Washington, July 14 . The outlook for the global economy has “darkened significantly” in recent months,…
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Euro reaches parity with dollar for the first time in 20 years
Brussels, July 12 . The euro and the dollar have reached parity for the first time…
Continue ReadingECB to incorporate climate change into monetary policy ops
Frankfurt, July 5 . The European Central Bank (ECB) on Monday announced measures to incorporate climate…
Continue ReadingRBA increased interest rate by 0.50 basis point
At its meeting today, the Board decided to increase the cash rate target by 50 basis points…
Continue ReadingUS economy shrank 1.6% in Q1: Commerce Dept
Washington, June 30 . The US economy shrank at an annual rate of 1.6 per cent…
Continue ReadingThe World Bank says most countries are headed for a recession, and warns of a possible return to 1970s ‘stagflation’
investors, bankers, and entrepreneurshave been discussing the chances of a coming recession for months. Now the…
Continue ReadingTech-led growth, ease of doing business top PM Modi’s list
New Delhi, June 22 (IANS) Prime Minister Narendra Modi on Wednesday emphasised on technology-led growth, ease of…
Continue ReadingAustralia central bank rebuts recession, inflation fears
Sydney, June 21 . Reserve Bank of Australia (RBA) Governor Philip Lowe on Tuesday pushed back…
Continue ReadingEnd of the crypto craze? Indian investors wary as mega sell-off continues
New Delhi, June 18 . As foreign portfolio investors continue to pull out money from the…
Continue ReadingGlobal markets plunge again as interest rate hikes fuel recession fears
London, June 17 . The global rout in stock markets, cryptocurrencies and other risky assets has…
Continue ReadingUS Fed makes biggest rate hike since 1994
Washington, June 16 . The US Federal Reserve raised the interest rate by 0.75 percentage points,…
Continue ReadingUK’s job vacancy crisis could last 3-5 years: Expert
London, June 15 . As the UK’s economy grapples with the impact of a record number…
Continue ReadingLargest house price correction since 1980 to hit, warns Jarden
Australian house prices could suffer a peak to trough decline of up to 20 per cent…
Continue ReadingS&P 500 enters bear market for the first time since 2020
New York, June 14 . The US stock-market selloff deepened, with the S&P 500 entering a…
Continue ReadingBitcoin falls to record-low of $21K over worrying inflation data
San Francisco, June 14. Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on…
Continue ReadingRecruit 10 lakh people in 1.5 years: PM to all departments, ministries
New Delhi, June 14 . Prime Minister Narendra Modi on Tuesday instructed to fill 10 lakh…
Continue ReadingBloodbath: ASX enters correction with $116b wiped off sharemarket
The Australian sharemarket is in a technical correction after a 5.3 per cent plunge this morning…
Continue ReadingEuropean Central Bank to raise interest rates for the first time since 2011
Amsterdam, June 10 The European Central Bank (ECB) plans to raise interest rates next month for the…
Continue ReadingVirgin Australia could list on the stock exchange as soon as next year: According to Jayne Hrdlicka
Preston 10 June 2022(TIE) Jayne Hrdlicka, Virgin Australia’s CEO, says the airline has returned to profitability…
Continue Reading‘Great pain’ will force central banks to cut rates
Washington | Bridgewater founder Ray Dalio says central banks around the world will have to start…
Continue ReadingAustralian banks lift lending rate following interest rate hike
SYDNEY, June 8 . Following the Reserve Bank of Australia (RBA) raising interest rates for the…
Continue ReadingWorld Bank warns of recession as Ukraine war hits economies already rocked by Covid
London, June 8 . Countries around the world are facing recession as the Ukraine war hits…
Continue ReadingWhat does it imply for your household if interest rates climb again?
Preston June 8,2022(TIE)Most forecasts were shocked by the Reserve Bank’s larger-than-expected interest rate hike to 0.85…
Continue ReadingWorld Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot
United Nations, June 7 . Against the backdrop of a global economic deceleration from the fallout…
Continue ReadingRBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23
New Delhi, June 8 . The Reserve Bank of India has raised the repo rate by…
Continue ReadingAustralian agricultural exports projected to hit record high
CANBERRA, June 7. The value of Australian agricultural exports is expected to hit a record high…
Continue ReadingAussie businesses continue to grapple with supply chain challenges
SYDNEY, June 7 . About 70 percent of Australia’s small and medium enterprises (SMEs) believe that…
Continue ReadingRBA expected to raise cash rate on Tuesday by 40-bp
The Reserve Bank has revealed that it weighed up three different options for the size of…
Continue ReadingAussie state makes record investment into healthcare sector
SYDNEY, June 6. Announcing its 2022-23 budget, the government of the Australian state of New South…
Continue ReadingMarkets predict an ‘aggressive’ surge in mortgage interest rates. What are the chances they’re right?
If the expectations of financial markets prove true, Australians could be about to face the most…
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