestic capital markets. However, a positive trend in equity markets and a weak […]
Continue ReadingRepresentational image only. | Photo Credit: Reuters Asian stocks extended a global rally on December 1 and the dollar fell after Federal Reserve boss Jerome Powell flagged a slowdown in the pace of interest rate hikes and China opened the way for a softer approach to fighting COVID-19. A growing sense of hope that months […]
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Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. “We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something not […]
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Over the weekend the American central bank indicated quicker tightening than expected — this makes emerging market economies, especially low-income ones, vulnerable Over the weekend the American central bank indicated quicker tightening than expected — this makes emerging market economies, especially low-income ones, vulnerable High inflation has become a headache for the U.S. economy. Its […]
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Spectrum bids touch ₹1.49 lakh crore on Day 2 of auction Helped by good demand for spectrum across all available bands, the government received bids worth ₹1.49 lakh crore at the end of second day of the auction, with bidding to continue on Thursday too. ICMR invites bids to develop vaccine for monkeypox virus For […]
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The move announced by the U.S. Federal Reserve will raise its benchmark short-term rate to a range of 1.5% to 1.75% The move announced by the U.S. Federal Reserve will raise its benchmark short-term rate to a range of 1.5% to 1.75% The Federal Reserve on Wednesday intensified its drive to tame high inflation by […]
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Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has lost around 28% since Friday and more […]
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The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point The Federal Reserve intensified its […]
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