Economy

New Delhi, March 19 (IANS) The Indian rupee is expected to remain under pressure exerted by high…

The Fed needs to hike rates to at least 5% or risk bringing stagflation and recession on the US economy, Larry Summers says

March 19, 2022

As the Federal Reserve prepares to kick off a series of interest rate hikes Wednesday, its…

Conflict in Ukraine adds to global food security threat: WFP

March 19, 2022

Geneva, March 19 (IANS) The World Food Programme (WFP) has warned that the ongoing conflict in Ukraine…

Russia to propose 10-yr ban on foreign firms which don’t return by May 1

Moscow, March 18 (IANS) Russian State Duma Deputy Yevgeny Fedorov has proposed a 10-year ban on the…

Investors bag Rs 19 lakh crore as Sensex up 5,000 pts in 8 sessions

New Delhi, March 18 (IANS) After a sharp decline after the war broke out between Russia and…

Bank of England raises interest rates for third time in four months

London, March 18(IANS) Interest rates have increased in the UK for the third time in four months…

The Fed got inflation badly wrong — and now it admits there’s no quick fix

Higher prices of gas, groceries, new cars and mortgage rates got you down? Americans may have…

Indian fintech payment firms have no data advantage over banks: Moody’s

March 17, 2022

New Delhi, March 17 (IANS) As the Reserve Bank of India (RBI) barred Paytm from taking on…

Australia’s unemployment rate falls to 4%

March 17, 2022

Canberra, March 17 (IANS) Australia’s unemployment rate has fallen to the equal-lowest level in recorded history as…

US central bank raises interest rates for first time since 2018

March 17, 2022

The US central bank said it was lifting its benchmark rate by 0.25% and signalled plans…

Australian central bank warns of higher inflation

March 16, 2022

Canberra, March 16 (IANS) The board of the Reserve Bank of Australia (RBA) said that supply would…

Biden signs $1.5 trln omnibus spending bill into law

March 16, 2022

Washington, March 16 (IANS) US President Joe Biden has signed into law a $1.5 trillion omnibus spending…

K’taka to contribute $1.5 trillion to India’s economy by 2025: CM Bommai

March 16, 2022

Bengaluru, March 16 (IANS) Karnataka will become the “top state” in the country in terms of overall…

India’s Feb retail inflation remains above 6%

March 15, 2022

New Delhi, March 15 (IANS) Higher cost of food items, as well as manufactured goods like clothing…

Tourism Ministry formulates strategy to promote medical tourism

March 15, 2022

New Delhi, March 15 (IANS) In order to create a “robust” framework and synergy amongst the Union…

Western countries putting pressure on China to limit Russia’s access to yuan reserves

March 14, 2022

New Delhi, (IANS) The Western countries are putting pressure on China to limit Russia’s access to its…

IMF to downgrade global growth forecast amid Ukraine crisis

March 11, 2022

Washington, March 11 (IANS) The International Monetary Fund (IMF) will likely downgrade its global growth forecast next…

Oil price rises as UAE quashes hopes of plugging gap in Russian shortfall

March 11, 2022

New Delhi, March 10 (IANS) Oil prices rose on Thursday amid confusion over whether major producers would…

Ukraine crisis to push up power tariff as coal prices zoom

March 10, 2022

New Delhi, March 10. Common man’s pocket might be pinched further as electricity bills are expected…

Ukraine war, FII sell-off push gold price to Rs 55K per 10 gm

March 9, 2022

New Delhi, March 8 (IANS) Inflationary fears as well as Russia-Ukraine conflict pushed gold prices to Rs…

Australia’s central bank flags possible rate rise within year

March 9, 2022

Sydney, March 9 (IANS) Reserve Bank of Australia Governor, Philip Lowe on Wednesday said the central bank…

WFP calls for more funds for Afghan relief

March 8, 2022

Kabul, March 8 (IANS) The World Food Program (WFP) has called for more funds after recently stating…

Panic rising as major home builders go bust despite a construction boom and soaring house prices

March 8, 2022

Alongside a house price boom, Australia is in the midst of a homebuilding boom, with the…

History Suggests Oil Shock Raises Probability of U.S. Recession

In the past 50 years, every time oil prices, adjusted for inflation, rose 50% above trend,…

Inflationary fears: Rupee hits record low at over 77 to USD

Mumbai, March 7 (IANS) High commodity prices as well as outflow of foreign funds from equity markets…

Stock Markets: Sensex, Nifty crash as crude prices soar

Mumbai, March 7 (IANS) India’s key indices — S&P BSE Sensex and NSE Nifty50 — fell sharply…

14-year high: Ukraine crisis pushes Brent crude oil price to $130 a barrel

New Delhi, March 7 (IANS) Ongoing hostilities between Russia and Ukraine, as well as the lack of…

Gold Rush: Ukraine war pushes up global prices to $2K

New Delhi, March 7 (IANS) Inflationary fears triggered a rush for safe haven investments during the ongoing…

Russian banks switch to Chinese UnionPay after withdrawal of Visa and MasterCard