[ad_1] Last Updated: June 28, 2023, 00:36 IST New York, United States of America (USA) European Central Bank President Christine Lagarde on Tuesday said that stubbornly high inflation will require the bank to avoid declaring an end to rate hikes. (IReuters) Brent crude futures were down $1.22, or 1.6%, at $72.96 a barrel by 12:46 … Read more
[ad_1] Last Updated: June 16, 2023, 02:30 IST London, United Kingdom (UK) U.S. Treasury yields were lower as investors digested the economic data and the Fed’s update. Equities trading had been choppy on Wednesday after the Fed signaled it could follow its June pause with two more rate increases this year MSCI’s global index of … Read more
[ad_1] FRANKFURT: The European Central Bank pressed ahead with another interest rate hike on Thursday and pledged more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the US Federal Reserve took a break from its own string of increases.The quarter-point rate boost, to 3.5 per … Read more
[ad_1] Last Updated: May 26, 2023, 23:44 IST New York, United States of America (USA) Benchmarks had settled more than $2 per barrel lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts. (Image: Reuters File) Brent crude was up 39 cents, or 0.5%, at $76.66 … Read more
[ad_1] Goldman Sachs “misclassified corporate exposures”. (Representational) Germany: The European Central Bank (ECB) has fined US financial giant Goldman Sachs 6.63 million euros ($7.2 million) for misreporting its capital needs, it said on Monday. Goldman Sachs Bank Europe was found to have “breached credit risk reporting rules” in 2019, 2020 and 2021, the ECB said … Read more
[ad_1] Last Updated: May 05, 2023, 06:12 IST Oil prices were also hurt by a strengthening dollar after the European Central Bank raised rates on Thursday. (Image: Reuters File) For the week, Brent was set to close down 8.7%, while WTI was set to close 10.5% lower Oil prices held steady in early trading on … Read more
[ad_1] Last Updated: May 04, 2023, 00:50 IST A day earlier, both benchmarks fell 5%, their biggest daily percentage declines since early January. (Image: Reuters File) U.S. West Texas Intermediate crude (WTI) fell $3.06, or 4.3%, to $68.60. WTI’s session low was $67.95 a barrel, lowest since March 24 Oil prices fell 4% on Wednesday, … Read more
[ad_1] The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to raise interest rates at next week’s monetary policy meeting. The yen, meanwhile, fell across the board, after the Bank of Japan said it would maintain ultra-low interest … Read more
[ad_1] MUMBAI:Under pressure to bring down retail inflation and keep pace with global peers, the Reserve Bank may go in for 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022, at the bi-monthly policy to be unveiled on Thursday.The Monetary Policy Committee … Read more