Oil Prices And Financial Markets Brace For Recession
The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak in the business cycle.
U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that...
Taiwan Central b=Bank Likely to Announce Another mild Rate Hike: Reuters Poll
Taiwan's central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but as exports and inflation slow it may hold that rate steady next year to support the economy....
Global Food Security on The Edge as Russia Exits Grain Deal
How much of a price jump is harder to predict since the safe-passage deal was already set to expire in mid-November if no agreement is reached to extend it Traders are bracing for a fresh spike in grain prices after Russia’s exit from a...
GOVT HIKES DA BY 4% UNDER 7TH PAY COMMISSION; DETAILS HERE
The Union Cabinet has hiked Dearness Allowance (DA) of central government employees and pensioners by 4 percent under the 7th Pay Commission,
The hike takes DA to 38 percent from current 34 percent of basic pay/pension. The Finance Ministry said that the central government employees...
UBS has No Desire to Buy Credit Suisse, Chairman Tells Newspaper
UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank's Chairman Colm Kelleher said in a interview published on Saturday. The former Morgan Stanley (NYSE:MS) president said he was focused on organic growth rather than acquisitions and expanding its business in...
Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears
Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start...
Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories
Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from...
Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses
Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their descent as heavyweight Adani remained under pressure from a short seller report. Overnight data showed that the world’s largest...
jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone
Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of...
Oil Rises After Steep Losses, But Recession Fears Limit Gains
Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs of another major build in U.S. inventories kept gains limited. Crude prices have fallen into a holding pattern over the past...