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ECB and BOE are reluctant to join Fed in pivoting toward rate cuts

ECB and BOE are reluctant to join Fed in pivoting toward rate cuts

In the wake of Federal Reserve chief Jerome Powell’s signal on Wednesday that officials are turning to focus on reducing borrowing costs, peers from Frankfurt to London declared that further slowing in inflation can’t be taken for granted. Whatever financial markets may be betting, they signaled that easing isn’t on the agenda for now.

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​ In the wake of Federal Reserve chief Jerome Powell’s signal on Wednesday that officials are turning to focus on reducing borrowing costs, peers from Frankfurt to London declared that further slowing in inflation can’t be taken for granted. Whatever financial markets may be betting, they signaled that easing isn’t on the agenda for now. In the wake of Federal Reserve chief Jerome Powell’s signal on Wednesday that officials are turning to focus on reducing borrowing costs, peers from Frankfurt to London declared that further slowing in inflation can’t be taken for granted. Whatever financial markets may be betting, they signaled that easing isn’t on the agenda for now.  Moneycontrol Latest News Read More  

In the wake of Federal Reserve chief Jerome Powell’s signal on Wednesday that officials are turning to focus on reducing borrowing costs, peers from Frankfurt to London declared that further slowing in inflation can’t be taken for granted. Whatever financial markets may be betting, they signaled that easing isn’t on the agenda for now.

Citigroup closes municipal underwriting and market-making unit

Citigroup closes municipal underwriting and market-making unit

“The economics of these activities are no longer viable given our commitment to increase the firm’s overall returns,” said the memo, signed by Citigroup#39;s head of markets Andy Morton and Peter Babej, interim head of banking.

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​ “The economics of these activities are no longer viable given our commitment to increase the firm’s overall returns,” said the memo, signed by Citigroup#39;s head of markets Andy Morton and Peter Babej, interim head of banking. “The economics of these activities are no longer viable given our commitment to increase the firm’s overall returns,” said the memo, signed by Citigroup#39;s head of markets Andy Morton and Peter Babej, interim head of banking.  Moneycontrol Latest News Read More  

“The economics of these activities are no longer viable given our commitment to increase the firm’s overall returns,” said the memo, signed by Citigroup#39;s head of markets Andy Morton and Peter Babej, interim head of banking.

Asian shares hit three-month peak as Fed pivot rally rolls on

Asian shares hit three-month peak as Fed pivot rally rolls on

MSCI#39;s broadest index of Asia-Pacific shares outside Japan rose 0.7% to the highest since early September and was up 2.5% for the week. Japan#39;s Nikkei jumped 1.2%, also heading for a weekly gain of 2.5%.

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​ MSCI#39;s broadest index of Asia-Pacific shares outside Japan rose 0.7% to the highest since early September and was up 2.5% for the week. Japan#39;s Nikkei jumped 1.2%, also heading for a weekly gain of 2.5%. MSCI#39;s broadest index of Asia-Pacific shares outside Japan rose 0.7% to the highest since early September and was up 2.5% for the week. Japan#39;s Nikkei jumped 1.2%, also heading for a weekly gain of 2.5%.  Moneycontrol Latest News Read More  

MSCI#39;s broadest index of Asia-Pacific shares outside Japan rose 0.7% to the highest since early September and was up 2.5% for the week. Japan#39;s Nikkei jumped 1.2%, also heading for a weekly gain of 2.5%.

Oil prices on track for first weekly rise in two months

Oil prices on track for first weekly rise in two months

Brent futures rose 9 cents to $76.70 a barrel at 0006 GMT. U.S. West Texas Intermediate (WTI) crude climbed 10 cents to $71.68.

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​ Brent futures rose 9 cents to $76.70 a barrel at 0006 GMT. U.S. West Texas Intermediate (WTI) crude climbed 10 cents to $71.68. Brent futures rose 9 cents to $76.70 a barrel at 0006 GMT. U.S. West Texas Intermediate (WTI) crude climbed 10 cents to $71.68.  Moneycontrol Latest News Read More  

Brent futures rose 9 cents to $76.70 a barrel at 0006 GMT. U.S. West Texas Intermediate (WTI) crude climbed 10 cents to $71.68.

