[ 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
[ LONDON: The dollar and bond yields rose on Friday after much stronger than expected growth in March U.S. payrolls sent investors scurrying to review their bets on when the Federal Reserve will cut interest rates. The U.S. Labor Department reported that nonfarm payrolls increased by 303,000 in March, far ahead of a forecast rise … Read more
[ In a startling turn of events, the humble vegetarian thali, a staple for millions across India, has emerged as a villain in the life of the financially stressed, with its price going up by 7% in March. The culprits behind this gastronomic inflation? None other than the trio of onion, tomato, and potato, whose … Read more
[ NEW DELHI: The Reserve Bank of India will likely keep interest rates unchanged Friday, with chances of an early cut fading after the government warned of a coming heatwave and the economy grew faster than expected.The central bank will likely keep its benchmark repurchase rate at 6.5% for a seventh straight policy meeting, according … Read more
[ KUALA LUMPUR: Bank Negara Malaysia (BNM) has organised several engagement sessions with various stakeholders since March 20, 2024, in conjunction with the central bank’s key report publication recently. BNM said the engagement sessions were aimed at sharing its assessment of the Malaysian economy and financial sector, as well as getting feedback from the central … Read more
[ JAKARTA; Indonesia’s annual inflation rate accelerated more than expected in March to 3.05%, the quickest since August 2023, amid rising demand during the fasting month of Ramadan, data from the statistics bureau showed on Monday. A Reuters poll of economists had expected an inflation rate of 2.91% in March. The February annual inflation rate … Read more
