Asian stocks join global rally and dollar drops on Fed rate joy

Asian stocks join global rally and dollar drops on Fed rate joy

Representational 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 […]

Continue Reading
Finance Minister to review state of economy at FSDC meeting on September 15

Finance Minister to review state of economy at FSDC meeting on September 15

FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister Finance Minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC), […]

Continue Reading
Sensex rebounds 1,564 points, Nifty up jumps 446 on strong gains in banking, IT stocks

Sensex rebounds 1,564 points, Nifty up jumps 446 on strong gains in banking, IT stocks

Benchmark BSE Sensex and Nifty soared over 2.5% to log their best single-day gain in more than three months on Tuesday driven by value buying in banking, IT and oil stocks amid mixed global cues. The 30-share Sensex jumped 1,564.45 points or 2.70% to settle at more than one-week high of 59,537.07. During the day, […]

Continue Reading
The U.S. Fed’s long shadow on central banks around the world

The U.S. Fed’s long shadow on central banks around the world

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 […]

Continue Reading