[ SYDNEY: Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year. The Australian dollar duly jumped 0.6% to $0.6522, while three-year bond futures tumbled 15 ticks to 96.00, … Read more
[ PepsiCo beat Wall Street expectations for first-quarter revenue and profit on Tuesday as demand for its sodas and snacks like Cheetos and Doritos in international markets drove growth even as it witnessed a slowdown in the United States. Consumers across Europe, Asia Pacific and China shelled out money for PepsiCo’s pricey sodas and chips, … Read more
[ MUMBAI: RBI governor Shaktikanta Das cited robust growth in the economy, supported by an upturn in manufacturing and the investment cycle as reasons for keeping interest rates on hold. The governor’s views during the monetary policy committee meeting held a fortnight ago were revealed in the minutes of the meeting, which were released by … Read more
[ NEW DELHI: Inflation continues to remain the main concern for the Reserve Bank of India’s monetary policy committee members before it goes ahead and loosens its stance on key interest rates.As per the Minutes of the latest monetary policy meeting released on Friday, there have been several mentions of uncertainties around inflation. Going ahead, … Read more
[ SINGAPORE: Singapore’s central bank has kept unchanged its monetary policy stance aimed at strengthening the trade-weighted Singapore dollar to fight still-elevated inflation. The Monetary Authority of Singapore (MAS) said yesterday that it would maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, with no change to the … Read more
[ WALL Street’s main stock indexes were on track for a lower open on Friday as most megacap growth stocks and chipmakers receded, while some big banks dipped after dour quarterly results. JPMorgan Chase & Co fell 2.8% in premarket trading after the bank’s forecast for its income from interest payments came in below analysts’ … Read more
[ SEOUL: South Korea’s central bank said on Friday greater uncertainty on the inflation outlook and the strength of exports argued against a near term push to cut interest rates after the bank left the policy rate steady at a 15-year high. “To give a six-month ahead outlook or so, all of the board members … Read more
[ Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and Nifty50 going below 22,700. At 9:25 AM, BSE Sensex was trading at 74,882.02, down 156 points or 0.21%. Nifty50 was at 22,702.65, down 51 points or 0.22%.Equity markets … Read more
[ NEW DELHI: The Asian Development Bank raised India’s growth forecast for the current year to 7 per cent, from 6.7 per cent earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2 per cent. It also estimated inflation to stay around 4.6 per cent in 2024.ADB … Read more
[ SYDNEY: Asian shares tracked Wall Street lower on Thursday as sticky U.S. inflation forced markets to slash bets on how much the Federal Reserve might ease this year, sending the dollar flying to a 34-year high against the beleaguered yen. Europe is set for a subdued open ahead of the European Central Bank meeting, … Read more
