central banks

More and more data points to the fact that tight lending and monetary policy have peaked and are now effectively bringing down inflation.But as major central banks prepare to announce decisions next week, the Federal Reserve and Bank of…

Last Updated: July 06, 2023, 02:30 ISTSaudi Arabia, the world's biggest crude exporter, on Monday said it would extend its voluntary output cut of 1 million barrels per day (bpd) to August. (Photo: Reuters)U.S. West Texas Intermediate…

Last Updated: June 29, 2023, 05:06 ISTWhile Hinton shares signatories concern that AI may prove to be an existential threat to mankind, he disagreed with pausing research. (Image: Reuters File) Hinton made headlines in May when he announced…

RBI Governor Shaktikanta Das, who was chosen for the prestigious Governor of the Year Award 2023 earlier this year, has said that central banks at the core of monetary and financial systems have been called to do “heavy lifting” well…

A global index of stocks was gaining ground on Monday while U.S. Treasury yields also edged higher ahead of key U.S. inflation readings and interest rate decisions later this week from the U.S. Federal Reserve and other central banks.The…

Last Updated: June 10, 2023, 02:00 ISTNew York, United States of America (USA)China raised its gold reserves for a seventh straight month to 67.27 million fine troy ounces by May-end. (Reuters File Photo)Spot gold fell 0.3% to $1,961.39 per…

World stocks rose on Thursday and Treasury yields edged lower as investors leaned toward bets that the U.S. Federal Reserve is likely to abstain from raising interest rates next week.This view was bolstered by Thursday’s data showing the…

Last Updated: June 08, 2023, 04:35 ISTNew York, United States of America (USA)The dollar gained 0.31% to 140.10 yen, while the euro rose 0.11% against the U.S. currency to $1.0703. The dollar index was little changed on the day at 104.07.…

International Monetary Fund First Deputy Managing Director Gita Gopinath. File | Photo Credit: Reuters Price pressures seem entrenched in many economies, including emerging markets, and upside inflation risks are sizeable, said Gita…

Last Updated: May 20, 2023, 02:35 ISTAngel tax is a commonly used term for tax imposed when shares of an unlisted entity are issued to an investor at a price more than its fair market value. Angel tax is a commonly used term for tax imposed…