Janet Yellen says Donald Trump administration#39;s China policies left US more vulnerable

Janet Yellen says Donald Trump administration#39;s China policies left US more vulnerable

Yellen, at a U.S.-China Business Council event Thursday night, said the Trump administration “failed to make investments at home in critical areas like infrastructure and advanced technology, while also neglecting relationships with our partners and allies that had been forged and strengthened over decades.�

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​ Yellen, at a U.S.-China Business Council event Thursday night, said the Trump administration “failed to make investments at home in critical areas like infrastructure and advanced technology, while also neglecting relationships with our partners and allies that had been forged and strengthened over decades.â€� Yellen, at a U.S.-China Business Council event Thursday night, said the Trump administration “failed to make investments at home in critical areas like infrastructure and advanced technology, while also neglecting relationships with our partners and allies that had been forged and strengthened over decades.â€�  Moneycontrol Latest News Read More  

Yellen, at a U.S.-China Business Council event Thursday night, said the Trump administration “failed to make investments at home in critical areas like infrastructure and advanced technology, while also neglecting relationships with our partners and allies that had been forged and strengthened over decades.�

NCLT Mumbai approves sale of RCom real estate assets, shares

NCLT Mumbai approves sale of RCom real estate assets, shares

The filing attached an order of the National Company Law Tribunal#39;s Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company.

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​ The filing attached an order of the National Company Law Tribunal#39;s Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company. The filing attached an order of the National Company Law Tribunal#39;s Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company.  Moneycontrol Latest News Read More  

The filing attached an order of the National Company Law Tribunal#39;s Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company.

India must lower fiscal deficit #39;a lot more#39; to get a higher rating, says SP

India must lower fiscal deficit #39;a lot more#39; to get a higher rating, says SP

According to Kim Eng Tan, SP Global#39;s Managing Director for APAC sovereign ratings, India will clock a GDP growth rate of at least 6.4 percent or more for the next few years.

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​ According to Kim Eng Tan, SP Global#39;s Managing Director for APAC sovereign ratings, India will clock a GDP growth rate of at least 6.4 percent or more for the next few years. According to Kim Eng Tan, SP Global#39;s Managing Director for APAC sovereign ratings, India will clock a GDP growth rate of at least 6.4 percent or more for the next few years.  Moneycontrol Latest News Read More  

According to Kim Eng Tan, SP Global#39;s Managing Director for APAC sovereign ratings, India will clock a GDP growth rate of at least 6.4 percent or more for the next few years.

Credit card users bear brunt of fewer rewards due to misuse by some

Credit card users bear brunt of fewer rewards due to misuse by some

The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.

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​ The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists. The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.  Moneycontrol Latest News Read More  

The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.

Credit card users bear brunt of fewer rewards due to misuse by some

Credit card users bear brunt of fewer rewards due to misuse by some

The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.

Read More

​ The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists. The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.  Moneycontrol Latest News Read More  

The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.

Small-cap, Innovation, logistics: Hot stocks that recently launched NFOs invest in

Small-cap, Innovation, logistics: Hot stocks that recently launched NFOs invest in

Newly-launched mutual fund schemes have the daunting task of picking stocks at a time when SP BSE Sensex hovers around 70,000 mark. Here’s a glimpse into the stock ideas that fund managers are convinced about, in the middle of a market rage.

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​ Newly-launched mutual fund schemes have the daunting task of picking stocks at a time when SP BSE Sensex hovers around 70,000 mark. Here’s a glimpse into the stock ideas that fund managers are convinced about, in the middle of a market rage. Newly-launched mutual fund schemes have the daunting task of picking stocks at a time when SP BSE Sensex hovers around 70,000 mark. Here’s a glimpse into the stock ideas that fund managers are convinced about, in the middle of a market rage.  Moneycontrol Latest News Read More  

Newly-launched mutual fund schemes have the daunting task of picking stocks at a time when SP BSE Sensex hovers around 70,000 mark. Here’s a glimpse into the stock ideas that fund managers are convinced about, in the middle of a market rage.

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