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… Read More »ECB and BOE are reluctant to join Fed in pivoting toward rate cuts
“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. Read More “The economics… Read More »Citigroup closes municipal underwriting and market-making unit
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%. Read More MSCI#39;s broadest index… Read More »Asian shares hit three-month peak as Fed pivot rally rolls on
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. Read More Brent futures rose 9 cents to $76.70 a barrel at 0006 GMT. U.S. West Texas… Read More »Oil prices on track for first weekly rise in two months
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… Read More »Janet Yellen says Donald Trump administration#39;s China policies left US more vulnerable
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… Read More »NCLT Mumbai approves sale of RCom real estate assets, shares
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. Read More According to Kim Eng Tan, SP… Read More »India must lower fiscal deficit #39;a lot more#39; to get a higher rating, says SP
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… Read More »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… Read More »Credit card users bear brunt of fewer rewards due to misuse by some
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… Read More »Small-cap, Innovation, logistics: Hot stocks that recently launched NFOs invest in
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