The Bank of Japan (BOJ) held its benchmark interest rates at ultra-low levels on Thursday, as expected, citing the need for accommodative monetary policy amid continued headwinds from rising commodity prices and the aftermath of the COVID-19 pandemic. The world’s…
Category: ECONOMIC NEWS
U.S. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting and rate decision later this week. By…
The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, Ether will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer options. WHERE WILL…
U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. The apparent contradiction between the real economy and financial markets…
By Administrator_ India Capital Sands Escalating competition in the festive season, public sector lender Union Bank of India has slashed interest rate on home loans by 40 basis points. The minimum rate of interest now starts at 6.40 percent, instead of…
By Administrator_ India Capital Sands Following a prolonged dry spell that broke with heavy rains lashing several parts of the country since mid-July, the performance of the southwest monsoon in the remaining two months of the season is expected to be normal,…
By Administrator _India Capital Sands The wholesale price index-based (WPI-based) inflation rate rose for the third straight month to an eight-month high of 1.48 per cent in October from 1.32 per cent in the previous month. Economists said the WPI…
By Administrator_ India Capital Sands The pound fell sharply Tuesday as concerns about a no-deal Brexit and fears over a looming lockdown hurt sentiment. GBP/USD fell 0.95% to $1.2940. The possibility of the UK leaving the EU without a trade deal…
By Administrator_India Capital Sands States might lose Rs 3 trillion in their own revenues this year thanks to the pandemic and the slow recovery of economic activity, State Bank of India said in a report. Add to that the share…
By Administrator_India Capital Sands India’s dominant services industry, a key driver of economic growth, shrank for a fifth straight month in July as restraining measures to stop the spread of the coronavirus hurt business activity and led to record job…